TWC Labor Market Information Total Nonagricultural Jobs Highlights • Following a revised in- crease of 4,600 in January 2024, Private Education and Health Services employment grew by 9,300 jobs over the month of February. • Construction employment rebounded from a revised January decline, with 7,800 positions added in February to reach a new series high level of 844,800 jobs. • Professional and Business Services employment experienced a third series high in four months, with 11,900 positions added in February. Industry Feb 2024 Monthly Change Annual Change Annual % Change Total Nonagricultural 14,103,700 49,800 291,400 2.1 Total Private 12,016,000 45,700 225,900 1.9 Goods Producing 2,025,400 13,300 50,500 2.6 Mining and Logging 209,100 200 -4,600 -2.2 Construction 844,800 7,800 32,200 4.0 Manufacturing 971,500 5,300 22,900 2.4 Service Providing 12,078,300 36,500 240,900 2.0 Trade, Transportation, and Utilities 2,766,700 -2,900 18,600 0.7 Information 233,200 800 -4,200 -1.8 Financial Activities 916,400 4,300 16,500 1.8 Professional and Business Services 2,144,100 11,900 24,900 1.2 Private Education & Health Services 1,935,600 9,300 64,900 3.5 Leisure and Hospitality 1,505,900 7,700 33,200 2.3 Other Services 488,700 1,300 21,500 4.6 Government 2,087,700 4,100 65,500 3.2 Total Nonfarm employment increased by 49,800 jobs in February which marked the strongest monthly gain since January 2023. With this increase the job count reached a series high in 28 of the last 29 months including 14,103,700 positions for the month. Since February 2023, employment expanded by 291,400 positions, with the private sector contributing 225,900. The Total Nonfarm annual growth rate ticked up two-tenths of a point from January, reaching 2.1 percent in February. Nine of 11 major industries grew over the year, while seven achieved series employment highs. CURRENT EMPLOYMENT STATISTICS Statewide Industry Employment (Seasonally Adjusted) 33 DEALERS’ CHOICE
RkJQdWJsaXNoZXIy MTg3NDExNQ==