Texas under Gov. Abbott continues to thrive with record-breaking employment growth and labor force participation
Austin, Texas – Texas has once again shown great economic resilience by surpassing the national average in yearly job growth, therefore proving its strong employment market. The Texas Workforce Commission’s most recent September data shows that the state added an amazing 327,400 nonfarm jobs over the past year, therefore attesting to the continuous economic prosperity of the state.
In a statement, Governor Greg Abbott underlined the unmatched strength of the Texas economy by emphasizing the record-setting numbers covering the whole number of jobs, the number of Texans working, and the general size of the labor force of the state.
“Texas stands as a model for the nation: jobs are growing here, families are growing here, and opportunity is growing here,” Governor Abbott said. He credited this accomplishment to the state’s dedication to create an atmosphere fit for education, business development, and innovation.
September’s data show that Texas’s labor force peaked at 15,449,900, a new high. Likewise, the record 14,819,800 count of employed Texans—including self-employed individuals—rose too. With 29,200 nonfarm jobs added in September alone, the overall employment figure likewise reached a new high of 14,289, 900.
These successes fit a broader general pattern under Governor Abbott’s direction whereby Texas has added about 2.4 million jobs. The Governor underlined that these data reflect actual growth and opportunities for Texans, not only statistics.
“More Texans are working than ever before in the history of our great state, and we will continue to expand that job growth through our business-friendly policies, low taxes, and strategic investments in innovation and education. Together, we will build a bigger, better Texas for all,” he stated.
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Governor Abbott also unveiled the Texas Small Business Credit Initiative Program earlier in the week, which would grant loans to small businesses (less than 500 employees) and very small companies (fewer than 10 employees). By helping smaller businesses, often the backbone of the local economy, this program seeks to increase job development across the state.
The Texas Micro-Business Disaster Recovery Loan Program, which provides financial assistance through Community Development Financial Institutions to micro-businesses (less than 20 employees) impacted by disasters, was also started by the Governor recently. This is a component of a larger plan to guarantee Texas not only leads in job creation but also in economic recovery and resilience.
Texas continues to be a lighthouse of economic stability and opportunity in the United States as it sets benchmarks in employment and corporate growth. Texas is a desirable model of economic success for other states to copy since the state’s proactive policies in helping companies and strategic investments in workforce training and education help to continue and improve this growth path.
