Texas unemployment rate steady at 6.5 percent
August 16, 2013, 10:00 am by Phil Schoch
Texas Workforce Commission
AUSTIN — The Texas economy added 19,900 seasonally adjusted total non-farm jobs in July for a total of 293,000 jobs added since July 2012. Texas’ seasonally adjusted unemployment rate held steady in July at 6.5 percent. Texas’ unemployment rate remained below the nation’s July unemployment rate of 7.4 percent.
"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.”
The Midland Metropolitan Statistical Area (MSA) had the lowest July unemployment rate in the state at 3.5 percent. The Odessa MSA came in second at 4.2 percent and the Amarillo MSA third at 5.1 percent (not seasonally adjusted).
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