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Unemployment level in Texas drops

Texas Workforce Commission on Friday released data that showed that the unemployment level in Texas was above the national and statewide rates in seven years. Though employment level fell during December and January, the seven percent employment rate showed an overall decrease of unemployed workers.texas-unemployment-level

There was a decrease in employment by 2.4 percent in the combined data of Jefferson, Hardin and Orange counties. Job growth was affected due to the oil industry, which lost 3,400 jobs caused by the falling oil prices. Another reason for the low employment rate was “other services”. Gregg and other counties have reportedly face hundreds of layoffs.


“We’ve kind of been on a downward trend since last year,” said Ira McNeil, labor market analyst at Workforce Solutions Southeast Texas.

Texas had the best employment growth in 2014 much greater than the period between 2009-2013. Employment rates vary in months and usually increases in October after a decline in January. Retail employment rises during the holiday season and starts to decline during New Year. An accurate employment rate is calculated each year. Employment in January stood at 164,400 workers which is 4.7 percent higher from last year.

“The diversity of skills found in the Texas workforce has contributed greatly to the strength of the Texas economy,” said TWC Commissioner Representing Labor Ronny Congleton. “As jobs are added, Texas has skilled workers to fill them and the resources available for workers to obtain new skills when needed. I encourage all job seekers to look for available positions through TWC’s online job-matching resource, WorkInTexas.com and to take advantage of the many services and training resources available through their local Workforce Solutions office.”

Education, health services and government were the main industries which boosted the employment in 2014 in return for the losses in other industries. Construction jobs posted 1,700 workers. U.S is marking its entry into a healthy job market as unemployment rate dropped to a rate of 7.7 percent. The government stated that job rate fell from 5.7 percent as workers left jobs looking for other jobs and were counted as unemployed.

However the figures are much better than the 11.2 unemployment rate in the European Union. U.S faced its darkest days since the recession as it caused a big blow to various industries and the government on the verge of recovery, in turn bringing in more jobs.

[ Source ] [ Report – pdf ]

About Anirudh Madhav

A movie buff, a bookworm, and a compulsive doodler. All posts by Anirudh

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