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Trinity Standard - Local News

Copyright 2012 - Polk County Publishing Company

 

Unemployment rate falls to 8.1%
Trinity Standard -

TRINITY – Trinity County’s unemployment rate dipped to 8.1 percent in August, dropping a significant .8 percentage points, according to the latest figures posted by the Texas Workforce Commission. The latest rate also is down from the 9.3 percent jobless rate recorded one year earlier for August 2011 and from the 9.3 percent figure posted in January of this year. The latest number translates to mean that out of an estimated labor force of 5,715 people, there were 461 county residents looking for work during August. In July, the 8.9 percent rate meant that out of an estimated labor force of 5,794 there were with 517 people searching for jobs. Statewide, August’s actual unem¬ployment rate of 7.0 percent was down from July’s 7.5 percent figure and down substantially from the 8.2 percent jobless figure recorded in August 2011. When seasonal factors are added to the equation, the state’s August adjusted unemployment rate was listed at 7.1 percent, which was unchanged from the July figure. The latest seasonally adjusted rate was down from the 8.1 percent figure posted in August 2011. The actual national unemploy¬ment rate for August was listed at 8.2 percent, which was down from the 8.6 percent rate posted in July. It also was down from the 9.1 percent rate recorded for August 2011. August’s sea¬sonally adjusted U.S. rate of 8.1 percent was down from the July rate of 8.3 percent but down significantly from the August 2011 rate of 9.1 percent. According to TWC officials, Texas employers added 38,000 seasonally adjusted nonfarm jobs in August. “A major component to Texas’ long-term economic development is consistent job growth, and that is exactly what we are seeing across a number of different industries,” said Texas Workforce Commission (TWC) Chairman Andres Alcantar. “The private sector in Texas has grown by 279,800 jobs over the last year, a 3.2 percent increase, while national private sector annual growth has been just 1.8 percent,” he added. The annual growth rate for Texas has been positive for 28 consecutive months, and has been at or above 2.0 percent since December 2011. “Construction jobs grew by 13,600 in August, more than any other industry in Texas, with a total of nearly 38,000 jobs added in that industry in the past 12 months,” said TWC Labor Commissioner Ronny Congleton. “WorkInTexas.com is a good way to connect to jobs here in Texas across many industries, including Construction,” Congleton said. Employers in Professional and Business Services added 6,900 positions in August for its fourth straight month of gains. This industry has expanded by 48,900 jobs since August 2011 for a 3.6 percent growth rate. Trade, Transportation, and Utilities added 13,100 jobs in August, marking the largest monthly gain since January. Over the month, the Leisure and Hospitality industry expanded by an estimated 4,600 positions. Annual growth in this industry climbed to 4.6 percent in August. “Texas continues to be the state in which to do business, with seven of the 11 major industries in Texas adding jobs in August,” said TWC Employers Commissioner Tom Pauken. “And with the addition of 3,400 Mining and Logging jobs last month, that industry has grown by 9.0 percent in the last year.” From among the 25 Metropolitan Statistical Areas (MSAs) monitored by TWC, the Midland MSA had the lowest unemployment rate in the state at 3.8 percent. The Odessa MSA was next at 4.5 percent while the Amarillo MSA was listed at 5.0 percent. The MSA with the highest jobless rate in August was the McAllen – Edinburg - Mission MSA at 11.7 percent; the Brownsville-Harlingen MSA rate was 11.1 percent; and the Beaumont-Port Arthur MSA recorded a rate of 10.7 percent. Unemployment rates posted for other East Texas counties include: AUG. % COUNTY RATE CHANGE Anderson 8.3 -0.6 Angelina 7.0 -0.6 Cherokee 8.2 -0.4 Grimes 6.8 -0.5 Harris 7.0 -0.5 Houston 9.7 -0.6 Jasper 10.1 -0.5 Jefferson 11.3 -0.8 Leon 6.6 -0.5 Liberty 9.1 -0.8 Madison 7.4 -0.4 Montgomery 6.3 -0.4 Nacogdoches 6.7 -0.7 Polk 8.6 -0.5 Sabine 15.1 -1.4 San Augustine 10.7 -0.4 San Jacinto 8.3 -0.6 Shelby 7.2 -0.5 Trinity 8.1 -0.8 Tyler 10.6 -0.7 Walker 7.4 -0.6

 

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