Houston Unemployment Falls To 7.6%
by: Andrew Schneider, December 16, 2011 12:12:00 pm
The fall in Houston’s unemployment comes against the backdrop of a statewide decline in jobless claims. The state’s seasonally adjusted unemployment rate dropped to 8.1% in November. That’s down from 8.4% in October and below the national average of 8.6%.
Patrick Jankowski is vice president of research at the Greater Houston Partnership.
“The unemployment rate is calculated by how many people are actually actively looking for work, and you can see the unemployment rate go down in a recession cause people simply say, ‘I’ve given up looking.’ But that’s not the case for Houston. We’ve got the unemployment rate going down at the same time more people are entering the workforce, which is a sign of a very healthy labor market here in Houston.”
Nine of the eleven major industries in Texas added jobs in November — led by increases in leisure & hospitality, financial activities, and mining & logging. Construction and government were the only two sectors posting declines.
Among Texas metro areas, Midland had the lowest November unemployment rate in the state at just over 4%. Brownsville had the highest at more than 11%.