Texas economy

Texas economy adds 32,600 jobs in January, unemployment rate remains at level

The state’s unemployment rate held steady at the turn of the year while Texas added 32,600 private sector jobs. This is half of the gross jobs added in December 2020.

Texas’ seasonally adjusted total unemployment for January 2021 is set at 958,746.

Data from local unemployment statistics

The unemployment rate is comparable to that of the country as a whole and has recovered considerably from its surge nearly a year ago. Yet it is still more than double its lowest point during the twilight months of 2019.

The Amarillo metro area continues to have the lowest unemployment rate in the state with a rate of 4.9% in January – remaining at its December 2020 rate.

The Austin-Round Rock and College Station-Bryan areas follow closely in the mid-5% range.

The Texan cup

Texas Workforce Commission Chairman Bryan Daniel said, “January’s continued job growth is a promising sign for our economic recovery.”

The particular industries that improved were the mining and logging and financial activities sectors, each increasing employment by 1% or more. However, employment in the mining and forestry sector remains 24% below its January 2020 level.

The professional and business services sector posted the largest gross increase in employment, adding 12,800 jobs.

The government, meanwhile, cut 1,800 jobs from December to January.

Areas that continue to struggle are Odessa, McAllen-Edinburg and Beaumont-Port Arthur, each above 11% unemployment, indicating that the effect of the pandemic on trade and the energy industry is always clear and focused.

The state rolled back most of its coronavirus restrictions this month, which should have a positive impact on unemployment going forward, but if consumption remains weak due to behavioral precautions, industries will continue to struggle. to recover.

However, as more and more vaccines are administered, this problem will also begin to subside.

February unemployment statistics will be released later this month.