By Ali Anari, Research Economist Mark G. Dotzour, Chief Economist
TRT E C H N I C A L R E P O RT
J U N E 2 0 1 41 8 6 2
AT TEXAS A&M UNIVERSITY
MonthlyReviewof the TexasEconomy
Monthly Review of the Texas Economy—June 2014
By Ali Anari and Mark G. Dotzour
The Texas economy gained 375,300 nonagricultural jobs from May 2013 to May 2014, an annual growth rate of 3.4 percent compared with 1.8 percent for the United States (Table 1 and Figure 1). The state’s nongovernment sector added 343,000 jobs, an annual growth rate of 3.7 percent compared with 2.1 percent for the nation’s private sector (Table 1).
Texas’ seasonally adjusted unemployment rate fell to 5.1 percent in May 2014 from 6.4 percent in May 2013. The nation’s rate decreased from 7.5 to 6.3 percent (Table 1). Texas Employment Growth Rates by Industry Table 2 shows Texas industries ranked by employment growth rate from May 2013 to May 2014. All Texas industries had more jobs in May 2014 than in May 2013. The state’s mining and logging industry ranked first in job creation followed by the transportation, warehousing and utilities industry, construction, and leisure and hospitality industry. Figures 2 to 13 show trends in employment growth rates by industries.
Texas Job Shares by Industry and the Government Sector Table 3 shows Texas industries and the state’s government sector ranked by their shares of Texas jobs in May 2014. Of the 11,563,400 nonagricultural jobs in May 2014, the highest percentage of employment by industry was in the government sector followed by the trade industry, education and health services, professional and business services, and leisure and hospitality. Since May 2013 the state’s trade industry, professional and business services, leisure and hospitality industry, construction industry, transportation, warehousing and utilities industry, mining and logging industry, and information industry have expanded their shares of Texas employment at the expense of the government sector, education and health services industry, manufacturing industry, financial activities industry, and other services industry. Figures 14 to 25 show trends in shares of total Texas jobs by Texas industries. Contributions to Texas Employment Growth Rate by Industry Texas’ statewide employment growth rate of 3.4 percent, or more exactly 3.354 percent, from May 2013 to May 2014 is the weighted average of employment growth rates for all Texas industries for the period. Weights are shares of jobs by industry. The contribution of each industry to the statewide employment growth rate is equal to the employment growth rate of that industry multiplied by its share of Texas jobs. Table 4 shows Texas industries and the state’s government sector ranked by their contributions to Texas employment growth rates from May 2013 to May 2014. The state’s trade industry ranked first in contribution to statewide employment growth rate followed by professional and business services, the leisure and hospitality industry, education and health services, government sector, and construction industry. Figures 26 to 37 show trends in contributions of Texas industries to Texas job growth rates.
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Employment Growth Rates by Texas Metropolitan Areas All Texas metro areas except Texarkana had more jobs in May 2014 than in May 2013 (Table 5). College Station ranked first in job creation, followed by Midland, Dallas-Plano-Irving, Austin-Round Rock-San Marcos, and Victoria (Table 5). Figures 38 to 63 show trends in annual employment growth rates for the state’s metropolitan areas. Texas Job Shares by Metropolitan Area Table 6 shows Texas metropolitan areas ranked by their shares of total Texas jobs in May 2014. The Houston-Sugar Land-Baytown metro area had the largest share of Texas jobs, followed by Dallas-Plano-Irving, Fort Worth-Arlington, San Antonio-New Braunfels, Austin-Round Rock-San Marcos, El Paso and McAllen-Edinburg-Mission. Figures 64 to 89 show trends in Texas metropolitan shares of total Texas jobs. Contributions to Texas Employment Growth Rate by Metropolitan Area The statewide employment growth rate of 3.354 percent in Texas from May 2013 to May 2014 is the weighted average of employment growth rates of all Texas metro areas for the period. Weights are shares of jobs by area. The contribution of each metro area to the statewide employment growth rate is equal to the employment growth rate in that area multiplied by its share of Texas jobs. Table 7 shows Texas metro areas ranked by their contributions to Texas employment growth rates from May 2013 to May 2014. The Houston-Sugar Land-Baytown metro area ranked first in contribution to Texas employment growth rate, followed by Dallas-Plano-Irving, Austin-Round Rock-San Marcos, Fort Worth-Arlington, San Antonio-New Braunfels, College Station-Bryan, and Corpus Christi. Figures 90 to 115 show trends in contributions of Texas metro areas to total Texas job growth rates. Unemployment Rate by Metropolitan Area The state’s actual unemployment rate in May 2014 was 5.1 percent. Midland had the lowest unemployment rate, followed by Odessa, Amarillo, Lubbock, College Station-Bryan, and San Angelo (Table 8).
