Houston County Courier - Local News
Stories Added - Thursday, May 22, 2008
Copyright 2008 - Polk County Publishing Company
Texas Unemployment Rate Returns to Record Low of 4.1 Percent
Houston County Courier - May 2008
The April statewide seasonally adjusted unemployment rate fell to 4.1 percent, down from 4.3 percent in March and 4.4 percent in April 2007, once again matching the record low.
The 4.1 percent April unemployment rate in Texas remains far below the U.S. unemployment rate of 5.0 percent. Seasonally adjusted nonagricultural employment in Texas grew by 15,400 jobs in April.
“Texas continues to outpace national trends with its record low unemployment rate,” said Texas Workforce Commission (TWC) Chairman Tom Pauken. “Texas employers now have added 262,000 jobs in the past 12 months.”
The Midland Metropolitan Statistical Area (MSA) experienced the lowest unemployment rate in the state at 2.4 percent (not seasonally adjusted).
The Amarillo and Odessa MSAs were second at 2.8 percent, followed by the Lubbock MSA at 3.0 percent.
Financial Activities gained 6,900 positions in April, which represent more than half the annual job growth of 12,700 for that sector. Leisure and Hospitality added another 4,200 jobs last month, for a total of 41,300 positions added in the past 12 months.
“Business in Texas continues to expand with an annual job growth rate of 2.5 percent,” said TWC Commissioner Representing Employers Ron Lehman. “Industries like Professional and Business Services and Natural Resources and Mining recorded annual growth rates of 5.0 percent or above.”
Construction increased by 3,000 jobs in April, for a gain of 23,200 jobs over the year. Education and Health Services grew by 2,800 positions this month, with 40,800 jobs added in the past 12 months.
“Texas workers are finding jobs across many industry sectors,” said TWC Commissioner Representing Labor Ronny Congleton. “Our record low unemployment rate gives job seekers many choices and more chances to find a job.”