Monday, December 24, 2012
Texas unemployment falls to 6.2 percent, its lowest since 2008
Almost all sectors are in the black over the last 12 months.
In November, for the third month in a row, the Texas unemployment rate dropped, falling to its lowest level since December 2008.
Unemployment fell to 6.2 percent last month, a 0.4 percentage point drop from October. Texas employers added 22,100 jobs last month, bringing the state's overall total to 278,800 jobs added for the year.
"Private sector employers continue to lead the way to growth and prosperity in Texas," Texas Workforce Commissioner Tom Pauken said in a press release. "We've seen 266,400 private sector jobs added in Texas over the past year."
Texas' unemployment rate continues to be lower than the national rate, which fell only 0.2 percentage points from October to November, to 7.7 percent.
The biggest contributor to the drop in unemployment came from growth in the trade, transportation and utility sector, which added 20,600 jobs in everything from retail to the transportation of goods.
On the other side of the spectrum, outside the mining and logging sector, the goods production industry saw some of the largest drops in jobs in Texas in November, with the construction sector losing 8,300 jobs and the manufacturing sector dropping 6,900 jobs, a 1.4 percent and 0.8 percent drop, respectively.
Even with the holiday season job churn, almost all sectors are in the black over the last 12 months.
“Texas employers have added 278,800 jobs over the past 12 months with growth in 10 of 11 industry sectors," Texas Workforce Commission Chairman Andrews Alcantar said in a press release. Only the information sector, which includes jobs in the publishing, motion picture and broadcasting industries, has seen a drop, losing 3,400 jobs, or 1.7 percent, since November 2011.
According to the press release, the Midland Metropolitan Statistical Area, a representation of Midland and the surrounding area, had the lowest November unemployment, dropping 0.2 percentage points from October to November to 3 percent. Behind Midland, Odessa came in second at 3.6 percent, and Amarillo in third at 4.1 percent.
The Brownsville-Harlingen area, meanwhile, had the worst unemployment rate in the state during November, at 9.7 percent. Next was the McAllen-Edinburg-Mission area at 9.6 percent, then the Beaumont-Port Arthur area, at 9.2 percent.
Pegasus News Content partner - The Texas Tribune