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Texas Economic Snapshot

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

  • Texas unemployment rate is 4.3%. (Texas Workforce Commission, April 2022)
  • Texas added 62,800 nonagricultural jobs in April, setting a new employment high for the sixth consecutive month. (Texas Workforce Commission)
  • Texas job recovery rate since peak pandemic impact is 120%. (EDT Analysis, April 2022)
  • The Texas workforce is 14.4 million. (U.S. Bureau of Labor Statistics, April 2022)
  • Texas manufacturing activity expanded at a moderate pace in April. (Federal Reserve Bank of Dallas)
  • Activity in the Texas service sector decelerated in April, but labor market indicators point to steady growth in hiring relative to March. (Federal Reserve Bank of Dallas)
  • Texas retail sales declined in April, but labor market indicators signaled continued growth. (Federal Reserve Bank of Dallas)
  • In March, there were more than 38 new project locations announced in areas across Texas by various news sources. The projects are expected to create $7.6 billion in capital investment and 3,410 new jobs. (EDT Research)
  • Unemployment claims continue to decline. The week ending April 30 saw 12,280 claims filed in Texas. (Texas Workforce Commission)
  • State sales tax revenue for April totaled $3.83 billion, up 12.8% compared to the same month last year. (Texas Comptroller of Public Accounts)
  • In March 2022, Texas exports totaled approximately $42.1 billion, a 49% increase over the same month last year. (USA Trade)
  • Hotel roomnights sold in March 2022 exceeded pre-pandemic levels. Growing demand and increasing average daily rates are driving revenue. (Travel Texas Research)
  • Travelers to and within Texas spent an estimated $76.6 billion in 2021. (Travel Texas Research)