EL PASO, TX – During the month of February 2023, Texas border cities showed a slight decrease in their annualized unemployment rate, with the exception of El Paso, which saw an increase compared to the same period last year.
Texas added 58,200 jobs in February 2023. The state totaled 13,831,900 nonfarm jobs. The month also marked two full years of uninterrupted monthly job growth for the entity.
Since February 2022, 611,400 jobs have been added in Texas. Texas’ seasonally adjusted unemployment rate increased 0.1 percentage points to 4.0%. However, the civilian labor force increased by 64,800, which marked the largest monthly increase since September 2020.
“The last 24 months of uninterrupted job growth show the strength of the Texas economy and continued economic opportunities for Texans,” said TWC President Bryan Daniel.
Professional and Business Services led job growth in February with 30,300 jobs added, followed by Private Education and Health Services, which grew by 12,500 positions. Trade, Transportation and Utilities added 5,800 jobs during the month.
The Midland Metropolitan Statistical Area (MSA) recorded the lowest unemployment rate among Texas MSAs with a non-seasonally adjusted rate of 3.0 percent in February, followed by Amarillo at 3.5 percent, then Austin-Round Rock at 3.7 percent.
El Paso, recorded a non-seasonally adjusted unemployment rate this past February of 5.1, contrasting with the 4.7 achieved in the same month of 2022. Brownsville had a rate of 6.3, down from 6.4 a year earlier.
Laredo registered in February 2023 an unemployment rate of 4.9, remaining unchanged compared to the same period of 2022; while McAllen, reached 6.8 at the end of the second month of the year, below the 7.2 it registered last year.
According to the figures presented, El Paso closed February 2023 with a total of 19,200 unemployed persons, while 361,200 citizens were working. In Brownsville, 11,500 people ended February without work, while 170,100 were employed.
The city of Laredo reported 5,800 unemployed against 113,800 workers in February 2023; while McAllen counted 26,100 citizens looking for work, contrasting with the 356,600 who were employed at the end of said period.