Texas unemployment rate falls to record low

The economy in Texas continued to sizzle as the state’s seasonally adjusted unemployment rate fell to a record low 3.8 percent in August, the government reported on Friday.

Texas added 15,600 jobs jobs in September, while annual employment growth for the state last month was 3.3 percent. The state has recorded annual growth 27 consecutive months, according to the Texas Workforce Commission.

Jobs related to financial activities led all industries and rose by 5,800 positions over the month. The high-paying energy sector, which includes mining, continued to increase, adding 2,600 new jobs in the month as the industry still recovers from a downturn that began in late 2014.

Construction boosted jobs by 3,000 in September. Professional and business services added 2,500 jobs while trade, transportation and utilities added 2,100.

Four sectors reported job losses last month: Education and health services fell by 1,900; government dropped by 1,100; information-related posts ebbed by 600; and leisure and hospitality by 200.

Over the past year, Texas added 402,500 jobs.