Area jobless rate drops again in August
HARLINGEN — The Brownsville-Harlingen jobless rate for August dropped to 6.2 percent for the month, a full percentage point below the 7.2 figure of August 2017.
In the McAllen-Edinburg-Mission Metropolitan Statistical Area, the numbers were even better, with that area showing an August rate of 6.6 percent, down from 7.0 percent in July, and fully 1.2 percent better than in August 2017. Statewide, the Texas economy added 32,000 seasonally adjusted nonfarm jobs in August, which marks 26 consecutive months of employment growth. For the year, Texas has added 394,500 jobs for an annual employment growth rate of 3.2 percent.
Private-sector employers added 32,800 positions over the month. Texas’ seasonally adjusted unemployment rate dropped to 3.9 percent in August, down slightly from 4.0 in July 2018.
“The Texas labor force continues to provide employers with the skills and expertise needed to keep the Texas economy growing,” said TWC Commissioner Representing Labor Julian Alvarez. “TWC is continually committed to developing innovative workforce programs and supporting Texas businesses with a skilled talent pipeline that is unmatched throughout the nation.”
August’s annual growth in the state’s Goods Producing industries was strong at 6.4 percent. Manufacturing led the three Goods Producing industries, adding 3,200 jobs followed by Mining and Logging with 2,700 jobs and Construction, which added 900 jobs over the month.
In Texas’ Service Providing sector, Professional and Business Services led all major industries and added 10,300 positions over the month. Also within this sector, Trade, Transportation and Utilities added 8,700 positions followed by Education and Health Services with a gain of 5,300 positions.
The Midland MSA recorded the month’s lowest unemployment rate among Texas MSAs with a non-seasonally adjusted rate of 2.2 percent, followed by the Amarillo and Odessa MSAs with rates of 2.8 and 2.9 percent, respectively. The Austin-Round Rock MSA recorded the fourth lowest rate of 3.0 percent for August.