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Trinity Standard - Local News

Copyright 2013 - Polk County Publishing Company

 

Unemployment rises to 7.3%
Trinity Standard -

TRINITY – After dipping to 7.1 percent in April, Trinity County's unemployment rate climbed to 7.3 percent in May. According to the most recent figures posted by the Texas Workforce Commission (TWC), the county's jobless rate rose two-tenths of a percentage point during the month, rising from the 2013 low set in April. This translates to mean that out of an estimated workforce of 5,665, there were 414 county residents looking for work during May. One month earlier, TWC's revised estimates put the local labor force at 5,607 with 399 looking for jobs. While the new 7.3 percent rate is up slightly from April, it was down even more significantly from the 8.2 percent jobless rate recorded in May 2012 and the 9.0 percent posted in May 2011. The highest rate post so far this year is the 8.2 rate for January. That was followed by a 7.4 percent jobless figure in February and a 7.3 percent rate in March. Statewide, May's actual unem¬ployment rate of 6.5 percent was up from April's 6.1 percent but down from the 6.8 percent jobless figure recorded in May 2012. When seasonal factors are added to the equation, the state's May adjusted unemployment rate was listed at 6.5 percent, which was up slightly from the 6.4 percent recorded in April. The latest seasonally adjusted rate, however, was down from the 7.0 percent figure posted in May 2012. The actual national unemploy¬ment rate for May was listed at 7.3 percent, which was up from the 7.1 percent rate posted in April. The latest national rate was down from the 7.9 percent rate recorded for May 2012. May's sea¬sonally adjusted U.S. rate of 7.6 percent was up slightly from the 7.5 percent revised rate posted for April. The new rate was down from the May 2012 rate of 8.2 percent. According to TWC officials, Texas' seasonally adjusted total non-farm employment expanded by 19,500 jobs in May for a total of 324,700 added since May 2012. The state's annual growth rate in May stood at 3.0 percent and has been positive every month beginning with May 2010. "The addition of 324,700 jobs over the past year, with private sector employers adding 299,800 during this period, is good news for Texas," said TWC Chairman Andres Alcantar. "We invite Texas employers and job seekers to visit www.texasworkforce.org to learn more about the resources and opportunities available to them across the state." Over the month, nine of the 11 major industries in Texas saw positive growth led by Education and Health Services, which added 5,500 jobs in May. That industry has added 44,100 jobs over the last year for a 3.0 percent annual growth rate. "I'm encouraged that Texas job seekers continue to find work," said TWC Commissioner Representing Labor Ronny Congleton. "Despite the slight increase in the unemployment rate in May, Texas' civilian labor force, the second largest in the nation, continues to grow, and that's a positive sign." Construction remained the fastest growing major industry in Texas, based on a 6.7 percent annual growth rate. This industry has added 39,200 jobs over the year, including 500 over the last month. The Professional and Business Services industry expanded by 4,600 jobs over the month and added 59,500 jobs over the year for a 4.2 percent annual growth rate. "The consistency of Texas' economic growth over the year is due to the entrepreneurial spirit of our employers and our skilled workforce," said TWC Commissioner Representing 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 3.4 percent. The Odessa MSA was next at 4.1 percent while the Amarillo MSA was listed at 4.8 percent. The MSAs with the highest jobless rate in May was the McAllen – Edinburg – Mission MSA at 10.9 percent. The Brownsville-Harlingen MSA was next at 10.4 percent and the Beaumont-Port Arthur MSA was third from the top after recording a rate of 10.1 percent. Unemployment rates posted for other East Texas counties include: MAY % COUNTY RATE CHANGE Anderson 7.1 0.4 Angelina 6.5 0.3 Cherokee 7.4 0.3 Grimes 6.5 0.6 Harris 6.4 0.4 Houston 8.7 0.3 Jasper 10.0 0.4 Jefferson 10.6 0.3 Leon 6.7 0.4 Liberty 8.3 0.7 Madison 6.8 0.2 Montgomery 5.5 0.3 Nacogdoches 6.6 0.5 Polk 7.8 0.0 Sabine 15.4 0.9 San Augustine 10.0 -0.3 San Jacinto 7.6 0.4 Shelby 6.6 0.4 Trinity 7.3 0.2 Tyler 9.9 0.4 Walker 6.9 0.9

 

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