Polk County Enterprise - Local News
Stories Added - July 2008
Copyright 2008 - Polk County Publishing Company
Unemployment rises in Polk County by .6 %
Polk County Enterprise - July 2008
LIVINGSTON — Unemployment rates in Polk County rose in June from 5.8 percent to 6.4 percent, countering the overall statewide drop of 4.4 percent. However, the rate is not seasonally adjusted and compared to unemployment numbers in June 2007, the rate is only .2 percent higher than the previous year. Polk County saw its unemployed numbers rise from 962 in May 2008 to 1,071 for the month of June. Texas’ seasonally adjusted nonagricultural employment grew by 47,700 jobs in June. Texas employers now have added 245,000 jobs in the past 12 months, for an annual job growth rate of 2.4 percent, compared with a fl at annual job growth rate nationally.
The Texas unemployment rate fell slightly to 4.4 percent in June from 4.5 percent in May, up from 4.3 percent in June 2007. The U.S. seasonally adjusted unemployment rate remained unchanged at 5.5 percent in June, up from 4.6 percent a year ago. “We remain cautiously optimistic as Texas continues to add jobs despite slowing national trends,” said Texas Workforce Commission (TWC) Chairman Tom Pauken. “It is encouraging to note job gains are broad-based across nearly all industries from construction to financial services to leisure and hospitality.”
The Midland Metropolitan Statistical Area (MSA) experienced the lowest unemployment rate in the state at 3.1 percent (not seasonally adjusted). The Amarillo MSA was second at 3.6 percent, followed by the Odessa MSA at 3.7 percent. Professional and Business Services added 10,700 jobs in June, for an industry gain of 66,800 positions in the past year. Trade, Transportation, and Utilities tripled the five- and 10-year averages for growth, adding 8,400 jobs in June. In the past 12 months, the industry has gained 42,900 positions.
“Texas employers continue to show strong performance, countering tough economic conditions on the national front,” said TWC Commissioner Representing Employers Ron Lehman. “The addition of nearly 48,000 jobs in June is the second largest monthly job gain since July 2005.” For the 17th consecutive month, Education and Health Services saw gains, increasing by 7,000 jobs in June, with 38,500 positions added over the year. Leisure and Hospitality gained 4,400 jobs this month, with 38,700 positions added since June 2007. “Texas still offers good prospects for those seeking work, particularly in the many industries with positive job growth,” said TWC Commissioner Representing Labor Ronny Congleton. Strong growth rates in several goods-producing sectors included Natural Resources and Mining and Construction at 6.8 percent and 3.4 percent, respectively. In June, Construction gained 2,200 jobs, and Natural Resources and Mining increased by 1,600 positions.
The Texas Workforce Commission is a state agency dedicated to helping Texas employers, workers and communities prosper economically. For details on TWC and the services it offers in unison with its network of local workforce development boards, call (512) 463- 8556 or visit