Houston Unemployment Rate Drops to 8.1%

The Bureau of Labor Statistics has released the October numbers on hiring and unemployment rates for metropolitan areas.  Houston is showing improvement in both.

The BLS is reporting Greater Houston's unemployment rate dropped to 8.1% in October. That's down from 8.6% in September. But it's only a slight improvement from the 8.2% measured in October last year.

The Houston area also added 79,500 new jobs between October 2010 and October 2011 — an increase of 3.1%.

That means Houston gets to keep its title as the nation's biggest job creator, at least in absolute terms. Number two Dallas-Fort Worth added just under 49,000 new jobs year-over-year. In percentage terms, the Houston area came in second among the nation's largest metro areas, just behind California's Silicon Valley at 3.2% percent.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...