OIL, GAS PRODUCTION FUELING JOB GROWTH ……..

Continued activity in the oil & gas industry made the state’s mining & logging industry 1st in job creation in June, according to the Real Estate Center’s MONTHLY REVIEW OF THE TEXAS ECONOMY.   The leisure & hospitality industry & the other services ranked 2nd & 3rd.  Nearby Texarkana ranked 3rd in new job creation.  The Texas economy gained 2.2% compared with 1.3% for the U. S. from June 2011 to June 2012.  The state’s private sector had a growth rate of 3.2%  compared with 1.8% for the nation’s private sector.  All Texas industries except the information industry had more jobs, but the state’s government sector continues to lose jobs.