Jobless rate drops below 10 percent
The unemployment rate for Milam County dropped to 9.8 percent for the month, down from 10.2 in October. That is also better than the 10.2 percent from November 2010.
Milam’s October rate was based on a labor force of 10,639 with 9,598 working and 1,041 unemployed. The labor force decreased 289 in Milam County compared to last month.
Unemployment rates have not been below the 10 percent mark since April and May of this year. 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 30 of the last 34 months.
STATEWIDE—Texas’ seasonally adjusted unemployment rate was 8.4 percent in October, down slightly from 8.5 in September, and remains below the nationwide unemployment rate of 9.0 percent, which is also down just one-tenth from 9.1 last month.
Texas’ private sector continued to grow in October, adding 13,500 jobs. Texas’ total nonfarm employment has expanded 231,600 jobs over the year. Overall, Texas added 2,500 jobs over the month. The state has experienced positive annual job growth in the past 18 months.
“Private employers continue to invest their capital in the growing Texas workforce,” said Texas Workforce Commission (TWC) Chairman Tom Pauken. “The private sector has added an impressive 286,200 jobs since October 2010, for a growth rate of 3.4 percent.”
The Midland Metropolitan Statistical Area (MSA) had the lowest September unemployment rate in the state at 4.5 percent.