Page 16 - BB_Sep_2019

Texas Leads Job Gains in July

Total nonfarm employment, seasonally adjusted (SA) increased by 2.2 million jobs, year-over-year
(YoY), or 1.5% from July 2018 to July 2019. During this time, total nonfarm employment in the Western
region increased by 2.1%. The South, Northeast, and Midwest recorded gains at 1.7%, 0.9% and 0.7%
respectively, during this time.

According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 33 states and
the District of Columbia, decreased in 16 states in July compared to the previous month. One state, New
Hampshire recorded no change. Texas added 35,200 jobs, which was the largest gain of any state. The
largest decline came from Michigan, which lost 5,800 jobs during this time. Nationwide, total nonfarm
payroll employment increased by 164,000 over the month of July, following an increase of revised down
estimate of 193,000 jobs added in June.

Year-over-year, ending in July, except for Louisiana (-0.1%) and Minnesota (0.0%), all the other 48
states and the District of Columbia increased in employment. Texas added 323,300 workers while the
smallest gain came from North Dakota and Minnesota which added 800 workers during this time. In
percentage terms, 22 states recorded annualized growth equal to and/or above 1.5% in employment,
which was the national growth rate. Nevada recorded the highest growth rate at 3.1%. The other states
and the District of Columbia recorded annualized growth between 0.1%-1.5%.

16 SEPTEMBER 2019 | GREATER SAN ANTONIO BUILDERS ASSOCIATION