Employment Growth Rates and Unemployment Rates by Metropolitan Area Figure 116 shows employment growth rates of Texas metro areas from May 2013 to May 2014 on the vertical axis and their unemployment rates in May 2014 on the horizontal axis. Dotted lines for Texas’ employment growth rate of 3.4 percent from May 2013 to May 2014 and Texas’ unemployment rate of 5.1 percent in May 2014 show the state’s metro areas currently falling into the following groups:
a. Metro areas with employment growth rates higher than Texas’ and unemployment rates lower than Texas’ are College Station-Bryan, Midland, Victoria, and Austin-Round Rock-San Marcos.
b. The Dallas-Plano-Irving metro area’s unemployment rate was equal to the statewide average. The metro area’s employment growth rate was higher than the statewide average.
c. The Tyler metro area’s unemployment rate was equal to the statewide average. The metro area’s employment growth rate was lower than the statewide average.
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d. Metro areas with employment growth rates lower than Texas’ and unemployment rates lower than Texas’ in May 2014 were Houston-Sugar Land-Baytown, Fort Worth-Arlington, Sherman-Denison, Corpus Christi, Odessa, Lubbock, San Antonio-New Braunfels, San Angelo, Longview, Waco, Abilene, Amarillo and Wichita Falls.
e. Metro areas with employment growth rates lower than Texas’ and unemployment rates higher than Texas’ in May 2014 were Laredo, Brownsville-Harlingen, Killeen-Temple-Fort Hood, McAllen-Edinburg-Mission, El Paso, Beaumont-Port Arthur and Texarkana.
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Table 1 Texas and U.S. Labor Markets Change Nonfarm Employment May 2014 May 2013 Absolute Percent Texas 11,563,400 11,188,100 375,300 3.4 United States 139,192,000 136,793,000 2,399,000 1.8 Private Employment May 2014 May 2013 Absolute Percent Texas 9,700,600 9,357,600 343,000 3.7 United States 116,929,000 114,545,000 2,384,000 2.1 Actual Seasonally Adjusted Unemployment Rate May 2014 May 2013 May 2014 May 2013 Texas 5.1 6.3 5.1 6.4 United States 6.1 7.3 6.3 7.5 Sources: Texas Workforce Commission and U.S. Bureau of Labor Statistics
May MayRank Industry 2014 2013 Change %Change
1 Mining and Logging 310,400 288,400 22,000 7.632 Transportation, Warehousing, Utilities 486,500 461,400 25,100 5.443 Construction 637,900 611,000 26,900 4.404 Leisure and Hospitality 1,209,400 1,160,300 49,100 4.235 Professional and Business Services 1,509,100 1,449,000 60,100 4.156 Trade 1,824,300 1,760,000 64,300 3.657 Information 207,600 200,500 7,100 3.548 Education and Health Services 1,530,900 1,482,500 48,400 3.269 Financial Activities 697,600 679,000 18,600 2.7410 Other Services 405,000 397,000 8,000 2.0211 Government 1,862,800 1,830,500 32,300 1.7612 Manufacturing 881,900 868,500 13,400 1.54
Table 2
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
Texas Industries and Government Sector Ranked by Employment Growth RateFrom May 2013 to May 2014
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Table 3 Texas Industries' and Government's Shares of Employment
May May
2014 2013 Rank Industry Percent Percent
1 Government 16.11 16.36 2 Trade 15.78 15.73 3 Education and Health Services 13.24 13.25 4 Professional and Business Services 13.05 12.95 5 Leisure and Hospitality 10.46 10.37 6 Manufacturing 7.63 7.76 7 Financial Activities 6.03 6.07 8 Construction 5.52 5.46 9 Transportation, Warehousing, Utilities 4.21 4.12 10 Other Services 3.50 3.55 11 Mining and Logging 2.68 2.58 12 Information 1.80 1.79
Total 100.00 100.00 Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Note: Components may not add up to totals due to rounding.
