Texas Unemployment Lowest In Metros And Energy-Focused Areas
by: Ed Mayberry, May 6, 2013 4:05:00 am
The Texas Workforce Commission says energy-heavy areas such as Midland and Odessa are seeing unemployment rates as low as 3.1 percent. Bankrate.com Washington bureau chief Mark Hamrick says major cities in Texas have unemployment rates below the national and state average.
"It's great to have the energy sector there, but then you have the dynamic economies of Dallas, Fort Worth and Houston and San Antonio that have their own individual dynamics. So, you know, if you have the right skill set, you're in the driver's seat when it comes to finding a job. But we know that, you know, we're in such a rapidly-changing technology environment these days. You know, we buy a cell phone and two years later it's not just obsolete, it's woefully obsolete."
Hamrick says the nation's economy has been hit with challenges, including the evaporation of the payroll tax cut and government spending cuts that took effect recently. Economists are also watching the continued European recession and a slowdown in drilling for natural gas.