Dallas Fed: Texas Adds 21,200 Jobs in January; Unemployment Rates Fall in Nine Major Metro Areas
For immediate release: March 7, 2014
DALLAS—Texas added 21,200 jobs in January, according to seasonally adjusted and benchmarked payroll employment numbers released today by the Federal Reserve Bank of Dallas.
The state added 18,000 jobs in December 2013.
Unemployment rates fell in nine major Texas metro areas in January, according to seasonally adjusted numbers from the Dallas Fed. El Paso saw the largest decline in unemployment rate, falling from 8.3 percent in December to 7.8 percent in January.
The Dallas Fed improves the Bureau of Labor Statistics' (BLS) payroll employment estimates for Texas by incorporating preliminary benchmarks into the data in a more timely manner and by using a two-step seasonal adjustment technique. Texas metropolitan area unemployment rates from the BLS are also seasonally adjusted by the Dallas Fed.
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