Texas Economic Development & Tourism Office
Menu

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%. (Texas Workforce Commission, June)
  • Texas added 198,300 nonfarm jobs from June 2024 to June 2025, more than any other state and growing at a faster annual rate than the nation as a whole. (U.S. Bureau of Labor Statistics)
  • Texas reached a new historic high with the largest labor force ever in the state’s history at 15,850,100. (U.S. Bureau of Labor Statistics, June)
  • Texas reached a new historic high for Texans working, including self-employed, at 15,193,300. (U.S. Bureau of Labor Statistics, June)
  • In June, there were 18 new project locations announced in areas across Texas by various news sources. The projects are expected to create $1.1 billion in capital investment and 2,245 new jobs. (EDT Research)
  • State sales tax revenue for June totaled $4 billion, an increase of 2.5% from the same month last year. (Texas Comptroller of Public Accounts)
  • In May, Texas exports totaled $36.3 billion. (USA Trade)
  • The Texas economy is the eighth-largest when compared to nations of the world and is now valued at $2.6 trillion, based on GDP for 2023 (up from $2.4 trillion in 2022). (Bureau of Economic Analysis)