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Polk County Enterprise - Local News

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County unemployment falls to 7.3%

 

LIVINGSTON – For the second consecutive month, Polk County's unemployment rate declined, falling to a new one-year low of 7.3 percent. According to the latest figures released by the Texas Workforce Commission (TWC), the county jobless rate fell two-tenths of percentage point from October's 7.5 percent. This translates to mean that out of an estimated workforce of 17,939, there were 1,311 county residents looking for work during November. One month earlier, TWC's revised estimates put the local labor force at 18,087 with 1,349 looking for jobs. While the new 7.3 percent rate is down from October, it was unchanged from the 7.3 percent figure recorded for November 2012. The highest rate posted so far for 2013 is the 8.8 rate listed for January. That was followed by a 8.3 percent jobless figure in February, an 8.1 percent rate in March, a 7.8 percent number in April and May, an 8.4 percent figure in June, an 8.3 rate in July, a 7.9 percent figure in August and an 8.0 percent rate in September The highest November unemployment rate recorded by TWC since 2000 was the 9.9 percent figure posted in 2010. The lowest was 5.5 percent recorded in 2000. Statewide, November's actual unem ployment rate of 6.8 percent was down from October's 6.0 percent and the 6.0 percent jobless figure recorded in November 2012. When seasonal factors are added to the equation, the state's November adjusted unemployment rate was listed at 6.1 percent, which was down slightly from the 6.2 percent figure recorded for October and from the 6.3 percent figure posted in November 2012. The actual national unemploy ment rate for November was listed at 6.6 percent, which was down from October's 7.0 rate and the November 2012 figure of 7.4 percent. November's sea sonally adjusted U.S. rate of 7.0 percent was down from the 7.3 percent figure recorded in October and from the 7.8 percent number posted in November 2012. According to TWC officials, Texas' seasonally adjusted total non-farm employment expanded by 28,700 in November and 274,200 over the year. "The private sector continued to expand, adding 20,500 jobs in November and posting an annual growth rate of 2.8 percent," said TWC Chairman Andres Alcantar. "The Texas Workforce Commission encourages job seekers to use the employment resources available to them through Texas Workforce Solutions." Industries adding jobs in November included Trade, Transportation, and Utilities, which expanded by 22,000 positions; Professional and Business Services, which grew by 9,400 positions; and Manufacturing, which saw an increase of 3,500 jobs. "The fourth consecutive decrease in the unemployment rate is a welcome sign for Texans in search of work," said TWC Commissioner Representing Workers Ronny Congleton. "I encourage all job seekers, and especially those who are facing exhaustion of their unemployment benefits, to take advantage of the career tools available at their local Workforce Solutions office." Every major industry in Texas added jobs over the year. Six out of 11 recorded annual growth rates at or above 2.0 percent. "The Texas economy continues its strong momentum thanks to continued growth spurred by the success of our state's employers," said TWC Commissioner Representing Employers Hope Andrade. "It is encouraging to see expansions across a wide range of industries throughout the state." From among the 25 Metropolitan Statistical Areas (MSAs) monitored by TWC, the Midland MSA had the lowest unemployment rate in the state at 2.9 percent. The Odessa MSA was next at 3.5 percent while the Amarillo MSA was listed at 4.1 percent. Unemployment rates posted for other East Texas counties include: NOV. % COUNTY RATE CHANGE Anderson 6.5 -0.4 Angelina 5.8 -0.2 Cherokee 7.2 -0.1 Grimes 5.5 -0.2 Hardin 7.4 0.3 Harris 5.7 -0.2 Houston 7.8 -0.2 Jasper 9.1 -0.1 Jefferson 9.6 -0.2 Leon 5.6 -0.1 Liberty 7.4 -0.3 Madison 6.2 0.0 Montgomery 4.9 -0.2 Nacogdoches 5.9 -0.1 Polk 7.3 -0.2 Sabine 13.6 0.8 San Augustine 9.9 -0.2 San Jacinto 6.2 0.0 Shelby 6.3 -0.1 Trinity 6.4 -0.1 Tyler 9.0 0.1 Walker 5.9 -0.5

 

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