Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Industrial  | 

Perryman: Manufacturing is a Cornerstone of the Texas Economy

Over the past year, approximately 37,200 net new jobs were added in the Texas manufacturing businesses, according to the U.S. Bureau of Labor Statistics. That is, according to economist Ray Perryman, approximately one out of seven new positions added in the state from September 2016-September 2017. As such, he went on to note in a recent report, “manufacturing is a cornerstone of the Texas economy, employing more than 7% of Texans, paying high wages, and producing hundreds of billions in goods for export each year.”

Interestingly enough, Texas’ expansion in manufacturing was the highest in the nation when it comes to job numbers. Not only did it have the largest year-over-year increase, it also had the fastest rate of growth at 4.4%. Top products manufactured and exported in 2016 included petroleum products, aircraft engines and parts, computer-related products and various chemicals.


Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Connect

Inside The Story

Read More at The Perryman Group

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

Step 1: Select Education
  • ◦Economy
New call-to-action
LeeAssociates-27-cube