AQUA BOOK 2016 - Page 11

DIVERGING REGIONAL DEVELOPMENTS Employment Growth Comparison (Year-over-Year % Change) South Texas 4% Texas U.S. 2% Jan Feb Mar Apr May Jun -1% | 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec | 2015 Source: TAMU Real Estate Center. Despite the expected slowdown in employment growth, Texas’s statewide unemployment rate remained below 5 percent toward the end of 2015. A much more diversified economy, due largely to rapid growth in the information and health care industries, has been credited for the resilience of the state economy to an imminent meltdown. The calculated efforts to promote economic diversification mean that energy-sector pull-backs have different impacts than in H NN ˂