Unemployment is a sore subject all over the United States; however, in the state of Texas the numbers of those unemployed show a vast improvement from previous years, and while America might seem to be sinking fast as far as jobs are concerned many Texas residents are finding light at the end of a long dark tunnel.
An October 2012, press release issued by the United States Department of Labor Bureau gave evidence of the shift in unemployment.
The Press Release notes:
“Unemployment rates were lower in October than a year earlier in 329 of the 372 metropolitan areas, higher in 37 areas, and unchanged in 6 areas, the U.S. Bureau of Labor Statistics reported today. Three areas recorded jobless rates of at least 15.0 percent, while 41 areas registered rates of less than 5.0 percent. Two hundred eighty-eight metropolitan areas reported over-the-year increases in non farm payroll employment, 80 reported decreases, and 4 had no change. The national unemployment rate in October was 7.5 percent, not seasonally adjusted, down from 8.5 percent a year earlier.”
According to Bureau statistics, the number of citizens in Texas who were unemployed in 2002 was 600,000 which is 6% of the labor force. Additionally, there were 800,000 people unemployed in 2012 which records an increase of 6.5% in comparison.
Further notes indicate locally there were more than 12,000,000 people registered to work in 2012 compared to over 10,000,000 in 2002. Moreover, in 2002 the number of those employed was just over 10,000,000; while in, 2012 there was a notable increase to more than 11,000,000 people registered which conveys a marked increase for those in the job search market.
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