Texas employers add new jobs in February

Seasonally adjusted nonagricultural employment in Texas increased by 14,300 jobs in February - almost double the five-year average February job gain. With an annual job growth rate at

2.3 percent, the Texas economy gained 231,200 jobs over the past 12 months. The February seasonally adjusted unemployment rate held steady at 4.5 percent, down from 5.1 percent a year ago.

The Midland Metropolitan Statistical Area (MSA) experienced the lowest unemployment rate in the state at 3.2 percent (not seasonally adjusted). The Amarillo and Odessa MSAs followed at 3.7 percent.

"The Texas labor market continues to grow at a rapid pace across many different industries," said Texas Workforce Commission (TWC) Chair Diane Rath. "Broad-based job growth and an unemployment rate in line with the national rate of 4.5 percent are clear signs of our state's robust economy."

Professional & Business Services gained 5,500 jobs, posting a seventh consecutive month of over-themonth increases. Trade, Transportation & Utilities added 4,400 positions, for a year over year gain of 25,900 jobs.

"The Texas business outlook continues to show sustained job growth," said TWC Commissioner Representing Employers Ron Lehman.

The Construction industry recorded a gain of 3,700 positions in February for a strong annual job growth rate of 4.4 percent. Mining employment gained 1,800 jobs, following an increase of 1,400 positions in January. In the past 12 months, Mining gained 20,700 jobs.

Initial claims for U n e m p l o y m e n t Compensation in February 2007 were 43,908, down 25.8 percent from