Lubbock, Texas— The Lubbock Metropolitan Statistical Area (MSA)* ended the year in December 2013 with the addition of 3,800 total nonfarm jobs for an annual growth rate of 2.9%.
The Lubbock MSA unemployment rate continued to decrease from 4.5 to 4.3 percent over the last month. It remained below the national unemployment rate of 6.5 percent and the state’s rate of 5.6 percent.
Over the month, Trade, Transportation, and Utilities continued adding jobs in the Lubbock MSA with the addition of 400 jobs. The industry expanded 1,100 over the year, more jobs added than any other major industry in the area. The greatest percentage growth by any industry over the year was Professional and Business Services, reporting an annual change of 6.3 percent.
“It is a positive sign for our area’s economy that eight out of ten major industries added jobs over the year, and that our unemployment rates have continued to fall, and remain well below the state and national rates,” said Workforce Solutions South Plains CEO Martin Aguirre.
Texas industry growth rates reflect the Lubbock MSA area and reported Trade, Transportation, and Utilities expanded by 8,100 positions over the last month, more jobs added than any other major industry in Texas. This industry also added more jobs over the last year—68,200– than any other major industry, and had an annual growth rate of 3.1 percent.
“Our year certainly ended on a positive note, with private-sector employers adding 243,200 jobs over the year, and 18,900 jobs in December,” said TWC Commissioner Representing Employers Hope Andrade. “It is another positive sign that Texas is a top choice for business.”