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Stories Added - August 2008
Copyright 2008 - Polk County Publishing Company

Unemployment figures
Big Thicket Messenger - August 2008

Texas’ seasonally adjusted non-agricultural 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 nationally. The Texas unemployment rate fell slightly to 4.4%, in June from 4.5% in May, up from 4.3% in June 2007. The U.S. seasonally adjusted unemployment rate remained unchanged at 5.5% in June, up from 4.6% 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% (not seasonally adjusted). The Amarillo was second at 3.6%, followed by the and Odessa MSA at 3.7%.
Professional and Business Services added 10,700 jobs added for 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 42,500 jobs.
“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 jobs 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% and 3.4%, 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 www.texasworkforce.org.

 

 

 

 

 

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