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Trinity Standard - Local News

Copyright 2013 - Polk County Publishing Company

 

Unemployment falls to 7.6%
Trinity Standard -

TRINITY – After posting two months of increases, Trinity County's unemployment rate fell by three tenths of a percentage point during July, According to the most recent figures posted by the Texas Workforce Commission (TWC), the county's jobless rate dipped to 7.6 percent during the month, down from the revised 7.9 percent in June. This translates to mean that out of an estimated workforce of 5,748, there were 436 county residents looking for work during July. One month earlier, TWC's revised estimates put the local labor force at 5,688 with 452 looking for jobs. Traditionally, June and July are the months with the highest unemployment rate due to the influx of high school and college students entering the summer job market. While the new 7.6 percent rate is down slightly from June, it was down significantly from the 8.9 percent jobless rate recorded in July 2012 and the 9.5 percent posted in July 2011. The highest rate posted so far this year is the 8.2 rate for January. That was followed by a 7.4 percent jobless figure in February, a 7.3 percent rate in March, a 7.1 percent number in April and a 7.3 percent figure in May. Statewide, July's actual unem¬ployment rate of 6.7 percent was down from June's 6.9 percent and the 7.4 percent jobless figure recorded in July 2012. When seasonal factors are added to the equation, the state's July adjusted unemployment rate was listed at 6.5 percent, which was unchanged from the rate posted for June. The latest seasonally adjusted rate, however, was down from the 6.9 percent figure posted in July 2012. The actual national unemploy¬ment rate for July was listed at 7.7 percent, which was down from the 7.8 percent rate posted in June. The latest national rate was down from the 8.6 percent rate recorded for July 2012. June's sea¬sonally adjusted U.S. rate of 7.4 percent was down from the 7.8 percent figure recorded in June. The new rate also was down from the July 2012 rate of 8.2 percent. According to TWC officials, Texas' seasonally adjusted total non-farm employment expanded by 19,900 jobs in July for a total of 293,000 added since July 2012. "As of July, Texas has maintained a positive annual growth rate for 39 straight months," said Texas Workforce Commission (TWC) Chairman Andres Alcantar. "Financial Activities led the way in July with 9,000 added jobs; the largest monthly increase in that major industry since 1998. We encourage job seekers to visit their local Workforce Solutions office to find current employment opportunities." This was the sixth monthly gain in the past seven months for Financial Activities. The monthly growth brings the over-the-year total jobs added in the industry to 19,000. "It's good to see growth across several different fields—in particular Mining and Logging, which includes jobs in the oil and gas industries," said TWC Commissioner Representing Labor Ronny Congleton. "That industry grew by 8,000 jobs in July alone and has grown by almost 6 percent in the last year." Information employment surged in July with the addition of 4,800 positions. This industry has grown by 6,300 jobs over the last year for an annual growth rate of 3.2 percent. Trade, Transportation, and Utilities also saw positive job gains over the month in Texas, adding 3,200 jobs for a total of 53,000 jobs added over the year. "The private sector continues to lead the way for our state's economy, adding more than 278,000 jobs over the last year," said TWC Commissioner Representing Employers Hope Andrade. "Our 3.1 percent annual growth rate compares favorably to 2.1 percent for the private sector nationally." From among the 25 Metropolitan Statistical Areas (MSAs) monitored by TWC, the Midland MSA had the lowest unemployment rate in the state at 3.5 percent. The Odessa MSA was next at 4.2 percent while the Amarillo MSA was listed at 5.1 percent. The MSAs with the highest jobless rate in June was the McAllen – Edinburg – Mission MSA at 11.3 percent. The Brownsville-Harlingen MSA was next at 10.5 percent and the Beaumont-Port Arthur MSA was third from the top after recording a rate of 10.2 percent. Unemployment rates posted for other East Texas counties include: JULY % COUNTY RATE CHANGE Anderson 7.7 -0.1 Angelina 6.8 -0.2 Cherokee 7.8 -0.2 Grimes 6.5 -0.5 Harris 6.5 -0.3 Houston 9.3 -0.2 Jasper 10.1 -0.3 Jefferson 10.6 -0.4 Leon 6.8 -0.4 Liberty 8.6 -0.1 Madison 7.1 -0.3 Montgomery 5.7 -0.3 Nacogdoches 7.2 -0.2 Polk 8.3 -0.1 Sabine 14.3 -1.2 San Augustine 10.5 -0.3 San Jacinto 7.8 -0.4 Shelby 7.0 -0.2 Trinity 7.6 -0.3 Tyler 10.2 -0.4 Walker 7.3 -0.3

 

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