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Groveton Times - Local News

Copyright 2013 - Polk County Publishing Company

 

Unemployment rises to 8%

 

GROVETON – For the second consecutive month this year, Trinity County's unemployment rate has increased, climbing to 8.0 percent in June. According to the most recent figures posted by the Texas Workforce Commission (TWC), the county's jobless rate rose seven-tenths of a per-centage point during the month, rising from 7.3 percent in May. This translates to mean that out of an estimated workforce of 5,684, there were 453 county residents looking for work during June. One month earlier, TWC's revised estimates put the local labor force at 5,663 with 413 looking for jobs. Traditionally, June and July are the months with the highest unemployment rate due to the influx of high school and college students entering the summer job market. While the new 8.0 percent rate is up from May, it was down significantly from the 8.9 percent jobless rate recorded in June 2012 and the 9.7 percent posted in June 2011. The June 2011 was the highest ever recorded for he county under the current system used by TWC to calculate the rates. The highest rate posted so far this year is the 8.2 rate for January. That was followed by a 7.4 percent jobless figure in February, a 7.3 percent rate in March and a 7.1 percent number in April. Statewide, June's actual unemployment rate of 6.9 percent was up from May's 6.5 percent but down from the 7.5 percent jobless figure recorded in June 2012. When seasonal factors are added to the equation, the state's June adjusted unemployment rate was listed at 6.5 percent, which unchanged from the rate posted for May. The latest seasonally adjusted rate, however, was down from the 7.0 percent figure posted in June 2012. The actual national unemployment rate for June was listed at 7.8 percent, which was up from the 7.3 percent rate posted in May. The latest national rate was down from the 8.4 percent rate recorded for June 2012. June's seasonally ad-justed U.S. rate of 7.6 percent also was un-changed from the rate recorded in May. The new rate was down from the June 2012 rate of 8.2 percent. According to TWC officials, Texas' season-ally adjusted total non-farm employment ex-panded by 5,800 jobs in June for a total of 303,000 added since June 2012. "Economic growth in Texas has proven to be diverse, consistent, and long-term," said TWC Chairman Andres Alcan-tar. "The annual job growth across all industries continues to provide opportunity for Texas job seekers." Over the month, seven of the 11 major industries in Texas saw positive growth. Leading the way was Leisure and Hosp-itality, which posted over-the-month growth for the fifth time in six months and added 4,600 jobs. That industry has added 55,600 jobs over the last year for a 5.1 percent annual growth rate. "Our economy continues to offer numerous opport-unities to jobseekers," said TWC Commissioner Rep-resenting Labor Ronny Congleton. "We en-courage those looking for work in Texas to visit a local Workforce Solutions office for help finding the right job for them." Professional and Busi-ness Services employment expanded for a fifth consecutive month with the addition of 3,100 jobs in June. The industry has had an annual growth rate at or above 4.0 percent for five straight months. Additionally, Financial Activities, Information, Manufacturing, and Trade, Transportation, and Uti-lities all saw positive job growth in June. "With an annual growth rate at or above three percent since April 2011, Texas' private employers continue to play an important role in our state's expanding job market," said TWC Commissioner Rep-resenting Employers Hope Andrade. From among the 25 Metropolitan Statistical Areas (MSAs) monitored by TWC, the Midland MSA had the lowest unemployment rate in the state at 3.7 percent. The Odessa MSA was next at 4.5 percent while the Amarillo MSA was listed at 5.3 percent. The MSAs with the highest jobless rate in June was the McAllen – Edinburg – Mission MSA at 11.6 percent. The Brownsville-Harlingen MSA was next at 11.1 percent and the Beaumont-Port Arthur MSA was third from the top after recording a rate of 10.6 percent.

 

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