Update on Texas Employment Picture

The Texas economy is cooling but continues to create more jobs. Texas gained 154,600 jobs from December 2007 to December 2008, while the U.S. economy lost more than 2.8 million jobs over the same period. The state's seasonally adjusted unemployment rate rose from 4.2 percent in December 2007 to 6 percent in December 2008; the U.S. rate rose from 4.9 percent to 7.2 percent during the same period.