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Monthly Review of the Texas Economy
August 2008

By Ali Anari and Mark G. Dotzour

Texas' nonfarm employment rose 2.4 percent from August 2007 to August 2008, up from 2.3 percent for the period July 2007 to July 2008. The uptick may signal that the employment downturn is over. But the nation's economy is still losing jobs. Nonfarm employment for the United States decreased by 0.1 percent from August 2007 to August 2008. The state's seasonally adjusted unemployment rate rose from 4.3 percent in August 2007 to 4.7 percent in August 2008. Over the same period, the U.S. seasonally adjusted unemployment rate rose from 4.7 percent to 5.7 percent.

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