TWC Labor Market Information 2 Total Nonagricultural Jobs Highlights • Leisure and Hospitality employment reached a new series high level in August with a monthly gain of 15,500 jobs, the largest monthly gain seen in the series since January 2023. • Construction employment rebounded from a revised July decline of 700 jobs with 8,300 positions added. • Employment in Private Education and Health Services reached a new series high as the 7,900 jobs added more than outweighed the revised drop of 5,600 in July. Industry Aug 2024 Monthly Change Annual Change Annual % Change Total Nonagricultural 14,239,200 78,000 302,400 2.2 Total Private 12,128,800 71,600 251,400 2.1 Goods Producing 2,052,900 15,800 56,100 2.8 Mining and Logging 209,500 800 -4,400 -2.1 Construction 860,900 8,300 36,600 4.4 Manufacturing 982,500 6,700 23,900 2.5 Service Providing 12,186,300 62,200 246,300 2.1 Trade, Transportation, and Utilities 2,796,200 9,600 30,800 1.1 Information 235,300 1,200 2,300 1.0 Financial Activities 927,100 7,200 21,300 2.4 Professional and Business Services 2,141,800 12,700 23,600 1.1 Private Education & Health Services 1,955,300 7,900 56,800 3.0 Leisure and Hospitality 1,527,600 15,500 43,000 2.9 Other Services 492,600 1,700 17,500 3.7 Government 2,110,400 6,400 51,000 2.5 Total Nonfarm employment easily erased monthly job losses in June and July with the addition of 78,000 positions in August. This gain brought the series to a recordhigh level of 14,239,200 and boosted the annual growth rate to 2.2 percent. Monthly growth was largely driven by gains in the Total Private sector, which posted an increase of 71,600 jobs in August and also reached a new record employment level. All 11 major industries added jobs over the month, and 10 major industries grew over the year. Six private industries achieved new series highs in August. CURRENT EMPLOYMENT STATISTICS Statewide Industry Employment (Seasonally Adjusted) DEALERS’ CHOICE 36
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