Texas’ Unemployment Rate Drops to Lowest Since 2001
AUSTIN, September 18, 2015 ⎯ The Texas seasonally adjusted unemployment rate fell to 4.1 percent in August, the lowest rate of unemployment for Texas since January of 2001. The Texas rate continued to trend below the national unemployment rate, which stood at 5.1 percent in August.
Leisure and Hospitality led all major industries in Texas with an expansion of 5,900 jobs in August. The Professional and Business Services industry added 4,000 positions over the month, and Construction gained 3,200 jobs in August. Other Services, which includes religious and civic organizations, personal services and repair businesses, added 600 jobs in August.
“The increase in jobs for key industries in August, such as the addition of 3,200 positions in the Construction industry, and the decline in the unemployment rate to the lowest point in 14 years, demonstrates the resilience and strength of the Texas economy,” said Texas Workforce Commission (TWC) Chairman Andres Alcantar. “TWC is committed to helping these expanding industries meet their workforce needs while connecting job seekers to a variety of services and job-training opportunities.”
“We are continuing to see a steady decline in the rate of unemployment in our state and at 4.1 percent, the August rate is among the lowest our state has ever seen,” said TWC Commissioner Representing Labor Ronny Congleton. “While most regions of our state are seeing these declines, we are working hard with our local workforce partners to address the needs in those regions that are still struggling. I urge all job seekers to contact their local Workforce Solutions office for assistance with training and job placement.”
The state’s overall seasonally adjusted non-farm jobs contracted by a net 13,700 positions in August following four consecutive months of employment increases, including a revised gain of 25,800 jobs in July.
“As advanced job skills are a growing demand throughout the world, we encourage all employers to utilize TWC’s many resources to aid in the search for highly qualified Texans to fit their needs,” said TWC Commissioner Representing Employers Ruth R. Hughs. “Workforce Solutions offices across Texas can help employers with job-matching assistance, applicant screening and local labor market information.”
The Amarillo Metropolitan Statistical Area (MSA) recorded the month’s lowest unemployment rate among Texas MSAs with a not seasonally adjusted rate of 3.1 percent. The Midland and Austin-Round Rock MSAs each posted a rate of 3.2 percent in August.