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Table 4
Contributions of Texas Industries and the Government Sector to Texas Employment Growth Rate
May May 2014 2013
Rank Industry Percent Percent 1 Trade 0.575 0.446 2 Professional and Business Services 0.537 0.427 3 Leisure and Hospitality 0.439 0.524 4 Education and Health Services 0.433 0.379 5 Government 0.289 0.112 6 Construction 0.240 0.248 7 Transportation, Warehousing, Utilities 0.224 0.127 8 Mining and Logging 0.197 0.175 9 Financial Activities 0.166 0.198 10 Manufacturing 0.120 0.080 11 Other Services 0.072 0.131 12 Information 0.063 0.029
Total 3.354 2.875 Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
Note: Components may not add up to totals due to rounding.
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Table 5 Texas Metropolitan Areas Ranked by Employment Growth Rate From May 2013 to May 2014 Rank Metro Area Growth Rate, Percent 1 College Station-Bryan 5.10 2 Midland 4.22 3 Dallas-Plano-Irving 4.08 4 Austin-Round Rock-San Marcos 3.59 5 Victoria 3.55 Texas 3.35 6 Houston-Sugar Land-Baytown 3.34 7 Odessa 2.90 8 Lubbock 2.87 9 Fort Worth-Arlington 2.69 10 San Antonio-New Braunfels 2.61 11 Sherman-Denison 2.51 12 Corpus Christi 2.38 13 Killeen-Temple-Fort Hood 2.13 14 Longview 2.09 15 Brownsville-Harlingen 1.79 16 McAllen-Edinburg-Mission 1.70 17 Abilene 1.65 18 El Paso 1.53 19 Waco 1.50 20 Laredo 1.25 21 Amarillo 1.05 22 Tyler 1.04 23 San Angelo 0.63 24 Beaumont-Port Arthur 0.57 25 Wichita Falls 0.35 26 Texarkana -0.72 Source: Texas Workforce Commission
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Table 6 Texas Metropolitan and Micropolitan Shares of Total Texas Jobs
Rank
May May 2014 2013
Percent Percent 1 Houston-Sugar Land-Baytown 24.9321 24.9345 2 Dallas-Plano-Irving 19.4614 19.3250 3 Fort Worth-Arlington 8.1818 8.2346 4 San Antonio-New Braunfels 8.0539 8.1122 5 Austin-Round Rock-San Marcos 7.7425 7.7252 6 El Paso 2.5295 2.5751 7 McAllen-Edinburg-Mission 2.0686 2.1022 8 Corpus Christi 1.6708 1.6866 9 Beaumont-Port Arthur 1.3759 1.4140 10 Brownsville-Harlingen 1.1796 1.1977 11 Lubbock 1.1787 1.1843 12 Killeen-Temple-Fort Hood 1.1606 1.1745 13 Amarillo 0.9971 1.0198 14 Waco 0.9340 0.9510 15 College Station-Bryan 0.9262 0.9108 16 Longview 0.8881 0.8992 17 Laredo 0.8397 0.8572 18 Tyler 0.8371 0.8563 19 Midland 0.7688 0.7624 20 Odessa 0.6451 0.6480 21 Abilene 0.5863 0.5962 22 Wichita Falls 0.5007 0.5157 23 Texarkana 0.4800 0.4996 24 Victoria 0.4791 0.4782 25 San Angelo 0.4151 0.4263 26 Sherman-Denison 0.3892 0.3924
Micropolitan Texas 10.7780 10.5210 Total 100.0000 100.0000 Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
Note: Components may not add up to totals due to rounding.
