Texas

Texas economy added 32,600 jobs in January and unemployment remains at level

While Texas added 32,600 private sector jobs, the state’s unemployment rate remained stable at the turn of the year. This is half of the raw work added in December 2020.

Texas’s seasonally adjusted unemployment total for January 2021 is fixed at 958,746.

Data from regional unemployment statistics

The unemployment rate is on par with the rest of the country, recovering significantly from the surge almost a year ago. Still, it’s more than double the 2019 twilight lows.

The Amarillo metropolitan area continues to record the lowest unemployment rate in the state with an unemployment rate of 4.9% in January, maintaining the same level as the unemployment rate in December 2020.

The Austin-Round Rock and College Station-Bryan area is just behind in the mid-5% range.

Texas mug

“Continuous employment growth in January is a promising sign of an economic recovery,” said Brian Daniel, chairman of the Texas Labor Relations Commission.

Specific industries that have improved are the mining and logging and financial activities sectors, each of which has increased employment by more than 1 percent. However, mining and logging employment remains 24% below January 2020 levels.

The Professional and Business Services sector recorded the largest increase in raw employment, adding 12,800 jobs.

Meanwhile, the government cut 1,800 jobs from December to January.

The areas that continue to struggle are Odessa, McAllen-Edinburg and Beaumont-Port Arthur, each with an unemployment rate of over 11%. This shows that the impact of the pandemic on the trade and energy industries remains clear and focused.

The state withdrew most of its coronavirus restrictions this month. This should have a positive impact on future unemployment, but the industry will continue to struggle to recover if consumption remains low due to behavioral precautions.

But as more and more vaccinations are given, the problem also begins to erode.

February unemployment statistics will be released later this month.



Texas economy added 32,600 jobs in January and unemployment remains at level

Source link Texas economy added 32,600 jobs in January and unemployment remains at level

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