Texas Lost 6,500 Jobs in August, Unemployment Rate at 6.4 Percent
Today’s jobs report for Texas comes with good news and bad news.
The bad news is that the state lost 6,400 jobs in August, the Texas Workforce Commission reported today. That’s the third monthly job loss so far this year — and also a departure from the national trend of slow but steady job gains since January.
The good news is that the agency revised July’s job gain of 19,900 upward to 36,800 jobs. And Texas’ seasonally adjusted unemployment rate fell to 6.4 percent from 6.5 percent in July – and from 6.8 percent in August 2012. That rate is well below the U.S. unemployment rate of 7.3 percent for August.
Update at 9:45 a.m.: The Dallas area gained 11,400 jobs in August and its unemployment rate fell to 6 percent from 6.4 percent in July. The Fort Worth area gained 4,100 jobs in August and its unemployment rate fell to 5.9 percent from 6.3 percent in July.