Texas employers expanded payroll by 19,100 jobs in November, but the State unemployment rate is still high, the Texas Workforce Commission said Friday.
Jobs gain was the second monthly increase after a string of job losses this summer. But it's nice to below approximately 60,000 jobs is added in October, according to revised figures released Friday.
November employment increase pay included a net gain of 11 500 non-governmental jobs. Private sector employers have added jobs every month this year.
"Overall, it is a good report," says Eugenio Aleman, an economist which recounts the economy in Texas at Wells Fargo securities of Charlotte, N.C. "our hope is that Texas employment growth will continue in December and January and February." He was not going to be strong, but it will be sustainable. »
The State unemployment rate rose to 8.2% from 8.1% in October, but remains well below the average 9.8%.
In addition, the increase from November may be a sign that the prospects for employment are improve enough that people who had given up looking for work have now started research job, said Aleman.
Persons who are not actively seeking work are not counted as unemployed.
Yet, at 8.2%, the unemployment rate is exactly where a year - ago reflecting the discrete recovery rate. The unemployment rate reached 8.3% more this year.
"We were really concerned," said Mike Davis, an economist at the Cox School of business at Southern Methodist University.
"If people don't have jobs, they will be miserable and which will significantly slow the rate of recovery," he said. "Even if they have no jobs, but they find that their neighbours have no jobs, they will be very cautious about spending."
Nationally, Nevada has continued to register the highest unemployment among all States in November, 14.3%, according to the U.S. Bureau of Labor Statistics.
California and Michigan had the second rate to 12.4%. Florida was next, with 12%.
North Dakota had rates down to 3.8%, followed by 4.5 percent South Dakota and Nebraska to 4.6%. But the combination of all three States population is approximately half of the population in the Dallas-Fort Worth area.
Added more than Texas jobs than any other State in November. But in terms of percentage gain of 0.2 percent of the State was less Alaska jump 1.6% increase of 0.4% of Oregon and an increase of 0.3 percent of the Mississippi River and New Jersey.
Texas last month, nine of the 11 major employment categories added jobs.
Government employment increased by 7 600 jobs, trailed by professionals and business, with a gain of 5,600 services. Added employers 4,700 jobs leisure and hospitality.
In trade, transport and utilities category consisting of retail, payroll fell 2 200 jobs.
Worse still, manufacturing employment declined by 6,000 - its largest monthly decline since July 2009. The sector had acquired jobs during the first 10 months of the year and Aleman said wait for employment increases in the coming months.
Area D - FW earned 4,600 jobs in November.
Texas has acquired more than 213,000 jobs during the first 11 months of 2010, after losing more than 350,000 jobs in 2009.