|Trinity Standard - Local News
Stories Added - June 2008
Copyright 2008 - Polk County Publishing Company
Unemployment rate climbs to 4.9%
Trinity Standard - June 2008
TRINITY – After dipping to 4.5 percent in April, Trinity County’s unemployment rate jumped back to 4.9 percent in May.
According to the latest figures released by the Texas Workforce Commission, the 4.9 percent rates translates to mean that out of an estimated workforce of 5,889, there were 291 county residents looking for jobs during May.
April’s report listed a total of 5,859 workers with 263 looking for jobs.
The latest 4.9 percent rate boosts the county back to the same jobless level recorded in February and March.
It is, however, still below this year’s high of 5.2 percent recorded in January but is higher than the 4.7 percent rate posted one year ago for May 2007.
Statewide, May’s actual unemployment rate of 4.3 percent was up from the 3.9 percent figure posted in April. It also was up from the 4.0 percent rate recorded in May 2007.
When seasonal factors are added to the equation, the state’s May unemployment rate was listed at 4.5 percent, which was up from the 4.1 percent rate posted for April. The latest seasonally adjusted rate also was up slightly from the 4.4 percent figure recorded in May 2007.
The actual national unemployment rate for May was listed at 5.2 percent, which was up from the 4.8 percent rate posted in April. It was also substantially up from the 4.3 rate set one year ago in May 2007.
May’s seasonally adjusted U.S. rate of 5.5 percent was up from the 5.0 percent figure recorded in April. The latest seasonally adjusted rate was up from the 4.5 percent figure posted one year ago in May 2007.
In the report, TWC officials noted that nonagricultural employment grew by 8,700 jobs in May, meaning that Texas employers have now added 238,700 jobs over the past 12 months for an annual growth rate of 2.3 percent. This compares with a 0.2 percent annual job growth rate nationally.
“Job growth in Texas remained strong, outpacing the national trend,” said Texas
Workforce Commission (TWC) Chairman Tom Pauken. “Despite the fact that the number of those seeking work went up for the month, the Texas unemployment rate remained at historically low levels, staying below the 5.0 percent mark for nearly two years.”
The Education and Health Services industry saw the biggest job gains with 5,400 positions added in May, for an over-the-year increase of 38,500 jobs.
Professional and Business Services followed with 1,700 jobs added for an industry gain of 64,500 positions in the past year.
“Across nearly every industry, Texas employers added jobs at a stronger pace than the nation as a while,” said TWC Employers’ Commissioner Ron Lehman.
“For example, our Natural Resources and Mining industry reached an annual job growth rate of 6.8 percent, followed by Professional and Business Services at 5.0 percent, and Leisure and Hospitality at 4.0 percent,” he added.
Leisure and Hospitality grew by 1,300 jobs in May, adding 38,900 positions in the past 12 months, followed by Construction, which grew by 1,100 jobs for an annual gain of 23,300 jobs.
“The state continues to gain jobs, providing opportunities for those seeking work,” said TWC Labor Commissioner Ronny Congleton. “In May, Texas recorded the largest number ever in the civilian labor force at 11.7 million people.”
Of the state’s 25 Metropolitan Statistical Areas (MSAs), the highest jobless rate was the 6.1 percent figure recorded for the McAllen-Edinburg-Mission MSA
Next was the Brownsville-Harlingen MSA at 5.9 percent; the Beaumont-Port Arthur MSA at 5.6 percent; the El Paso MSA at 5.5 percent; the Laredo MSA at 4.9 percent; and the Sherman-Denison MSA at 4.6 percent.
The MSA with the lowest unemployment during the month was the Midland MSA at 2.7 percent, followed by the Odessa and Amarillo MSAs tied at 3.1 percent; and the Lubbock and College Station-Bryan MSAs tied at 3.4 percent.
Unemployment rates posted for other East Texas counties include:
COUNTY RATE CHANGE
Anderson 5.1 +0.5
Angelina 4.3 +0.3
Cherokee 5.2 +0.9
Grimes 4.7 +0.5
Harris 4.2 +0.4
Houston 6.0 +0.6
Jasper 5.6 +0.5
Jefferson 5.8 +0.5
Leon 4.0 +0.4
Liberty 5.2 +0.7
Madison 4.5 +0.5
Montgomery 3.8 +0.4
Nacogdoches 4.1 +0.6
Polk 5.8 +0.6
Sabine 8.2 +0.9
San Augustine 6.0 +0.5
San Jacinto 5.2 +0.8
Shelby 4.3 +0.3
Trinity 4.9 +0.4
Tyler 5.6 +0.7
Walker 4.6 +0.4