Milam County, area rates jump for January
AUSTIN—Milam County’s unemployment rate jumped seven-tenths of a point for the month, with its seasonally adjusted jobless rate at 8.5 percent for January, according to numbers released by the Texas Workforce (TWC) on Friday.
Milam County’s unemployment rate was 7.8 percent in December.
The significant jump for the county was actually the lowest in the area, where some neighboring counties saw increases from 0.8 to 1.0 percent for the month.
TWC figures for Milam County showed a civilian labor force of 11,149 for January, of which 10,196 are employed and 953 are unemployed. The labor force is up 109 from December.
The labor force is up for Milam County from January 2012 where it was just 11,109. The jobless rate this time last year was 8.9 percent.
STATEWIDE—Texas’ seasonally adjusted unemployment rate rose slightly to 6.3 percent in January, up from 6.1 percent in December. The state rate had been declining for six consecutive months prior to January.
However, it remained well below the national unemployment rate in January of 7.9 per- cent. The U.S. rate rose one-tenth compared to last month.
“The Texas economy continues to add jobs and create opportunity, with growth in all 11 major industries over the last year,” said TWC chairman Andres Alcantar.
Eight out of 11 major industries saw positive grown over the month, with Leisure and Hospitality leading the way in hiring for January with 8,900 jobs added. This industry has added 62,500 jobs over the last year for a 5.9 percent annual growth rate.
Private industries in Texas added 15,400 jobs in January, for a total of 304,700 private sector jobs added over the past year. Over the last year the private sector has grown at a rate of 3.4 percent.
The Midland Metropolitan Statistical Area (MSA) had the lowest January unemployment rate in the state at 3.4 percent. The Odessa MSA came in second at 4.1 percent and the Amarillo MSA third at 4.9 percent (not seasonally adjusted).