El Paso reported an increase in employment during October

EL PASO – In October, employment in El Paso increased an annualized 0.8%, which accounted for 214 jobs, the Federal Reserve Bank of Dallas (Dallas Fed) reported.

According to the most recent economic report, employment gains were driven primarily by trade, transportation and utilities, accounting for a total of 524 jobs.

On the other hand, leisure and hospitality generated 212 jobs during October, while other services created 101 job openings. Likewise, the construction and public administration sectors declined by 230 and 207 jobs, respectively.

The Dallas Fed reported that since the start of the pandemic, El Paso’s payrolls declined by 2.0%, meaning a loss of 6,671 jobs through October 2021.

During that time period, the government sector lost 2,963 jobs, and professional and business services lost 2,050 jobs.

Education and health services dropped 1,704 jobs, while leisure and hospitality declined by 1,524 job openings.

Sectors with employment above February 2020 levels were trade, transportation and utilities, represented by 1,728 jobs, as well as construction and mining with 1,120 jobs.

El Paso’s seasonally adjusted unemployment rate rose slightly to 5.8% in October from 5.7% in September. On the other hand, Texas’ unemployment rate decreased from 5.6% to 5.4%, while the U.S. unemployment rate decreased from 4.8% to 4.6%.

Source: MEXICO-NOW Staff