Houston 12-Month Jobless Claims Hit Lowest Level Since 2007
by: Andrew Schneider, January 27, 2012 9:01:00 am
Initial jobless claims for the thirteen counties around Houston fell to less than 20,000 in December, a 10% drop from December 2010. Continuing claims dropped by 21% to 80,000 over the same period.
Patrick Jankowski is vice president for research at the Greater Houston Partnership.
“You look at that and you look at the data for job creation, the 75,000 jobs we created last year — it’s pretty much another sign that Houston’s totally recovered from the recession. Things are totally back to normal here.”
Regional unemployment claims still remain well above the pre-recession norm. Initial jobless claims for 2007, the last full year before Houston entered the recession, were just over 12,000. Continuing jobless claims for the year were 65,000.