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SMBeat also reports good news for the construction industry in Texas. Bolstered by the Barnett Shale gas boom across the state, construction jobs in Texas saw a 6.68% increase. The impact will help Texas in the future, as this boom is expected to result in multiple decades of growth in the industry[1]. Already, the housing market in North Texas surged in April with a 30% increase in sales. This marks one of the largest percentage increases on record for the area since 1998. [2]

In employment news across the U.S., May numbers show that Colorado and New York experienced the lowest unemployment rates since the Great Recession of 2007-2009. New York's unemployment rate went down to 7.8%, the lowest rate since March 2009[3]. At the same time, Colorado employment increased by 54,700 jobs while the number of unemployed residents in the state decreased by 32,600 and the Centennial State experienced strong month-over-month gains[4]. Across the U.S., overall hiring rates for TriNet companies marginally outpaced terminations, which contracted to 1.45% while new hires increased by 2.1%.