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Texas Economic Snapshot

Texas continues to be a global economic force and remains one of the strongest and most diverse economies in the nation. Below is a snapshot of the state's economic status:

  • The Texas unemployment rate is 4.1%. (Texas Workforce Commission, September)
  • Texas gained 168,000 jobs from September 2024 to September 2025, leading all states and outpacing the national annual job growth rate by 0.4%. (Texas Workforce Commission, August)
  • Texas reached a new high with the largest labor force ever in the state’s history at 15,879,000. (Texas Workforce Commission, September)
  • Texas reached a new high for Texans working, including self-employed, at 15,222,900. (Texas Workforce Commission, September)
  • Texas reached a new high for nonfarm jobs at 14,343,800 after adding 4,600 positions over the month. (Texas Workforce Commission, September)
  • In November, there were 23 new project locations announced in areas across Texas by various news sources. The projects are expected to create more than $40 billion in capital investment and 1,946 new jobs. (EDT Research)
  • State sales tax revenue for November totaled $4.5 billion, an increase of 5.4% from the same month last year. (Texas Comptroller of Public Accounts)
  • In September 2025, Texas exports totaled more than $36 billion, up .2% from the same period last year. (USA Trade)
  • The Texas economy expanded to $2.77 trillion in 2024 based on current-dollar 2024 GDP, up from $2.64 trillion in 2023. (U.S. Bureau of Economic Analysis)
  • The Texas economy expanded faster than the nation as a whole in 2024, at 3.95% for Texas and 2.79% for the U.S. (U.S. Bureau of Economic Analysis)