Texas Unemployment Rate Falls to 4.3 Percent in February
AUSTIN, March 28, 2015 - Fueled by an impressive expansion in the Trade, Transportation and Utilities industry, Texas saw continued 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.
workforce is strong and employers know that they will find skilled workers to match their hiring needs in our state.”
“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.