Milam jobless rate sliding down
Milam County’s number is dropping, but when it comes to unemployment numbers, that is a good thing. The county’s unemployment rate is down to 7.5 percent according to numbers released by the Texas Workforce Commission last week.
L A BOR FORCE—The TWC figures released Friday show Milam County with a civilian labor force of 10,971 of which 10,146 are employed and 825 unemployed. The labor force increased 87 in Milam County compared to March 2012.
All three numbers are down from the April, 2011 figures, which showed a labor force of 11,351 with 10,312 employed and 1,039 unemployed, for an unemployment rate of 9.2.
Prior to November 2011, unemployment rates have not been below the 10 percent mark since April and May 2011. Prior to that the rate had been above the 10 percent margin since January 2009.
The county’s unemployment rate had been in double figures 30 of the last 39 months.
In April, 2008, before Alcoa announced the first of two threepotline shutdowns at the six-potline plant, Milam’s unemployment rate was 3.9 percent.
Neighboring counties are also seeing a decline in unemployment numbers, with each of the six bordering county’s having below a 7.9 or below jobless rate for last month.
STATEWIDE—The Texas seasonally adjusted unemployment rate decreased in April to 6.9 percent, down from 7.0 percent in March and from 8.0 percent a year ago, continuing to trend well below the national unemployment rate of 8.1 percent.
The Texas unemployment rate has decreased for eight consecutive months.
“Texas continues to perform well and enjoyed steady gains in the goods-producing industries,” said TWC Commissioner Representing Employers Tom Pauken. “The manufacturing industry is showing strong growth, with 6,300 jobs added in April and 25,400 over the last 12 months. Texas continues to be a great place to do business.”