55.7 F
Fort Worth
Tuesday, November 24, 2020
Energy Texas unemployment rate improves to 3.9 percent in October

Texas unemployment rate improves to 3.9 percent in October

Other News

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for September delivery rose 31 cents to settle at $41.60 a barrel Monday. Brent crude oil for...

Trump to discuss energy, tour oil rig, raise money in Texas

By DARLENE SUPERVILLE Associated PressWASHINGTON (AP) — President Donald Trump will shift his focus to American energy dominance during a stop in Texas later...

Basic Energy Services makes organizational changes

Fort Worth-based Basic Energy Services, Inc. (OTCQX: BASX) in late May announced the implementation of changes to the organizational structure of the company, reducing...

Texas oil producers were cutting output before Railroad Commission chose not to, Commissioner Christi Craddick says

By Cassandra PollockMay 12, 2020 Texas Railroad Commissioner Christi Craddick on Tuesday doubled down on the agency’s recent decision to not cut oil production and...

AUSTIN, Texas (AP) — The Texas unemployment rate fell for the sixth straight month with an October jobless figure of 3.9 percent, the Texas Workforce Commission reported Friday.

A TWC statement said it’s the lowest unemployment rate in four decades.

September unemployment for Texas was 4 percent. The nationwide jobless rate in October was 4.1 percent, the lowest in nearly 17 years.

The Fort Worth-Arlington Metropolitian Statistical Area (MSA) unemployment rate was 3 percent, down from 3.4 percent in September and 4 percent from a year earlier. The Dallas-Irving-Plano MSA also had an unemployment rate of 3 percent, down from 3.3 percent in September and 3.8 percent a year earlier.

Amarillo and Midland had the lowest unemployment rates in Texas last month at 2.4 percent. The Beaumont-Port Arthur area had the state’s highest jobless rate in October at 6. 3 percent, TWC officials said.

Hurricane Harvey slammed Texas on Aug. 25, leading to storms and heavy rain that swamped parts of Houston, Beaumont and Port Arthur.

The Texas economy added 71,500 seasonally adjusted nonfarm jobs in October. Annual employment growth for Texas was 2.6 percent in October, marking 90 consecutive months of annual growth, according to the TWC.

“By adding an impressive 71,500 jobs over the past month and 316,100 jobs over the year, Texas employers have once again demonstrated their unmatched innovation and ability to achieve success in our country’s premier place to do business,” said Andres Alcantar, TWC chairman.

Leisure and hospitality employment rebounded by adding 34,700 jobs in October, after declines in September due to Harvey-affected business closures, the agency said. Mining and logging employment, which includes the petroleum industry showed a 1.3 percent increase from the previous month, but an increase of 17 percent from a year earlier, indicating that the industry continues to recover from low oil and gas prices of the past two years.


Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Fort Worth firm acquired by Abilene-based Petrosmith

Abilene-based Petrosmith, a leading provider of production equipment and oilfield tubular goods, has acquired the assets of Wellflex Energy Solutions LLC, an engineering, procurement...

GM flips to California’s side in pollution fight with Trump

DETROIT (AP) — General Motors says it will no longer support the Trump administration in legal efforts to end California’s right to set its...

Fort Worth out of running for Space Command HQ, San Antonio still in

A Texas city could still host the U.S. Space Command headquarters, but it’s not going to be Fort Worth. The U.S. Air Force has narrowed...

U.S. Rep. Kay Granger says it’s time for Donald Trump to “move on” as most Texas Republicans remain silent

U.S. Rep. Kay Granger, a high-ranking member of Texas' congressional delegation who is respected among her peers, said Friday she has "great concerns" about...

New law seeks additional fees on electric vehicles. Here’s how many EVs are in Fort Worth and how much it can cost

A Texan lawmaker is attempting to levy additional fees on electric vehicles (EV) that could cost North Texas EV drivers collectively more than $2.5...