The Lone Star State continues to shine in the realm of job growth, with Governor Greg Abbott reveling in the latest employment figures. In a statement recently published by the Office of the Governor, Abbott boasts of Texas leading all states in annual job creation for the year ending in June 2024. It's a pattern of economic fortitude that's become synonymous with the state's current administration.
According to the June employment data, which the U.S. Bureau of Labor Statistics and the Texas Workforce Commission have released, Texas broke new records with its labor force reaching the largest size at 15,311,500. In the same breath of blazoning these figures, the number of working Texans, including self-employed individuals, has also peaked at an unprecedented 14,694,500. As businesses and entrepreneurs continue voting with their feet, the state's boasted "Best Business Climate in America" is seemingly paying dividends in the form of new jobs and economic opportunities.
In the span of a year, from June 2023 to June this year, Texas impressively added 267,400 non-farm jobs, outpacing any other state, and maintaining a growth rate that overshadows national statistics. Governor Abbott, marking the significance of this growth, emphasized his contribution by noting that during his time in office, Texas has welcomed close to 2.4 million jobs.
Furthermore, Texas' efforts in securing economic development are not going unnoticed on a national level. With a nod to the state's effectiveness in drawing in high-value projects, Texas received a Gold Shovel Award handed out by Area Development magazine. After attracting economic development projects that promise to create a significant volume of new jobs, Abbott joyously communicates this accolade as putting a fine point on Texas' economic competitiveness and its supposed long-term prosperity.
