Despite Two Years of Job Growth, Unemployment Inches Up
Texas may have reached a milestone in July, reporting two straight years of job growth. But the unemployment rate inched up again last month, from 7 percent to 7.2 percent, while economic growth remained relatively consistent.
The Dallas Federal Reserve reported at the beginning of August that decelerated growth in the southwest region can be attributed to global and national economic uncertainty. Though job growth has continued throughout 2012, it slowed from 3.2 percent in the first quarter of the year to 1.4 percent in the second.
The Texas unemployment rate is still lower than the national ...
Comments (7)
Jere Douglas via Texas Tribune on Facebook
Just the reported numbers, how about adding in the unreported ones like me?
Luisa Inez Newton via Texas Tribune on Facebook
at serf's wages
Jim Hsu via Texas Tribune on Facebook
"job growth" based on robbing other surrounding states' jobs with employers-approved lowering of requirements for wages and benefits. Yeah....that's the kind of growth we can believe in. And let's not forget silently taking in federal stimulus money while loudly whining about phantom strawman "federal overreach."
Darrell J. Gonzales via Texas Tribune on Facebook
Come on Texas wake up! Private sector business is better than the State funding business; come on Texans! The State agencies take further hits from the Republican Led leadership again; while their stocks gain interests and pockets get bigger!
Robert Adams via Texas Tribune on Facebook
How's that Rick Perry working out for you?
Gary Joslin via Texas Tribune on Facebook
@Jim Hsu - How exactly would one "rob" another state's jobs? Does that suggest people are involuntarily coming over from neighboring states to work?
Than Nguyen
I work with Dallas IT recruiters and they tell me that Texas technology companies are planning to hire more people in the next six months as many key positions continue to remain vacant due to shortage of skilled IT professionals, especially SAP Developers. You should have good chances of getting jobs if you are in the IT Industry and living in Dallas.
Than Nguyen
http://www.insourcegroup.com