August Unemployment Rate Drops For Lubbock & South Plains, Remains Steady for Texas
Job losses were seen in some sectors in the Lubbock MSA, with the service providing sector losing 600 jobs from July 2012 into August.
Job losses were seen in some sectors in the Lubbock MSA, with the service providing sector losing 600 jobs from July 2012 into August.
The number of unemployed for July of this year is only slightly higher than last months, showing 9,672 people unemployed across the Lubbock MSA, barely up from June’s 9,643.
Statewide, Texas’ unemployment rate rose to a seasonally adjusted 7.0 percent for June, up from May 2012’s 6.9 percent, and still down from June 2011’s 8.6 percent.
The state's unemployment rate remained flat in May, as the state continued to add jobs.
The only Lubbock sector to shrink is local government, which dropped from April 2011’s 15,000 to April 2012’s 14,800, a 1.3 percent decrease.
The group chooses how well a region can grow by looking at the metropolitan statistical area’s monthly employment data. Lubbock’s metropolitan statistical area includes Lubbock and Crosby Counties.
The benefits to be ended are the federally funded Extended Benefits (EB).
Texas unemployment rate has dropped to 7.1 percent
The program provides up to $2,000 in hiring incentives to hire and retain out-of-work Texans, particularly those who have received or exhausted employment benefits.
The biggest employment gains were seen in the Transportation, Warehousing, and Utilities sector for the Lubbock Metropolitan Statistical Area.