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Texas jobless rate continues to grow despite job creation




By www.EmploymentCrossing.com

 
Texas employers added 7,300 jobs in November, but the state's jobless rate edged up to 5.7 percent nonetheless, according to the Texas Workforce Commission.
 
The Texas unemployment rate is still a full percentage point below the national rate, which was 6.7 percent in November. The U.S. economy has been in recession since December 2007, and it has lost jobs every month this year.
 
The state's job market is expected to continue slowing next year, as businesses tighten up their operations and eliminate more jobs. But the state's employment growth in November was impressive in a month when the US economy as a whole lost 533,000 jobs.
 
Texas' leisure and hospitality industry gained 4,300 jobs last month, while education and health services grew by 2,100 positions.
 
The natural resources and mining sector added 1,900 jobs. Manufacturing lost 2,200 jobs in November. Construction saw no change.
 
Although the state has continued to add jobs, the 5.7 percent jobless rate represents a sharp increase from November 2007, when the rate was 4.2 percent.
 
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