News Summary
Texas is experiencing significant economic growth, with a forecasted job market boom leading into 2029. Major cities like Houston, Dallas, and Austin are set to receive a substantial share of new employment opportunities. Along with large metropolitan growth, smaller regions are also witnessing job increases, contributing to a robust labor force. Noteworthy sectors like trade and hospitality are driving this trend, positioning Texas as a prime location for job seekers seeking dynamic career opportunities.
Texas is experiencing a remarkable surge in its job market, with projections indicating that the state’s economic growth will significantly outpace the national averages through 2029. Forecasters anticipate that Texas will add more than 1.6 million new jobs, highlighting the strength and resilience of its economy.
Job creation is expected to be primarily concentrated in larger metropolitan areas, where approximately 46% of new positions will emerge. Notably, the greater Houston and Dallas areas are poised for substantial job increases, while the greater Austin area is forecast to lead the state with an annual job growth rate of 2.09%.
Metropolitan Growth Projections
The Austin-Round Rock-Georgetown metropolitan statistical area (MSA) is expected to create around 150,300 wage and salary jobs over the next five years. The Dallas-Plano-Irving economy is anticipated to gain 322,400 jobs through 2029, reflecting a strong labor market in that region. Likewise, the Fort Worth-Arlington-Grapevine area is projected to see an addition of 121,800 new jobs during the same timeframe.
In the Houston-The Woodlands-Sugar Land MSA, an estimated 355,900 new jobs are forecasted over the next five years, making it one of the most vibrant job markets in the state. The San Antonio-New Braunfels area is also expected to benefit from job growth, with an addition of approximately 123,700 wage and salary jobs.
Job Growth Across Regions
Texas’s job growth is not limited to urban centers. Smaller metro areas like Midland, Brownsville-Harlingen, and Tyler are anticipated to see significant increases as well. Midland, noted for its strong economy, is predicted to have a lower unemployment rate of only 3%. Meanwhile, the McAllen-Edinburg-Mission economy is likely to add 30,000 jobs despite facing regional challenges.
Additionally, El Paso is projected to create 34,700 net new positions, showing expansion across various industries. The contributions of the private education and health services sectors have been significant, with an addition of 6,900 jobs over the last year.
Recent Labor Market Indicators
Recent data from Texas indicates that the state reached an all-time high of 14.3 million jobs after adding 28,100 positions in May alone. This increase starkly contrasts with the national job growth, which saw only a 1.1% rise during the same period. The civilian labor force in Texas expanded to a record of 15,850,100 individuals, driving the unemployment rate down to the current 4%.
Sectors leading the charge in job creation include trade, transportation, and utilities, which saw an increase of 8,400 new jobs, along with the leisure and hospitality sector contributing an additional 8,200 jobs during the month of May. Regions such as San Antonio and Austin have shown strength in this sector, with job increases of 2,400 and 3,700 respectively.
Looking Ahead
Forecasts suggest that from June 2024 to June 2025, Texas will experience a growth of 198,300 non-farm jobs, further asserting its position as a leader in economic recovery and job growth compared to national trends. The diverse economy, driven by both industry advancements and a robust labor market, is expected to continue flourishing for years to come.
Governor Greg Abbott has underscored the importance of supporting the strengthened Texas economy, particularly as the state provides disaster assistance to those affected by recent floods.
Deeper Dive: News & Info About This Topic
- Austin American-Statesman
- Wikipedia: Texas
- Houston Chronicle
- Google Search: Texas job market 2025
- The Center Square
- Google Scholar: Texas economy
- Hoodline
- Encyclopedia Britannica: Texas economy
- Axios
- Google News: Texas job growth
Author: STAFF HERE GEORGETOWN
The GEORGETOWN STAFF WRITER represents the experienced team at HEREgeorgetown.com, your go-to source for actionable local news and information in Georgetown, Williamson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Red Poppy Festival, Georgetown Swirl, and Christmas Stroll. Our coverage extends to key organizations like the Georgetown Chamber of Commerce and the Downtown Georgetown Association, plus leading businesses in manufacturing and tourism that power the local economy such as local wineries and historic downtown shops. As part of the broader HERE network, including HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, HEREgeorgetown.com, and HEREsanantonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