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Contributions of Texas Metropolitan and Micropolitan Areas to Total Texas Employment Growth Rate
May MayRank Metropolitan Area 2014 2013
1 Houston-Sugar Land-Baytown 0.8339 0.92322 Dallas-Plano-Irving 0.7892 0.41473 Austin-Round Rock-San Marcos 0.2771 0.36694 Fort Worth-Arlington 0.2217 0.25295 San Antonio-New Braunfels 0.2118 0.23176 College Station-Bryan 0.0465 0.02117 Corpus Christi 0.0402 0.02768 El Paso 0.0393 0.02579 McAllen-Edinburg-Mission 0.0358 0.049710 Lubbock 0.0340 0.030311 Midland 0.0322 0.044112 Killeen-Temple-Fort Hood 0.0250 0.022113 Brownsville-Harlingen 0.0215 0.023014 Longview 0.0188 0.000915 Odessa 0.0188 0.012916 Victoria 0.0170 0.009217 Waco 0.0143 0.015618 Amarillo 0.0107 0.013819 Laredo 0.0107 0.031320 Sherman-Denison 0.0098 0.003721 Abilene 0.0098 0.009222 Tyler 0.0089 0.010123 Beaumont-Port Arthur 0.0080 -0.032224 San Angelo 0.0027 0.013825 Wichita Falls 0.0018 -0.010126 Texarkana -0.0036 -0.0101
Micropolitan Texas 0.6185 0.3742Total 3.3545 2.8753
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M UniversityNote: Components may not add up to totals due to rounding.
Table 7
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Table 8 Texas Metropolitan Areas Ranked by Unemployment Rate, May 2014 Unemployment Rate Rank Metropolitan Area Percent 1 Midland 2.6 2 Odessa 3.2 3 Amarillo 3.6 4 Lubbock 3.8 5 College Station-Bryan 3.9 6 San Angelo 4.0 7 Abilene 4.1 7 Victoria 4.1 7 Austin-Round Rock-San Marcos 4.1 10 Longview 4.5 11 Wichita Falls 4.7 11 San Antonio-New Braunfels 4.7 13 Corpus Christi 4.9 14 Waco 5.0 14 Houston-Sugar Land-Baytown 5.0 14 Fort Worth-Arlington 5.0 14 Sherman-Denison 5.0 Texas 5.1 18 Dallas-Plano-Irving 5.1 18 Tyler 5.1 20 Laredo 5.5 21 Killeen-Temple-Fort Hood 5.9 22 Texarkana 6.0 23 El Paso 7.0 24 Beaumont-Port Arthur 7.4 25 Brownsville-Harlingen 8.2 26 McAllen-Edinburg-Mission 8.6 Source: Texas Workforce Commission
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Figure 1
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2011 2012 2013 2014
TexasU.S.
Nonfarm Employment Growth R ates for United States and Texas2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 2
0
5
10
15
20
2011 2012 2013 2014
Texas Mining and L ogging IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 3
-2
0
2
4
6
2011 2012 2013 2014
Texas Transportation, Warehousing, and Utilities IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
12
Figure 4
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0
2
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6
8
2011 2012 2013 2014
Texas C onstruction IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 5
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0
2
4
6
2011 2012 2013 2014
Texas L eisure and Hospitality IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 6
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0
2
4
6
2011 2012 2013 2014
Texas Professional and Business Services IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
13
Figure 7
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2011 2012 2013 2014
Texas Trade IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 8
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2011 2012 2013 2014
Texas Information IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University. Figure 9
0
2
4
6
2011 2012 2013 2014
Texas Education and Health Services IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
14
Figure 10
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2011 2012 2013 2014
Texas F inancial A ctivities IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 11
-2
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2
4
6
2011 2012 2013 2014
Texas Other Services IndustryAnnual Employment Growth R ates, 2011–2014
Percent
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Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 12
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2
4
2011 2012 2013 2014
Texas Government SectorAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
15
Figure 13
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0
2
4
2011 2012 2013 2014
Texas Manufacturing IndustryAnnual Employment Growth R ates, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 14
15.0
15.5
16.0
16.5
17.0
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18.0
2011 2012 2013 2014
Texas Government SectorShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 15
15.6
15.8
16.0
16.2
16.4
2011 2012 2013 2014
Texas Trade IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
16
Figure 16
13.1
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13.3
13.4
13.5
