Jobs in Texas
While much of the nation has been struggling as a result of the national economic crisis, Texas jobs have continued to fair relatively well. Despite this, the most recent data from the Bureau of the Labor Statistics shows that the state’s unemployment rate rose during June.
Joblessness increased 0.4 percent from May’s 7.1 percent to 7.5 percent. Although this rise shows that fewer jobs were available in Texas in June, the state’s unemployment rate is still somewhat below the 9.5 percent national average.
In spite of this, the recently risen jobless rate is proof that the Texas job market has been affected by the recession. In June of last year only 4.8 percent of the state’s population were unable to find work.
According to the most recent statistics, approximately 40,600 Texans lost their jobs during June. The largest job losses occurred in the trade, transportation and utilities sector. Employers in this industry did away with 21,700 jobs in Texas last month. The professional and business services sector also took a large hit in June. The industry saw the loss of 11,900 jobs during the month.
Over the course of the 12 months the largest year-over-year job losses occurred in the construction industry. During the last year employers in this sector have decreased the number of jobs they provide by 11.6 percent. This industry has been severely injured by the housing market crisis. Since real estate agents are struggling to move existing properties, there is little need to build new homes. The good news is that the recent Monster.com job listings report showed that the real estate industry has begun to pick up.
Other sectors that have taken a significant hit over the last year included; mining and logging, which lost 10.2 percent of its jobs, and manufacturing, where employers did away with 8.7 percent of payroll positions.
Only three industries posted year-over-year job gains. The greatest growth was experienced in the health and educational services industry, which increased jobs by 4.5 percent. The government sector saw an increase of 2.7 percent and the leisure and hospitality industry grew by 0.6 percent.
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