Jobless rates continue to fall
AUSTIN—Milam County’s unemployment rate dropped for the third consecutive month according to numbers released by the Texas Workforce Commission (TWC) on Friday. The county’s not seasonally adjusted jobless rate is at 7.2 percent for October compared to 7.4 percent for September of this year.
TWC figures for Milam County showed a civilian labor force of 11,092 for October, of which 10,293 are employed and 799 are unemployed. The labor force is up 22 from October.
The labor force is also up for Milam County from September 2011 where it was 10,871. The jobless rate this time last year was 9.1 percent.
Area county unemployment rates either dropped or remained steady compared to last month’s jobless numbers.
STATEWIDE—Texas’ seasonally adjusted unemployment rate fell to 6.6 percent in October, down from 6.8 percent in September. The state’s unemployment rate is down from 7.8 percent a year ago, and is well below the national unemployment rate in October of 7.9 percent.
“Private sector employers in Texas continue to drive our state’s economic growth, having added 269,000 jobs over the year for an annual growth rate of 3.0 percent,” TWC Chairman Andres Alcantar said. “The Texas economy continues to show strength compared to the national private sector, which has experienced an annual growth rate of 1.8 percent.”
Leisure and Hospitality employment expanded by 8,700 positions in October. Overall, this industry has added 51,800 jobs over the past year, more than any other industry.
The Midland Metropolitan Statistical Area (MSA) had the lowest September unemployment rate in the state at 3.3 percent. The Odessa MSA came in second at 3.9 percent and the Amarillo MSA third at 4.3 percent (not seasonally adjusted).