2011 2012 2013 2014
Texas Education and Health Services IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 17
12.4
12.6
12.8
13.0
13.2
2011 2012 2013 2014
Texas Professional and Business Services IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 18
9.4
9.6
9.8
10.0
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10.6
2011 2012 2013 2014
Texas L eisure and Hospitality IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
17
Figure 19
7.6
7.7
7.8
7.9
8.0
8.1
2011 2012 2013 2014
Texas Manufacturing IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 20
6.00
6.05
6.10
6.15
6.20
2011 2012 2013 2014
Texas F inancial A ctivities IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 21
5.2
5.3
5.4
5.5
5.6
2011 2012 2013 2014
Texas C onstruction IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
18
Figure 22
4.05
4.10
4.15
4.20
4.25
4.30
2011 2012 2013 2014
Texas Transportation, Utilities, Warehousing IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 23
3.40
3.45
3.50
3.55
3.60
2011 2012 2013 2014
Texas Other Services IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 24
2.1
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2.3
2.4
2.5
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2011 2012 2013 2014
Texas Mining and L ogging IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
19
Figure 25
1.76
1.80
1.84
1.88
1.92
2011 2012 2013 2014
Texas Information IndustryShare of Total Texas Jobs, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 26
.3
.4
.5
.6
2011 2012 2013 2014
Texas Trade IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 27
.3
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.5
.6
.7
.8
2011 2012 2013 2014
Texas Professional and Business Services IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
20
Figure 28
.2
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.4
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2011 2012 2013 2014
Texas L eisure and Hospitality IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 29
.20
.25
.30
.35
.40
.45
2011 2012 2013 2014
Texas Education and Health Services IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 30
-.8
-.6
-.4
-.2
.0
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2011 2012 2013 2014
Texas Government SectorC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
21
Figure 31
-.2
-.1
.0
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2011 2012 2013 2014
Texas C onstruction IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 32
.08
.12
.16
.20
.24
2011 2012 2013 2014
Texas Transportation, Utilities, Warehousing IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 33
.0
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2011 2012 2013 2014
Texas Mining and L ogging IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
22
Figure 34
.08
.12
.16
.20
.24
2011 2012 2013 2014
Texas F inancial A ctivities IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 35
.0
.1
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2011 2012 2013 2014
Texas Manufacturing IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 36
.00
.04
.08
.12
.16
.20
2011 2012 2013 2014
Texas Other Services IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
23
Figure 37
-.04
-.02
.00
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.04
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2011 2012 2013 2014
Texas Information IndustryC ontribution to Texas Employment Growth R ate, 2011–2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 38
-4
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2
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6
2011 2012 2013 2014
College Station-‐Bryan Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 39
0
4
8
12
2011 2012 2013 2014
Midland Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
24
Figure 40
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2011 2012 2013 2014
Dallas-‐Plano-‐Irving Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 41
-2
0
2
4
6
2011 2012 2013 2014
Austin-‐Round Rock-‐San Marcos Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 42
-2
0
2
4
6
2011 2012 2013 2014
V ictoria Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
25
Figure 43
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2011 2012 2013 2014
Houston-‐Sugar L and-‐Baytown Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 44
0
4
8
12
2011 2012 2013 2014
Odessa Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 45
-1
0
1
2
3
4
5
2011 2012 2013 2014
L ubbock Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
26
Figure 46
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2011 2012 2013 2014
