Unemployment Rate On The Decline In Texas

April 3rd, 2015

If you’ve ever thought about employment in Texas there are a number of reasons our state is a great place to work. Not the least of which includes the decline of the unemployment rate over the last several years. As of December 2014, Texas had an unemployment rate of 4.6 percent. The national average still remains at 5.6 percent during the same time period. Let’s take a look at why the unemployment rate is on the decline in Texas and how this translates to better jobs overall.

  • Booming cities. Midland, Texas has one of the lowest unemployment rates in the country currently standing at 2.6%. Amarillo, Lubbock, Austin, and Dallas are all significantly below the national numbers as well. Texas is also a great state for a variety of employment benefits including no state income tax, which helps employees keep more of the money they make each week and throughout the year.
  • Increased industry. Texas is leading the way in a number of high tech industries. Careers in aerospace and aviation, biotechnology, information technology, and energy are all booming in the state. Job seekers interested in these roles or open to learning new skills will do well to focus on these industries and explore opportunities in these areas.
  • Housing availability. Because of increased job opportunities in major metropolitan areas, housing is also seeing a boom. This also means that there is an increased need for real estate agents and a variety of housing-related jobs. The current average housing cost for all type of properties in Austin, Texas stands at over $500,000, but there are more affordable options as well. Depending on where you want to live, you may be able to get a good deal on rental properties.
  • Long-term effects. The Austin area remains the top performing city in the state and the long-term forecast remains positive. The service industry, durable manufacturing, and trades will continue to advance the economy of the city along with the industries mentioned above. It is expected that the metropolitan areas of Texas will see growth through 2040 and beyond.

Are you interested in working in Texas? Meador Staffing is now hiring for jobs in Austin TX so call us now!

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