|Polk County Enterprise - Local News
Copyright 2013 - Polk County Publishing Company
County jobless rate falls to 7.9 percent
LIVINGSTON – After posting two months of increases, Polk County's unemployment rate fell by four tenths of a percentage point during August. According to the most recent fi gures posted by the Texas Workforce Commission (TWC), the county's jobless rate dipped to 7.9 percent during the month, down from the revised 8.3 percent in July. This translates to mean that out of an estimated workforce of 18,055, there were 1,422 county residents looking for work during August. One month earlier, TWC's revised estimates put the local labor force at 18,377 with 1,531 looking for jobs. While the new 7.6 percent rate is down from July, it was down by six tenths of a point from the 8.5 percent jobless rate recorded in August 2012. The highest rate posted so far this year is the 8.8 rate for January. That was followed by a 8.3 percent jobless fi gure in February, n 8.1 percent rate in March, a 7.8 percent number in April and May and a 8.4 percent fi gure in June. Statewide, August's actual unemployment rate of 6.3 percent was down from July's 6.7 percent and the 6.9 percent jobless fi gure recorded in August 2012. When seasonal factors are added to the equation, the state's August adjusted unemployment rate was listed at 6.4 percent, which was down from the 6.5 percent post in July. The latest seasonally adjusted rate also was down from the 6.8 percent fi gure posted in August 2012. The actual national unemployment rate for August was listed at 7.3 percent, which was down from the 7.7 percent rate posted in July. The latest national rate was down from the 8.2 percent rate recorded for August 2012. August's seasonally adjusted U.S. rate of 7.3 percent was down from the 7.4 percent fi gure recorded in July. The new rate also was down from the August 2012 rate of 8.1 percent.