Texas unemployment is down

The economic picture for Texas looks crystal clear as a new report said unemployment for the Lone Star State is at a five-year low.

The U.S. Bureau of Labor Statistics said Texas added 28,700 jobs in November. This gain in employment has decreased the state's unemployment rate to 6.1 percent. The end of 2013 showed to be an impressive time for Texas as the job growth for October 2013 was revised from 7,400 to 13,800.

Few states saw unemployment decrease
Texas is one of only seven states, along with Washington, D.C., that saw a decline in unemployment in November. Gov. Rick Perry said in a statement this is good news for the state and should carry over into 2014.

"What all these great unemployment statistics really add up to – our lowest unemployment rate in nearly five years, a declining unemployment rate for four consecutive months and more than a quarter-million jobs added since this time last year – is that Texas is creating jobs and opportunity," Perry said. "We've been the national epicenter for all kinds of job creation for over a decade, and all indications are that won't change anytime soon."

Large job additions in several industries
Four major industries saw job growth during Nove
mber. Retail and transportation, government, manufacturing and professional and business services, all saw a major amount of growth over the month. Michael T. Wolf, an economist for Wells Fargo, said in an interview with the Dallas Morning News that revenue is up across the entire state thanks to consumer confidence and an increase in income. Companies for these growing industries can use manufacturing recruiters to help them fill jobs as they become open.

Although several industries saw job growth in November, a few areas actually saw a slight decrease. Leisure and hospitality, education and health services and the service industry all notched job losses in November. The oil and gas industry also posted job losses for November, but this particular field added 13,700 jobs over the past year. This major job growth rocketed the industry to the second-biggest economic contributor for Texas. 

State unemployment rate lower than nation's
The unemployment rate of 6.1 percent is lower than the nation's unemployment rate for November, which came in at 7 percent. Among the different cities of Texas, the area of McAllen-Edinburg-Mission had the highest rate of 10.3 percent, Midland had the lowest rate at 2.9 percent, while Houston recorded an unemployment rate of 5.6 percent, the Houston Business Journal stated.