TEXAS – During the month of October 2022, border cities such as El Paso, Brownsville, Laredo and McAllen recorded a slight decrease of approximately 1.35 percentage points in their annualized unemployment rate, according to data from the Texas Labor Commission (TWC).
In October 2022, Texas added a total of 49,500 nonfarm jobs. Jobs in the state surpassed the pre-Covid level for the first time in November 2021. From that month through October 2022, it set new highs in openings each month, marking 12 consecutive record periods.
Texas total nonfarm employment reached 13 million 630 thousand jobs in October. The Texas economy has added 694,200 openings since October 2021. The state’s seasonally adjusted unemployment rate remained at 4%, the lowest level since the February 2020 pre-pandemic rate of 3.5%.
“We’ve hit employment records for 12 consecutive months here in Texas, creating more opportunities across the state,” said TWC Chairman Bryan Daniel.
Professional and Business Services led private industry job growth in October, with 18,700 jobs added, followed by Leisure and Hospitality, which grew by 11,600 jobs. Trade, Transportation and Utilities added 7,400 jobs. Also of note, employment in Other Services surpassed its pre-pandemic level in October 2022, with 3 thousand 400 jobs added during the month.
The Amarillo and Austin-Round Rock metropolitan statistical areas (MSAs) recorded the lowest unemployment rates among Texas MSAs, with a non-seasonally adjusted rate of 2.8 percent each in October, followed by Midland at 2.9 percent, and then College Station-Bryan and Lubbock, both at 3.1 percent.
El Paso, recorded a non-seasonally adjusted unemployment rate last October of 4.3, contrasting with the 5.3 achieved in the same month of 2021. Brownsville had a rate of 5.6, down from 6.9 a year earlier.
Laredo registered in October 2022 an unemployment rate of 3.8, in contrast to the 5.3 obtained in the same period of 2021; while McAllen, reached 6.1 at the end of the tenth month of the year, below the 7.7 it registered last year.
According to the figures presented, El Paso closed October 2022 with a total of 15,700 unemployed people, while 348,500 citizens were working. In Brownsville, 9,700 people ended October without work, while 164,400 were employed.
For its part, the city of Laredo reported 4,500 unemployed against 113,400 workers in October 2022; while McAllen counted 22,600 citizens looking for work, contrasting with the 346,000 who were employed at the end of said period.