The Texas unemployment rate has never been lower than it is right now, News Radio 1200 reports.
The seasonally adjusted unemployment rate for November, accounted today by the Texas Workforce Commission, fell to 3.8%, beating the previous record low that was set in the late 1970s, in the middle of the oil boom.
Private sector employers added 52,000 jobs in November, and have accounted for the addition of 294,000 jobs in Texas over the past year.Nine of the eleven major industries showed increased growth in November.T
he metro San Antonio unemployment rate is even lower, an even 3.0%, compared with 3.7% in November of 2016.
The only job categories which did not see job increases in November were 'information' and 'other services.'
The strongest job growth is in construction, with strong gains in oil and gas, professional and business services, and leisure and hospitality.
"Today's announcement of our record low unemployment rate is further proof that the Texas model of low taxes and reasonable regulations is working better than ever," said Governor Abbott. "This record of 3.8 percent is also a testament to our diverse and talented workforce that is attracting new businesses to the state every day and driving our booming economy. Economic prosperity is not an accident. I will continue to implement policies that grow our economy by improving education, cutting taxes and regulations to create even more jobs and increasing workforce participation as we broaden the path to opportunity for all Texans."