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July 20, 2020 Comments Off on Texas Unemployment Drops to 8.6% Views: 723 Texas News, Top Texas

Texas Unemployment Drops to 8.6%

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The Texas economy added 243,900 private sector positions over the past month, lowering the state’s unemployment rate to 8.6%, the Texas Workforce Commission (TWC) said Friday. This is the second consecutive monthly decrease and the lowest rate since March 2020, when the Texas economy was initially impacted by the COVID-19 pandemic. Texas is below the national rate of 11.1%.

“June’s labor market numbers demonstrate we are moving in the right direction,” said TWC chairman Bryan Daniel.

In June, the leisure and hospitality industry added 142,700 jobs. Trade, transportation, and utilities added 44,200 positions, and “other services” added 21,500 positions over the month.

The Amarillo Metropolitan Statistical Area recorded June’s lowest unemployment rate among Texas MSAs with a not seasonally adjusted rate of 6%, followed by the Abilene MSA at 6.4%. The College Station-Bryan MSA recorded the third lowest rate of 6.5%.

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