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Texas Unemployment Rate Falls to 4.3 Percent in February




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March 27, 2015 | 1,918 views | 10 comments

It's good news, as the job growth in Texas continues with the statewide addition of 7,100 positions.

AUSTIN --Fueled by an impressive expansion in the Trade, Transportation and Utilities industry, Texas sawcontinued seasonally adjusted job growth in February. The Trade, Transportation and Utilities industry saw its largest monthly increase in more than 20 years with the addition of 16,300 jobs. The state experienced a net gain of 7,100 nonagricultural jobs in February with 357,300 positions added over the year.

“We are pleased that Texas employers continue to create opportunities,” said Texas Workforce Commission (TWC) Chairman Andres Alcantar. “Our state offers many competitive advantages to employers who choose to
do business in Texas, including a highly skilled workforce.”

Texas’ seasonally adjusted unemployment rate fell to 4.3 percent in February, down from 4.4 percent in January. Texas continues to maintain an unemployment rate well below the U.S. national unemployment rate which now stands at 5.5 percent.

“The continued decline in our state’s unemployment rate is encouraging,” said TWC Commissioner Representing Labor Ronny Congleton. “The Texas workforce is strong and employers know that they will find skilled workers to match their hiring needs in our state.”

Five of 11 major industries added jobs in February. The Leisure and Hospitality industry added an estimated 9,700 positions in February and grew by 55,500 positions over the year, for an annual growth rate of 4.8 percent. Texas employers also added jobs in Construction, Other Services and Financial Activities, which increased by a combined total of 2,800 jobs.
“Private-sector employers added 9,700 jobs in Texas in February,” said TWC Commissioner Representing Employers Hope Andrade. “We appreciate the investment that these companies have made in their local communities and we look forward to being a resource for them as they continue to grow in the Lone Star State.”

The Midland Metropolitan Statistical Area (MSA) had the lowest February unemployment rate in the state at 2.8 percent, followed by the Amarillo MSA with a 3.1 percent rate and the Lubbock MSA at 3.3 percent (not
seasonally adjusted). Audio downloads from Chairman Alcantar on the latest labor market data are available at:
http://texasworkforce.org/news/press/2015/press-releases-2015.html#pressReleaseAudio.

Employment estimates released by TWC are produced in cooperation with the U.S. Department of Labor’s Bureau of Labor Statistics. All estimates are subject to revision. To access this and more employment data, visit www.tracer2.com.
 
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Your Opinions and Comments

 
Catfish  
Kicaster Creek  
April 1, 2015 2:00pm
 
New Guy .... Have you been chewing some of those cow patty mushrooms ?? The 13.6 figure was the national U6 rate for December 2008. The... More ›

 
New Guy  
Wilson County  
April 1, 2015 1:15pm
 
Yep, from 13.6 to 4.3, wow now that's "Change" It took a full year for the crap to roll down hill after Obama entered office. Bush's failed policies and stink was hard to recover from..but we did.

 
Black Ghost  
Doseido Colony  
April 1, 2015 12:53pm
 
The U6 unemployment rate for the last two full months of President Bush's terms were 12.6 and 13.6. Under President Obama, the rate reached 17.1 for both of those months a year later.

 
JC Hrubetz  
Stockdale, TX  
April 1, 2015 11:53am
 
The Bureau of Labor Statistics has so convoluted the measure of unemployment that one can only take all measures and look at overall trends to decipher what Is going on. But essentially the election of BO began a march to the... More ›

 
Delightful  
Downtown  
March 31, 2015 5:43pm
 
New Guy can't respond, BG and Cat, he is busy removing the foot from his EVER open mouth!

 
Black Ghost  
Doseido Colony  
March 30, 2015 4:40pm
 
New Guy ..... Compare Obama's 7th year to date unemployment rate to Bush's unemployment for the same period. It's not even close. In the seventh year of of the Bush presidency, only one month was not below 5% which is the... More ›

 
Catfish  
Kicaster Creek  
March 30, 2015 4:29pm
 
New Guy ... Yep, you have to give President Obama credit. In the 7th year of his presidential period, the employment is now approaching levels of President Bush's last mid year in office.

 
Bob Pritts  
St Hedwig, TX  
March 30, 2015 2:55pm
 
And, their average income per year rose to ........... Or, maybe not.

 
New Guy  
Wilson County  
March 30, 2015 12:55pm
 
Thanks Obama, this would not have happened under Bush...

 
Elaine K.  
Floresville  
March 27, 2015 10:51am
 
New post.

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