Texas Sees Record Low Unemployment Under Abbott

By Matt Briscoe

Newly re-elected Texas Governor Greg Abbott has been traveling the state this week announcing new businesses, new jobs and promoting the growth that the state has seen so far under his leadership.

Though the highly sought after prize known as Amazon went to New York and suburban Virginia, Texas bounced back with a country punch on Friday announcing record low unemployment for the state.

The announcement came Friday morning that the October unemployment rate of 3.7% is the lowest number since record keeping began in January of 1976.

Midland led the state with the lowest unemployment numbers, followed by Amarillo, Odessa, Austin and College Station.

The leisure and hospitality sector saw a gain of 8,700 new jobs filled while the education and health sector clocked in at 5,100 new jobs.

The mining and logging industry saw an increase of 4,300 new jobs created. Construction jobs however, drew only about 1,500 new positions in the state.

On Thursday, Gov. Abbott was in the Corpus Christi area promoting a loading facility at Chenerie Chemicals that is set to draw a few permanent jobs to the Corpus Christi area.

On Wednesday, Governor Abbott announces that East Penn Manufacturing would be brining 266 new jobs to the Temple area in the not so distant future.

“Texas continues to lead the nation in job and business growth, and as a result of our booming economy, unemployment numbers have fallen to a new record low,” Gov. Abbott said on Friday.

“Governor Abbott should be proud of what is happening in Texas,” said economist Mark Richter. “Amazon chose to go to places that fit the Bezos mindset and now, Texas wants to show them the error of their ways.”

Other economists say that Texas should be keenly aware that Gov. Abbott and his leadership team should not become complacent with these new numbers and they warn that innovation and incentives must go hand in hand in order for Texas to continue this productive growth spurt.

But for now, the positive climb rate in Texas coupled with hearty shots from the Texas Enterprise Fund seems to be doing the trick when it comes to growth in the Lone Star State.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s