DIVERGING REGIONAL DEVELOPMENTS
Employment Growth Comparison
(Year-over-Year % Change)
South Texas
4%
Texas
U.S.
2%
Jan Feb Mar Apr May Jun
-1%
| 2014
Jul
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Jul
Aug Sep Oct Nov Dec
| 2015
Source: TAMU Real Estate Center.
Despite the expected slowdown in employment growth, Texas’s statewide
unemployment rate remained below 5 percent toward the end of 2015. A much more
diversified economy, due largely to rapid growth in the information and health care
industries, has been credited for the resilience of the state economy to an imminent
meltdown. The calculated efforts to promote economic diversification mean that
energy-sector pull-backs have different impacts than in H NN ˂