Unemployment rates down slightly in Milam
Unemployment numbers across the state continue to rise to their highest since 1987, according to reports released Friday by the Texas Workforce Commission (TWC). However, jobless numbers in Milam and neighboring counties rebounded slightly for the month.
The unemployment rate in Milam County dropped half a percentage point for the month to 10.2 and was also down twotenths compared to the same time in 2010.
Milam’s August rate was based on a labor force of 10,984 with 9,868 working and 1,116 unemployed. The labor force actually increased six in Milam County compared to last month.
The county’s labor force has declined 344 people compared to August 2010. April and May unemployment numbers in the county were below the 10 percent margin. Prior to that the rate had been above the 10 percent margin since January 2009.
April’s jobless rate of 9.6 was the lowest for Milam County since December 2008. At that time it was the highest since the mid-1980s. The county’s unemployment rate has been in double figures 29 of the last 32 months.
STATEWIDE—Texas’ private sector continued to grow in August, with 8,100 jobs added. The state’s nonfarm employment was up over the year for a total gain of 253,200 nonfarm jobs, despite declining 1,300 jobs in August.
Texas’ seasonally adjusted unemployment rate was 8.5 percent in August, up slightly from 8.4 percent in July, and remains below the nationwide unemployment rate of 9.1 percent.
“ Texas continues to feel the pressures of a stagnant national economy,” said TWC chairman Tom Pauken. “Private sector gains were offset by Government loses of 9,400 jobs in August, including 11,500 jobs lost in Local Government.”
The 8.5 percent is the highest for Texas since 1987, during the state’s mid-1980s oil bust.
The Midland Metropolitan Statistical Area had the lowest August unemployment rate in the state at 4.8 percent. The Amarillo MSA came in second at 5.9 percent, and the Odessa MSA third at 6.5 percent (not seasonally adjusted).