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Dallas Fed: Texas Adds 28,700 Jobs in February; Unemployment Rates Rise in Nine Major Metro Areas

For immediate release: March 28, 2014

DALLAS—Texas added 28,700 jobs in February, according to seasonally adjusted and benchmarked payroll employment numbers released today by the Federal Reserve Bank of Dallas.

Year to date, the state has added 54,500 jobs. The state added 25,900 jobs in January.

During the first two months of 2014, jobs in Texas grew at an annualized rate of 2.9 percent, compared to 2.5 percent in 2013.

Unemployment rates rose in nine major Texas metro areas in February, according to seasonally adjusted numbers from the Dallas Fed.

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.

The Dallas Fed also recently made available monthly updates of seasonally adjusted employment data by industry at the state and metro levels for Texas.

Next Release Date: April 18

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Media contact:
Alexander Johnson
Phone: (214) 922-5288
Email: alexander.johnson@dal.frb.org

 

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