|Trinity Standard - Local News
Stories Added - June 2008
Copyright 2008 - Polk County Publishing Company
Unemployment rate falls to 4.5%
Trinity Standard - June 2008
TRINITY – After holding at 4.9 percent for two consecutive months, Trinity County’s unemployment rate fell to 4.5 percent in April.
According to the latest figures released by the Texas Workforce Commission, the 4.5 percent rates translates to mean that out of an estimated workforce of 5,859, there were 264 county residents looking for jobs during April.
March’s report listed a total of 5,861 workers with 286 looking for jobs.
The latest rate is well below this year’s high of 5.2 percent recorded in January and is down from the 4.7 percent rate posted one year ago for April 2007.
Statewide, April’s actual unemployment rate of 3.9 percent was down from the 4.2 percent figure posted in March. It also was down from the 4.0 percent rate recorded in April 2007.
When seasonal factors are added to the equation, the state’s April unemployment rate was listed at 4.1 percent, which was down from the 4.3 percent rate posted for March. The latest seasonally adjusted rate also was down from the 4.4 percent figure recorded in April 2007.
The actual national unemployment rate for April was listed at 4.8 percent, which was down from the 5.2 percent rate posted in March. It was up from the 4.3 rate set one year ago in April 2007.
April’s seasonally adjusted U.S. rate of 5.0 percent was down from the 5.1 percent figure recorded in March. The latest seasonally adjusted rate was up from the 4.5 percent figure posted one year ago in April 2007.
In the report, TWC officials noted that nonagricultural employment grew by 15,400 jobs in April.
“Texas continues to outpace national trends with its record low unemployment rate,” said Texas Workforce Commission (TWC) Chairman Tom Pauken. “Texas employers now have added 262,000 jobs in the past 12 months.”
Financial Activities gained 6,900 positions in April, which represent more than half the annual job growth of 12,700 for that sector. Leisure and Hospitality added another 4,200 jobs last month, for a total of 41,300 positions added in the past 12 months.
“Business in Texas continues to expand with an annual job growth rate of 2.5 percent,” said TWC Employers Commissioner Ron Lehman. “Industries like Professional and Business Services and Natural Resources and Mining recorded annual growth rates of 5.0 percent or above.”
Construction increased by 3,000 jobs in April, for a gain of 23,200 jobs over the year. Education and Health Services grew by 2,800 positions this month, with 40,800 jobs added in the past 12 months.
“Texas workers are finding jobs across many industry sectors,” said TWC Labor Commissioner Ronny Congleton. “Our record low unemployment rate gives job seekers many choices and more chances to find a job.”
Of the state’s 25 Metropolitan Statistical Areas (MSAs), the highest jobless rate was the 5.7 percent figure recorded for the McAllen-Edinburg-Mission MSA
Next was the Brownsville-Harlingen MSA at 5.4 percent; the El Paso and Beaumont-Port Arthur MSAs tied at 5.0 percent; the Laredo MSA at 4.6 percent; and the Sherman-Denison MSA at 4.4 percent.
The MSA with the lowest unemployment during the month was the Midland MSA at 2.4 percent, followed by the Odessa and Amarillo MSAs tied at 2.8 percent; and the Lubbock MSA at 3.0 percent.
Unemployment rates posted for other East Texas counties include:
COUNTY RATE CHANGE
Anderson 4.6 -0.6
Angelina 4.0 -0.4
Cherokee 4.3 -0.7
Grimes 4.2 -0.5
Harris 3.8 -0.3
Houston 5.4 -0.8
Jasper 5.1 -0.6
Jefferson 5.3 -0.4
Leon 3.6 -0.5
Liberty 4.5 -0.7
Madison 4.0 -0.5
Montgomery 3.4 -0.5
Nacogdoches 3.5 -0.3
Polk 5.2 -0.7
Sabine 7.3 -1.0
San Augustine 5.5 -0.4
San Jacinto 4.4 -0.6
Shelby 4.0 -0.5
Trinity 4.5 -0.4
Tyler 4.9 -0.7
Walker 4.2 -0.4