While the country is slowly gaining traction in economic recovery, Texas is picking up a faster pace. The Monthly Review of Texas Economy for January 2011 reports that Texas gained 231,700 jobs over the past 12 months, an increase of 2.3 percent. The private sector is playing a significant part, with an annual growth rate of 2.7 percent—more than twice the national pace of 1.2 percent during the same period.
Almost every industry in Texas is growing right now. With the exception of trade and information, every area posted more jobs in December 2010 than in December 2009:
- Mining and logging grew 14.9 percent
- Construction added 32,300 jobs (5.8 percent growth)
- Professional and business services gained 64,900 jobs (up 5.3 percent)
- Education and health services grew by 46,000 jobs
- Healthcare and social assistance added 47,400 jobs
Manufacturing, leisure and hospitality, financial services, transportation and warehousing, and the government sector all reported job growth.
The statewide unemployment rate was 8.3 percent, lower than the 9.4 percent national figure. Midland has the lowest figure at 4.9 percent; at just 5.9 percent, Bryan-College Station has the fourth lowest unemployment in Texas, almost half of the national average!
There are many reasons to consider relocating to Bryan-College Station. If getting a good job in a growing area with a low cost of living and a new home at an affordable price is high on your priority list, you should talk to us at Stylecraft Builders. Contact us to learn more about the benefits of living and working in Bryan-College Station.