According to the most recent data released from the Texas Workforce Commission, the state's unemployment rate continued to improve, declining for the third consecutive month.
Overall, the seasonally adjusted rate settled at 8 percent, a 0.1 percent fall from March and 0.2 percent year-over-year decline. The rate is also well below the 9 percent national rate during April. In all, the state added 32,900 non-farm jobs to total 254,400 during the month.
"Texas has demonstrated its ability to bounce back from the effects of the national recession through strong and consistent job growth over the past year," said Texas Workforce Commission chairman Tom Pauken. "Over the past five years, Texas added more than 500,000 jobs, the largest gain for any state in the nation."
Among the areas adding the most jobs were trade, transportation, utilities, education and health systems and professional and business services, adding between 17,900 and 8,000 jobs each.
The increased employment could be a positive sign for real estate market in the state's major metropolitan areas. Dallas and Houston properties have experienced recent declines in home prices, so with more state residents having regular income, these cheaper estates could be purchased soon.
Courtesy of 2M Realty News