Milam’s jobless rate fall slightly
The county’s July rate was at 7.4 percent, compared to 7.5 in June.
All but one neighboring county also saw a decrease in unemployment numbers for the month. Burleson County was the only area increase, jumping 0.1 percentage point. The five other area counties saw decreases ranging from one-tenth to half a percentage point.
TWC figures for Milam County showed a civilian labor force of 11,060 for July, of which 10,243 are employed and 817 are unemployed.
The labor force is down for the county from July 2012 where it was 11,244. Jobless rate this time last year was 8.6 percent, with 967 people unemployed.
STATEWIDE—Texas’ seasonally adjusted unemployment rate was unchanged for the month, staying at 6.5 in July. It remains to be below the national unemployment rate in July of 7.4 percent, down two-tenths from the previous month’s numbers.
The Texas economy added 19,900 seasonally adjusted total nonfarm jobs in July for a total of 293,000 jobs added since July 2012.
“As of July, Texas has maintained a positive annual growth rate for 39 straight months,” said TWC Chairman Andres Alcanter. “Financial Activities led the way in July with 9,000 added jobs; the largest monthly increase in that major industry since 1998.”
Midland Metropolitan Statistical Area (MSA) had the lowest May jobless rate in the state at 3.5 percent. The Odessa MSA came in second at 4.2 and the Amarillo MSA third at 5.1 (not seasonally adjusted).