Employment Update:Texas Leads the Way

Bloomberg News
Published: 20 June 2014 09:47 AM

Texas still leads the nation in producing jobs. Texas employers added 56,400 jobs in May, the most in the nation, figures from the Labor Department showed today.

Payrolls climbed in 36 U.S. states in May and the unemployment rate fell in 20, showing the labor market continued to strengthen across the nation.

Texas led all gainers followed by Pennsylvania with 24,700 more jobs,  the Labor Department reported.

A total of 383,100 jobs were added in Texas in the past 12 months, making it the largest such job increase in the state in nearly 17 years, the Texas Workforce Commission reported.

The state's seasonally adjusted unemployment rate dropped to 5.1 percent in May, down from 5.2 percent in April.

Lowest Unemployment


Midland, Texas, had the lowest unemployment rate at 2.3 percent, while Yuma, Arizona, had the largest year-over-year unemployment rate decrease in April, with joblessness falling 3 percentage points. 

Highest Unemployment

The Yuma area also had the highest unemployment rate in April at 23.8 percent.

Unemployment Rate Drops To 8.6% or did it?

Employment Situation Improving?-Not

TheFinancialPhysician.com
 Today’s non-farm payroll report revealed that 120,000 jobs were created in November slightly less than the 125,000 most economists expected. The real headline in the report is that the unemployment rate declined to 8.6% from 9.0%.
The reduction in the jobless rate stemmed in large part from a decline in the size of the labor force. Some 315,000 people stopped looking for jobs last month, not exactly the sign of a healthy job market. The Administration surely will be touting this number as a sign that things are improving when they are not. As more and more people run out of unemployment insurance and become “discouraged” the jobless rate will continue to decline making it appear that the Administrations policies are working, just in time for an election year.
Labor Force Participation Rate: