San Angelo's Unemployment Rate Low

Based on the latest reports from the Texas Workforce Commission, the employment rate in San Angelo has remained constant over the past few months. 

Employment in trade, transportation, and utilities employment increased with the addition of 500 jobs. 

According to the Texas Labor Market Review within in the entire state, “The industry also added 55,300 jobs since the beginning of the year and is currently on pace for the second-strongest calendar year in series history”.

The increase in jobs marks the largest over-the-month increase in series history. 

Leisure and Hospitality saw a 3.7 percent employment decrease with the loss of 200 positions in November.  The Mining, Logging and Construction industry also reported a decrease in jobs.  

The Texas Labor Market review states, “Construction employment remained flat in November following a loss of 4,100 positions in October. Over the past three months, the industry contracted by a total of 1,800 positions, a reversal of 2012’s gain of 7,500 jobs over the same time frame. The industry added 13,300 jobs over the year for a 2.2 percent growth rate.”

The report said this has been the slowest pace of annualized job creation for Construction since 2011.

Employment in Mining and Logging dropped 1,300 positions in the state of Texas and saw a 5.9 percent decrease of employment in the San Angelo area during the past month. 

“Despite the recent drop, the industry added a total of 800 jobs over the past three months. Mining and Logging’s year-to-date gain of 10,600 jobs in November 2013 trailed the pace set in each of the prior three years,” stated the report.

Mining and Logging employment increased by 13,700 jobs over the year, and the resulting annual growth rate of 5 percent marked the slowest pace of annualized growth for the industry since June.

With a measure of 2,632 individuals currently unemployed in San Angelo, the unemployment rate stands at 4.6 percent. The number remains lower than the state’s 5.8 percent unemployment rate and is 2 percent lower than the national rate. 

For more information regarding the Texas Labor Force visit www.cvworkforce.org.