Latest news with #TexasWorkforceCommission
Yahoo
2 days ago
- Business
- Yahoo
Texas Sets Jobs Record: Leads U.S. In Employment Growth
Texas added more jobs than any other state over the past 12 months, gaining 198,300 positions and setting new employment records, Gov. Greg Abbott announced. The June data shows 15.2 million Texans are now working—the highest number in state history. 'Thanks to the strength of the Texas economy, more Texans are working than ever before,' said Abbott. 'While we pause to celebrate job gains over the year, we also recognize the strength of Texans throughout this disaster and the outpouring of support from our fellow Americans over the last two weeks.' The state's labor force reached 15.85 million people in June, another record high. Unemployment dropped to 4.0%, according to data from the U.S. Bureau of Labor Statistics and Texas Workforce Commission. Texas job growth outpaced the national rate from June 2024 to June 2025. The gains span multiple sectors as businesses continue to relocate to and expand within the state. Meanwhile, Abbott's administration has launched disaster unemployment assistance for flood victims in designated areas. Affected residents can apply for benefits through September 4 by calling (800) 939-6631 or applying online. 'We stand with Texas communities as we work together to recover and rebuild,' Abbott said. Solve the daily Crossword
Yahoo
4 days ago
- Business
- Yahoo
Texas outpaces job growth nationwide, Gov. Abbott commends economy
AUSTIN (KFDX/KJTL) — Texas Governor Greg Abbott recognized Texas as the leader of annual job creation in the nation. Over the last 12 months, Texas has led the nation in job creation, with 198,300 nonfarm jobs added. Based on June data, Texas set new records with the number of Texans working and the size of the labor force in the state. 'Thanks to the strength of the Texas economy, more Texans are working than ever before,' said Governor Abbott. 'While we pause to celebrate job gains over the year, we also recognize the strength of Texans throughout this disaster and the outpouring of support from our fellow Americans over the last two weeks.' Data about June employment from the U.S. Bureau of Labor Statistics and the Texas Workforce Commission shows that: Texas reached a new high with the largest labor force ever in the state's history at 15,850,100. Texas reached a new high for Texans working, including self-employed, at 15,210,500. The unemployment rate in Texas dropped to 4.0% over the month of June. Texas added 198,300 nonfarm jobs from June 2024 to June 2025, more than any other state and growing at a faster annual rate than the nation as a whole. To see the stats for Texas cities, check out the report from the Texas Workforce Commission. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
29-05-2025
- Business
- Yahoo
Chevron Cuts Almost 800 from Workforce in Permian
Chevron is laying off some 800 employees at three Midland, Texas, facilities in the Permian Basin, effective July 15, according to documents filed with the Texas Workforce Commission (TWC). Reuters reported in February that the supermajor would reduce its global workforce by up to 20%—about 8,000 people—as part of an effort to cut costs, simplify its business and complete a major acquisition. Houston-based Chevron has faced production challenges including cost overruns and delays in a large Kazakhstan oilfield project. Its $53-billion deal to acquire oil producer Hess and gain a foothold in Guyana's lucrative oilfield is in limbo while a protracted court battle with rival Exxon Mobil plays out. A consolidation trend that swept the upstream space through the end of 2024 has resulted in several large layoff announcements in Texas. In October, Marathon Oil advised the TWC of its plan to cut more than 500 jobs once its merger with ConocoPhillips closes.
