Texas Economic Snapshot
Texas continues to lead the nation in an economic resurgence and remains one of the strongest and most diverse economies in the nation. Below is a snapshot of the state's economic status:
Please note: The U.S. Bureau of Labor Statistics has revised previously posted 2023 monthly numbers as part of their annual benchmarking process.
- The Texas unemployment rate is 4%. (Texas Workforce Commission, April)
- Texas added 42,600 non-farm jobs in April. (Texas Workforce Commission)
- Texas added the most jobs in the nation over the last 12 months, adding 306,000 jobs from April 2023 to April 2024. (Texas Workforce Commission)
- Texas reached a new historic high with the largest labor force ever in the state’s history at a record 15,226,800. (U.S. Bureau of Labor Statistics, April)
- Texas reached a new historic high for Texans working, including self-employed, at 14,623,300. (U.S. Bureau of Labor Statistics, April)
- Texas reached a new high for total jobs at 14,159,000. (U.S. Bureau of Labor Statistics, April)
- Texas has added jobs in 46 of the last 48 months. (Texas Workforce Commission, April)
- In April, there were 45 new project locations announced in areas across Texas by various news sources. The projects are expected to create more than $169 million in capital investment and more than 1,102 new jobs. (EDT Research)
- State sales tax revenue for April totaled $3.96 billion. (Texas Comptroller of Public Accounts)
- In March, Texas exports totaled $38.3 billion, increasing 3.6% from the month prior. (USA Trade)
- The Texas economy again grew faster than the nation as a whole for the sixth quarter in a row, growing at a rate of 5% during the fourth quarter of 2023. (Bureau of Economic Analysis)
- The Texas economy is officially the 8th largest economy in the world, valued at more than $2.4 trillion. (IMF GDP 2022)