AUSTIN – Texas unemployment rate continues to drop to historic figures, while the state’s rate for May reached 3.5% seasonally adjusted, stated the Texas Workforce Commission.
During this month, the state added 19,600 non-agricultural jobs, while other jobs classified as services and business surpassed all the categories adding 8,100 positions. On the other hand, the education and health services recorded the second higher place, adding 4,500 jobs in May.
Among the more than two dozen metropolitan statistical areas in Texas, the Midland metropolitan area recorded the lowest seasonally adjusted unemployment rate in May at 1.7%, according to the Workforce Commission, while the McAllen-Edinburg-Mission metropolitan area had the highest rate at 5%.
Mike Davis, an economist at the Southern Methodist University, stressed that this llow unemployment rate is not necessarily surprising considering how fast the Texas economy has been growing.
Source: El Diario de Texas