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01/20/2012

Texas sees third straight monthly drop in jobless rate

Texas added 20,200 nonfarm jobs in December and was up 204,500 for the year, and the state’s jobless rate fell to 7.8 percent in December, the Texas Workforce Commission said Friday.

The jobless rate compared to 8.1 percent in November and 8.3 percent in December 2010, the commission said.

The state’s civilian labor force also grew, by more than 17,000 people in December, and now stands at more than 12.3 million, the commission said.

Texas’ private employers added 10,100 jobs in December, and were up 260,000 over the year. It was the straight monthly decline in the jobless rate.

“Texas continues to see signs of improvement in the labor market,” Tom Pauken, the Workforce Commission chairman, said in a release.

Eight of 11 major industries added jobs in December, the commission said.

Leisure and hospitality added 4,100 jobs, and was up 41,200 for the year.

Manufacturing added 2,200 jobs and was up 25,200 jobs over the year.

Mining and logging added 2,000 jobs, and was up 40,700 jobs over the year. Mining and logging’s growth is highest among all the major industries, the commission said.

Financial activities added 2,100 jobs in December, and was up 18,000 jobs over the year.

Services added 1,600 jobs in December and was up 53,100 jobs over the year.

Fort Worth-Arlington’s jobless rate was 7 percent in December, down from 7.9 percent a year earlier.

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With info coming from TWC I have to wonder how accurate are the statistics, not all unemployed are in TWC database, not all unemp get unemp benefits and many have rec'd all benefits and are no longer making claims. Would like to see full details they use to come up with the stats, being one of the many still unemployed I just don't see this information as being accurate!

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