February Labor Market Figures
February's rate of 8.1 percent unemployment was just slightly lower than January 2017 rate of 8.2 percent. Overall, job availability staged a small increase in the workforce development area of Jefferson, Orange and Hardin counties, and improved in February, according to Bureau of Labor Statistics data. Reports indicated job growth in the following sectors:
Industry sectors including Trade Transportation and Utilities, General Merchandise Stores, and Retail Trade showed a decline in jobs. Chemical Manufacturing, Wholesale Trade, Transportation, Warehousing, and Utilities are some of the Southeast Texas industry sectors which data indicated maintained job growth for February.
- Mining, Logging and Construction
- Private Service Providing
- Professional Business Services
- Educational and Health Services
- Leisure and Hospitality
- Local Government
The Texas economy grew by 6,700 seasonally adjusted non-farm jobs, according to the press release. The seasonally adjusted unemployment rate increased to 4.9 percent in February with Education and Health Services recording the largest private-industry gains for the month.
“We are still encouraged by reports from our economic development partners of business investments and expansions planned for our area”, commented Marilyn Smith, executive director. “Our Workforce Centers remain ready to connect employers that are ready to hire, to skilled, experienced workers in Southeast Texas.”
Please visit our web-site’s Labor Market and Career Information section, here for more information.
Click on the Labor Market and Career Information (LMCI) link, http://www.lmci.state.tx.us/, and get access to reliable and informative data regarding careers, educational training options and jobs.
*U.S. Dept. of Labor, Bureau of Labor Statistics, 3/24/2017.