Epoch Times
19-05-2025
- Business
- Epoch Times
Texas Employment Numbers Hit Record High in April for 5th Consecutive Month
Texas's total nonfarm employment hit a record high last month following thousands of new job additions, the Texas Workforce Commission (TWC) said in a May 16 The state added 37,700 new positions in April, which took the total number of nonfarm jobs in Texas to 14.32 million. This was the fifth consecutive month of record-high jobs. Over the past year, 215.500 jobs have been added, with the state's annual nonfarm job growth rate exceeding the national rate. Total civilian labor force— 'The positive trends in the Texas labor market show the Lone Star State's efforts to invest in the success of the Texas economy,' said TWC Chairman Bryan Daniel. TWC's commissioner representing labor, Alberto Trevino III, attributed the growing demand for skilled workers across various industries to the state's 'strong focus on innovation and economic growth.' Related Stories 5/15/2025 5/14/2025 The services sector saw the largest number of employment additions, with 27,400 new jobs added in April from the previous month. This was followed by the professional and business services sector with 10,900 new jobs and the goods-producing industry with 10,300 jobs added. The unemployment rate in the state was 4.1 percent, the TWC statement said. In a May 16 'Businesses invest with confidence in Texas thanks to the Best Business Climate in America and our highly skilled and growing workforce. That is why Texas employers have added more than 2.5 million jobs since I became governor and why more Texans are working than ever before,' he said. 'But we will not be complacent. We will continue to advance pro-growth economic policies, invest in career training for high-demand occupations, and partner with Texas businesses and innovators to remain the Best State for Business and the best state for good-paying jobs over the next decade and beyond.' Delaware Exodus Texas's stellar job numbers come as the state stands to benefit from any potential The issue was highlighted by Simon Property Group, a Delaware corporation, in a March 21 filing with the Securities and Exchange Commission. Businesses incorporated in Delaware are facing an 'increasingly litigious environment,' which imposes significant financial and human resource costs on companies, it said. Delaware's corporate laws had come under intense criticism from industrialist Elon Musk last year after a court in the state blocked a $56 billion pay package from Tesla to him as CEO, despite approval by the board of directors. The court issued the decision based on a case filed by an individual who owned just nine shares in the company. Musk later shifted the incorporation of Tesla and SpaceX from Delaware to Texas. Last week, Abbot signed into law Senate Bill 29, a 'pro-growth' business legislation, his office Senate Bill 29 tackles the situation of courts overriding corporate decisions. The bill ensures that 'business decisions are made by Texas corporations, through their shareholders and elected boards, and not third-party activists,' the office of Texas state Sen. Bryan Hughes, who filed the bill, said in a Feb. 27 Abbott said the bill provides companies 'the certainty that sound business judgments made in the best interest of shareholders will not be second-guessed by courts.'
Yahoo
29-04-2025
- Business
- Yahoo
Texas named best state for business 21 years running in Chief Executive magazine ranking
Texas is still the top state for business, at least to some of the nation's CEOs. Chief Executive magazine has ranked Texas as the best state for business for the 21st year in a row. The ranking is determined from an annual survey of the nation's leading CEOs. Florida and Tennessee followed Texas respectively, with California ranking last. 'Texas is where entrepreneurs can cast a vision and know they can achieve it," Gov. Greg Abbott said in a Monday announcement. "The successful CEOs I meet with credit our business-friendly climate, highly skilled and diverse workforce and exceptional quality of life across every region of our great state as Texas' top advantages. We will continue to cut red tape and partner with job-creating businesses and innovators to build a stronger, more prosperous Texas for decades to come." Along with topping business ranking lists, Texas has also been leading the nation in job growth over the past several months. In March, Texas saw a new high with the largest labor force in the state's history at 15,778,500, according to data from the U.S. Bureau of Labor Statistics and the Texas Workforce Commission. Texas' economy also outpaced the nation in the fourth quarter of 2024. Texas' real gross domestic product (GDP) grew at an annual rate of 3.5% in the fourth quarter of 2024, compared to the U.S. average of 2.4%. GDP represents the total value of all goods and services produced within the state over a specific period. Last week, Abbott signed Senate Bill 14, known as Texas DOGE, into law. The bill created the Texas Regulatory Efficiency Office, building on recommendations from the Governor's Small Business Freedom Council to cut regulations and make stricter standards on new regulations. This article originally appeared on Austin American-Statesman: Texas once again ranked best for business by Chief Executive magazine
