Posted 1:42 pm Tuesday, November 20, 2012
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Up from 2011, employment remains steady at 93.5 percent
The Tyler area's employment rate remained steady at 93.5 percent in October, the same rate seen here the month before.
Employment for the last two months is up from the 91.8 percent employment rate in the area in October 2011, according to figures released by the Texas Workforce Commission.
“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 percent,” Texas Workforce Commission Chairman Andres Alcantar said in a statement. “The Texas economy continues to show strength compared to the national private sector, which has experienced an annual growth rate of 1.8 percent.”
Texas' employment rate for October was 93.7 percent, up from 92.5 percent in September and 92.4 percent in October 2011.
The nation's employment rate was 92.5 percent last month, a slight jump from the 92.4 percent experienced around the country the month before and 91.5 percent a year ago.
Employers in Texas added 36,000 total nonfarm jobs in October, for a total of 277,400 positions added over the year.
Employment for the last two months is up from the 91.8 percent employment rate in the area in October 2011, according to figures released by the Texas Workforce Commission.
“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 percent,” Texas Workforce Commission Chairman Andres Alcantar said in a statement. “The Texas economy continues to show strength compared to the national private sector, which has experienced an annual growth rate of 1.8 percent.”
Texas' employment rate for October was 93.7 percent, up from 92.5 percent in September and 92.4 percent in October 2011.
The nation's employment rate was 92.5 percent last month, a slight jump from the 92.4 percent experienced around the country the month before and 91.5 percent a year ago.
Employers in Texas added 36,000 total nonfarm jobs in October, for a total of 277,400 positions added over the year.
“I'm encouraged that construction employment surged in October with the addition of 13,600 jobs, the largest monthly gain in recorded history in Texas,” Workforce Commissioner Representing Employers Tom Pauken said. “The construction industry's 8.4 percent growth rate is further evidence that Texas continues to be a great place to build your business.”
During the last year, 10 of 11 major industries in Texas have shown positive growth, and six of the major industries exhibited monthly gains in October.
Education and Health Services grew more than any other field over the month, adding 13,700 jobs for the largest monthly gain in the series' history, the Texas Workforce Commission reported. Throughout the year, the industry added more than 43,000 jobs and is one of four industries in the state showing an annual growth rate of 3 percent or higher.
Leisure and Hospitality positions expanded by 8,700 in October. Overall, the industry added 51,800 jobs during the past year, more than any other field.
“It's good to see the state's unemployment rate drop by half of a point over just the last two months,” Texas Workforce Commissioner Representing Labor Ronny Congleton said. The state's unemployment rate dropped to 6.6 percent in October, down from 6.8 percent in September.
At 96.7 percent, the Midland area had the highest employment rate in the state, and at 89.9 percent the Brownsville-Harlingen and McAllen-Edinburg-Mission areas tied for the lowest employment rate in Texas.
During the last year, 10 of 11 major industries in Texas have shown positive growth, and six of the major industries exhibited monthly gains in October.
Education and Health Services grew more than any other field over the month, adding 13,700 jobs for the largest monthly gain in the series' history, the Texas Workforce Commission reported. Throughout the year, the industry added more than 43,000 jobs and is one of four industries in the state showing an annual growth rate of 3 percent or higher.
Leisure and Hospitality positions expanded by 8,700 in October. Overall, the industry added 51,800 jobs during the past year, more than any other field.
“It's good to see the state's unemployment rate drop by half of a point over just the last two months,” Texas Workforce Commissioner Representing Labor Ronny Congleton said. The state's unemployment rate dropped to 6.6 percent in October, down from 6.8 percent in September.
At 96.7 percent, the Midland area had the highest employment rate in the state, and at 89.9 percent the Brownsville-Harlingen and McAllen-Edinburg-Mission areas tied for the lowest employment rate in Texas.
