Texas Job Growth Outpaces Nation with Record 284,200 New Jobs

Texas continues dominating the national employment landscape, adding 284,200 jobs in 2024 while maintaining a 2.0% annual growth rate—exceeding the national average by 0.6 percentage points. This exceptional performance signals robust opportunities for real estate professionals as population and workforce expansion drive housing demand.

Energy Sector Powers Employment Surge

The energy industry remains Texas's employment cornerstone, supporting 480,460 direct jobs and 2.8 million total positions. Q3 2024 data reveals direct employment reached 498,238 jobs with workers earning a record $14.5 billion quarterly. Energy sector growth directly impacts luxury real estate markets in Houston and Midland-Odessa regions.

Healthcare and Education Drive Urban Expansion

Private education and health services emerged as the fastest-growing sector, adding 5,900 jobs in November 2024 alone. Healthcare positions accounted for one-fifth of the 240,000 jobs created between 2020-2024, concentrating around major medical centers and creating prime residential development opportunities.

Record Labor Force Creates Housing Demand

Texas's civilian labor force hit an unprecedented 15,814,400 in April 2025—the 58th record in 60 months. Population growth of 473,000 residents in 2023 directly correlates with expanding workforce numbers, reaching 30.5 million total residents.

Action Steps for Real Estate Professionals

• Target marketing efforts near energy corridors and medical districts

• Prepare for increased housing demand in job-growth hotspots

• Position listings highlighting proximity to major employment centers

With Texas adding 445,300 people to its workforce in 2024 and maintaining consistent employment expansion, real estate professionals should anticipate sustained housing demand across all market segments, particularly in energy and healthcare employment hubs.