Fort Worth-‐A rlington Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 47
-2
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1
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2011 2012 2013 2014
San Antonio-‐New Braunfels Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 48
-1
0
1
2
3
4
2011 2012 2013 2014
Sherman-‐Denison Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
27
Figure 49
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2011 2012 2013 2014
Corpus C hristi Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 50
-1
0
1
2
3
2011 2012 2013 2014
K illeen-‐Temple-‐Fort Hood Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 51
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0
2
4
6
2011 2012 2013 2014
L ongview Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
28
Figure 52
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2011 2012 2013 2014
Brownsville-‐Harlingen Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 53
-2
0
2
4
6
2011 2012 2013 2014
McA llen-‐Edinburg-‐Mission Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 54
-1
0
1
2
3
2011 2012 2013 2014
Abilene Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
29
Figure 55
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2011 2012 2013 2014
E l Paso Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 56
-2
-1
0
1
2
2011 2012 2013 2014
Waco Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 57
-2
0
2
4
6
2011 2012 2013 2014
L aredo Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
30
Figure 58
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2011 2012 2013 2014
Amarillo Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 59
-1
0
1
2
3
4
2011 2012 2013 2014
Tyler Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 60
-2
-1
0
1
2
3
4
2011 2012 2013 2014
San Angelo Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
31
Figure 61
-4
-2
0
2
4
2011 2012 2013 2014
Beaumont-‐Port A rthur Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 62
-3
-2
-1
0
1
2
2011 2012 2013 2014
Wichita Falls Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 63
-4
-2
0
2
4
2011 2012 2013 2014
Texarkana Metro A reaAnnual Employment Growth R ates, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
32
Figure 64
24.4
24.5
24.6
24.7
24.8
24.9
25.0
2011 2012 2013 2014
Houston-‐Sugar L and-‐Baytown Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 65
19.2
19.3
19.4
19.5
19.6
2011 2012 2013 2014
Dallas-‐Plano-‐Irving Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 66
8.16
8.20
8.24
8.28
8.32
2011 2012 2013 2014
Fort Worth-‐A rlington Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
33
Figure 67
8.04
8.08
8.12
8.16
2011 2012 2013 2014
San Antonio-‐New Braunfels Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 68
7.4
7.5
7.6
7.7
7.8
2011 2012 2013 2014
Austin-‐Round Rock-‐San Marcos Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 69
2.50
2.55
2.60
2.65
2.70
2011 2012 2013 2014
E l Paso Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
34
Figure 70
2.00
2.04
2.08
2.12
2.16
2011 2012 2013 2014
McA llen-‐Edinburg-‐Mission Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 71
1.66
1.67
1.68
1.69
1.70
1.71
2011 2012 2013 2014
Corpus C hristi Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 72
1.36
1.40
1.44
1.48
1.52
1.56
2011 2012 2013 2014
Beaumont-‐Port A rthur Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
35
Figure 73
1.16
1.18
1.20
1.22
1.24
2011 2012 2013 2014
Brownsville-‐Harlingen Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 74
1.16
1.18
1.20
1.22
1.24
2011 2012 2013 2014
L ubbock Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 75
1.16
1.18
1.20
1.22
1.24
2011 2012 2013 2014
K illeen-‐Temple-‐Fort Hood Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
36
Figure 76
0.98
1.00
1.02
1.04
1.06
1.08
2011 2012 2013 2014
Amarillo Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 77
0.92
0.94
0.96
0.98
1.00
1.02
2011 2012 2013 2014
Waco Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 78
.86
.88
.90
.92
.94
2011 2012 2013 2014
College Station-‐Bryan Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
37
Figure 79
.88
.89
.90
.91
.92
.93
.94
2011 2012 2013 2014
L ongview Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 80
.83
.84
.85
.86
.87
.88
2011 2012 2013 2014
L aredo Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 81
.82
.84
.86
.88
.90
2011 2012 2013 2014
Tyler Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
38
Figure 82
.68
.70
.72
.74
.76
.78
2011 2012 2013 2014
Midland Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 83
.60
.62
.64
.66
.68
2011 2012 2013 2014
Odessa Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 84
.58
.59
.60
.61
.62
