Texas Unemployment – By the Numbers

The Bureau of Labor Statistics recently released detailed employment figures for July 2010. Texas was mentioned once in the overall summary information and tables for having a significant increase in employment from July 2009 to July 2010.  The report highlighted the fact that Texas witnessed an increase of approximately 134,600 jobs during the past year. By way of comparison, California experienced a decrease of over 100,000 jobs in that same span.

The report goes on to breakdown employment figures by sector (construction, manufacturing, etc) and here we see an even clearer picture of the employment situation in Texas.  Here is what the report finds for seasonally adjusted jobs in Texas:

  • Total Jobs – Up from July 2009, Up from June 2010
  • Construction – Down from July 2009, Up from June 2010
  • Manufacturing – Up from July 2009, Up from June 2010
  • Trade/Utilities – Up from July 2009, Down slightly from June 2010
  • Financial – Up from July 2009, Up from June 2010
  • Professional Services – Up from July 2009, Up from June 2010
  • Education – Up from July 2009, Down slightly from June 2010
  • Leisure – Up from July 2009, Up from June 2010
  • Government – Up from July 2009, Down from June 2010

The growth shown is significant, occurs across various sectors, and puts us on an overall growth trend. So, while we continue to hear bad news from the media outlets about unemployment figures and job growth, remember that here in Texas, we are not experiencing the same decline. In fact, our economy is looking stronger and more stable than most of the nation. It’s hard not to listen to the media and its love of big headline bad news, but the truth is life isn’t so bad in Texas!

For a look at the complete report, please click here.

Advertisements

About missionmortgage

A full-service professional mortgage banker providing lending in Texas for over 25 years. Our main office is located at 901 S. Mopac Expwy, Barton Oaks V- Suite 120, Austin, TX 78746 with branches in Lakeway, Houston, and Sealy. Mission Mortgage has been ranked as a Top 10 Mortgage Company in Austin for the past 7 years (Austin Business Journal).
This entry was posted in General Information. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s