Longview, state unemployment falls again

May 20, 2014, the Longview News Journal

The Longview-area unemployment rate continued to fall in April, marking a second straight month of decline.

At 4.3 percent, it was the three-county metropolitan area’s lowest April rate since 2008, when unemployment hit a low of 3.3 percent, according to data from the Texas Workforce Commission. It was down from 4.8 percent a month earlier, and 5.3 percent a year ago.

Statewide, the April unemployment rate was 5.2 percent, the commission said, down from 5.5 percent in March. A year ago the state unemployment rate was 6.4 percent.

Texas employers in April added 64,100 jobs to payrolls.

Commission officials said eight of the 11 leading industries in Texas experienced growth. Private businesses added 20,100 jobs in April, the largest monthly increase ever recorded for that sector of the economy.

Texas has added 348,000 jobs so far this year.

Workforce Commissioner Ronny Congleton said the state was fortunate to be seeing growth May 2014 Texas unemployment rateacross several industries. “Trade, transportation and utilities is one example of this encouraging trend, adding 16,300 positions in April — the most in the industry in over 20 years,” he said.

Mining and logging added 7,600 jobs, continuing to post the highest annual growth rate of all the state’s major industries, at 7.5 percent. Construction added 7,500 jobs, the strongest monthly increase for that industry since July 2011.

The Midland area had the state’s lowest jobless rate, at 2.3 percent. The McAllen-Edinburg-Mission area had the state’s highest rate at 8.6 percent.

(Read original article here)

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This entry was posted in 2014, Longview, Market trends, Texas, Unemployment and tagged . Bookmark the permalink.

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