Once again, there is good economic news drom Texas. The latest information about the Texas economy is available from the Dallas Morning News: (http://www.dallasnews.com/sharedcontent/dws/bus/stories/082005dntexjobless.8bc562ff.html)
"The manufacturing sector was responsible for the largest share of July's employment increase, adding 3,300 jobs that month.
The leisure and hospitality sector added 2,900 jobs, and the trade, transportation and utilities sector added 2,200 jobs in July. That extending five straight months of employment growth in that sector, which has added 18,400 jobs since July 2004.
Employment in education and health services added 400 jobs in July, while employment in financial activities added 700 jobs.
Employment in construction added 900 jobs over the month, as did the natural resources and mining sector.
Government was the only sector to shrink, losing 6,200 jobs in July."
One bad note is that the border areas are behind in job creation.
Dallas/Ft Worth, Houston and San Antonio, the so called triangle that includes Austin/Round Rock, has an unemployment rate of about 5%. This is the vibrant section of the Texas economy!
The border cities, from El Paso to Brownsville are stuck in 7%. This is another sign that the US Mexico border is in trouble. Mexico's maquiladora industry is not growing as fast as it did in the past.
Overall, it is a good report.
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