Jobless numbers down for the month
AUSTIN—Milam County’s unemployment rate dropped almost a full percentage point compared to last month according to numbers released by the Texas Workforce Commission (TWC) on Friday. The county’s jobless rate is at 8.1 percent compared to 9.0 percent for June and July of this year.
TWC figures for Milam County showed a civilian labor force of 11,047 for August, of which 10,154 are employed and 893 are unemployed. The labor force is down 123 from July.
The labor force, along with the amount of people employed and unemployed in Milam County are less than in August 2011. The jobless rate this time last year was 9.6 percent.
Area county unemployment rates either dropped or held steady compared to last month’s jobless numbers.
STATEWIDE—The Texas economy added 38,000 seasonally adjusted nonfarm jobs in August, for a total of 259,500 nonfarm jobs added since last year. Texas’ seasonally adjusted unemployment rate held steady at 7.1 percent in August. The July rate was revised down from 7.2 to 7.1 percent.
The Texas unemployment rate had decreased for eight consecutive months prior to May 2011.
The state’s unemployment rate is down from 8.1 percent a year ago and below the national unemployment rate in August of 8.1 percent. “A major component to Texas’ longterm economic development is consistent job growth, and that is exactly what we are seeing across a number of different industries,” TWC chairman Andres Alcantar said.
Construction jobs grew 13,600 in August, with employers in Professional and Business Services adding 6,900 positions last month, for its fourth straight month of gains. Trade, Transportation and Utilities added 13,100 jobs in August, marking the largest monthly gain since January.