The Texas labor market marked record-breaking growth with January over-the-month increases in jobs, Texans employed, and the civilian labor force. Following annual benchmarking revisions to the 2023 labor market data, Texas’ seasonally adjusted job count increased by 18,900 in January to reach 14,053,400 jobs and achieve growth in 43 of the last 45 months.
According to the revised data, Texas’ total nonfarm employment grew by 263,900 jobs from January 2023 to January 2024, which represents a 1.9 percelebrate annual growth rate.
The Texas seasonally adjusted civilian labor force grew over the month by 12,800 people to reach 15,143,400 in January. This included the addition of 16,000 employed Texans over the month. The seasonally adjusted unemployment rate registered at 3.9 percent for the eighth consecutive month, based on the revised 2023 data, while dropping from the January 2023 rate of 4.1 percent.
