Tyler area employment rate remains steady

Published on Saturday, 29 March 2014 00:27 - Written by From Staff Reports

The Tyler area employment rate remained at 93.9 percent in February.

The latest figures, released Friday by the Texas Workforce Commission, mirror the rate seen here in January and are up from the 93.3 percent employment rate from a year ago.

The local employment rate was on par with Texas and remains higher than the nation’s.

Texas saw an employment rate of 94.1 percent, down slightly from 94.2 percent in January and 93.4 percent in February 2013.

Texas employers added 37,600 seasonally adjusted total nonfarm jobs last month. Those additions, coupled with a revised gain of 43,000 jobs in January, boosted annual growth to 314,200 jobs in Texas.

“Job growth of this magnitude is about much more than just attractive statistics on a printed page; it means more choices and better options for Texas jobseekers, stronger families and communities, and brighter futures for our children,” Gov. Rick Perry said. “The commitment we made more than a decade ago to practicing fiscal responsibility and enacting job-friendly policies continues to pay huge dividends, helping keep Texas the best place in the nation to live, work, build a business or raise a family.”

Lt. Governor David Dewhurst also released a statement Friday in response to the Texas Workforce Commission report on Texas job growth last month.

“Sustained job growth at this level speaks volumes on the efforts of hardworking Texans succeeding on the level playing field we’ve crafted with low taxes, limited spending and sensible regulations over the past decade,” Dewhurst said.

The employment rate in the U.S. lags behind the Lone Star State, at 93 percent in February and January, and 91.9 percent the same time last year.

“The Texas economy added 314,200 jobs over the year for an annual growth rate of 2.8 percent,” Texas Workforce Commission Chairman Andres Alcantar said in a statement. “I encourage job seekers to visit their local Workforce Solutions office to take advantage of the jobs being created across industries in Texas.”

Eight out of 11 major industries expanded during the month. Industries in the private sector added 31,000 jobs in February, for a total of 278,000 added during the year and a 3 percent annual growth rate.

Professional and Business Services added more positions than any other major industry during the month, with 10,600 jobs added.

“Growing at 5.5 percent over the year, Mining and Logging continued to show the highest rate of expansion of any major industry in Texas,” TWC Commissioner Representing Labor Ronny Congleton said. “Growth in this industry and many others in the short and long term is more positive news for job seekers in Texas.”

Financial Activities also recorded positive growth, with 7,400 jobs added over the month. Construction jobs increased by 5,700 in February, for a total of 14,900 jobs added during the last three months.

“In the last year, we have seen broad-based growth in Texas, with all 11 major industries continuing to grow annually, and 10 of those industries posting annual growth rates of 2 percent or higher,” TWC Commissioner Representing Employers Hope Andrade said.

Midland held its longtime streak of having the highest employment rate in the state, at 97 percent, while McAllen-Edinburg-Mission remained at the bottom, with 89.7 percent.