Friday, August 10, 2012

Texas Unemployment

While viewing Texas’s unemployment I noticed that Texas continues to be one of the few states that have a low unemployment rates and maintain that low rate of unemployment. The national average of unemployment has hovered around 8.3% throughout the year, while Texas has stayed around 7%. From June of last year 2011 to June of this year 2012 Texas has gone from 8.1% to 7.0% unemployment rate. All the while during the same time period Texas has created 231,800 jobs. The biggest metropolitan that has the biggest unemployment rate is the Dallas-Fort Worth area with around 248 thousand from 2012 which is a decent drop of 277 thousand from last year. Houston-Sugar Land area comes in second with around 231 thousand this year which is a drop from last year 2011 as well of 262 thousand. 

While Texas continues to have a low unemployment average and its ability to generate jobs, Texas continues to struggle with its budget either spending too much or cutting back way too much and hurting the programs that has been cut or its budget reduced. Texas ability to generate new jobs, start up new businesses, and having companies move to Texas has done good job to cut down on unemployment and give new opportunities to people who have lost their job or wanted a career change. While the national average of unemployment and the nation’s non ability to generate new jobs continue to stay about the same as they are now and perhaps rise a little bit. Texas has maintained its low average of unemployment, its ability to generate jobs, and good enough economy to get by and be able to survive this recession.

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