.63
2011 2012 2013 2014
Abilene Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
39
Figure 85
.48
.50
.52
.54
.56
.58
2011 2012 2013 2014
Wichita Falls Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 86
.46
.48
.50
.52
.54
.56
2011 2012 2013 2014
Texarkana Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 87
.476
.478
.480
.482
.484
.486
2011 2012 2013 2014
V ictoria Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
40
Figure 88
.412
.416
.420
.424
.428
.432
2011 2012 2013 2014
San Angelo Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 89
.385
.390
.395
.400
.405
.410
2011 2012 2013 2014
Sherman-‐Denison Metro A reaShare of Total Texas Jobs, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 90
0.4
0.6
0.8
1.0
1.2
2011 2012 2013 2014
Houston-‐Sugar L and-‐Baytown Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
41
Figure 91
.3
.4
.5
.6
.7
.8
2011 2012 2013 2014
Dallas-‐Plano-‐Irving Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 92
.20
.25
.30
.35
.40
2011 2012 2013 2014
Austin-‐Round Rock-‐San Marcos Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 93
.10
.15
.20
.25
.30
.35
2011 2012 2013 2014
Fort Worth-‐A rlington Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
42
Figure 94
.10
.15
.20
.25
.30
2011 2012 2013 2014
San Antonio-‐New Braunfels Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 95
-.04
-.02
.00
.02
.04
.06
2011 2012 2013 2014
College Station-‐Bryan Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 96
-.04
.00
.04
.08
2011 2012 2013 2014
Corpus C hristi Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
43
Figure 97
.00
.02
.04
.06
.08
2011 2012 2013 2014
E l Paso Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 98
.02
.04
.06
.08
.10
2011 2012 2013 2014
McA llen-‐Edinburg-‐Mission Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 99
-.01
.00
.01
.02
.03
.04
.05
2011 2012 2013 2014
L ubbock Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
44
Figure 100
.02
.03
.04
.05
.06
.07
2011 2012 2013 2014
Midland Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 101
-.01
.00
.01
.02
.03
2011 2012 2013 2014
K illeen-‐Temple-‐Fort Hood Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 102
.00
.01
.02
.03
.04
2011 2012 2013 2014
Brownsville-‐Harlingen Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
45
Figure 103
.00
.01
.02
.03
.04
2011 2012 2013 2014
L ongview Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 104
.00
.02
.04
.06
.08
2011 2012 2013 2014
Odessa Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 105
.004
.008
.012
.016
.020
.024
2011 2012 2013 2014
V ictoria Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
46
Figure 106
-.02
-.01
.00
.01
.02
2011 2012 2013 2014
Waco Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 107
-.02
-.01
.00
.01
.02
.03
.04
2011 2012 2013 2014
Amarillo Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 108
.01
.02
.03
.04
2011 2012 2013 2014
L aredo Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
47
Figure 109
-.005
.000
.005
.010
.015
2011 2012 2013 2014
Sherman-‐Denison Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 110
-.004
.000
.004
.008
.012
.016
2011 2012 2013 2014
Abilene Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 111
-.01
.00
.01
.02
.03
2011 2012 2013 2014
Tyler Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
48
Figure 112
-.06
-.04
-.02
.00
.02
.04
.06
2011 2012 2013 2014
Beaumont-‐Port A rthur Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 113
.000
.004
.008
.012
.016
2011 2012 2013 2014
San Angelo Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 114
-.015
-.010
-.005
.000
.005
.010
.015
2011 2012 2013 2014
Wichita Falls Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University
49
Figure 115
-.03
-.02
-.01
.00
.01
.02
2011 2012 2013 2014
Texarkana Metro A reaContribution to Texas Employment Growth R ate, 2011-‐2014
Percent
Y ear:Month
Sources: Texas Workforce Commission and Real Estate Center at Texas A&M University Figure 116
-0.8
-0.4
0.0
0.4
0.8
1.2
1.6
2.0
2.4
2.8
3.2
3.6
4.0
4.4
4.8
5.2
2 3 4 5 6 7 8 9
Unemployment Rate, May 2014, Percent
Empl
oym
ent G
row
th R
ate,
May
201
3 to
May
201
4, P
erce
nt
Texas Metropolitan Employment Growth R ates and Unemployment Growth R ates
Abilene
Amari l lo
A ustin-‐Round Rock-‐San Marcos
Beaumont-‐Port A rthur
Brownsville-‐Harl ingen
Col lege Station-‐Bryan
Corpus Christi
Dal las-‐P lano-‐Irving
E l Paso
Fort Worth-‐A rl ington
Houston-‐Sugar L and-‐Baytown
K i l leen-‐Temple-‐Fort Hood
L aredo
L ongview
L ubbock
McA llen-‐E dinburg-‐Mission
Midland
Odessa
San A ngelo
San A ntonio-‐New BraunfelsSherman-‐Denison
Texarkana
Tyler
Victoria
Waco
Wichita Fal ls
Texas
Texas