Dallas Fed: Texas Adds 8,300 Jobs in March; Unemployment Rates Fall in Nine Major Metro Areas
For immediate release: April 18, 2014
DALLAS—Texas added 8,300 jobs in March, 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 67,290 jobs. The state added 33,100 jobs in February.
During the first three months of 2014, jobs in Texas grew at an annualized rate of 2.1 percent. Jobs in Texas grew at a rate of 2.5 percent in 2013.
Unemployment rates fell in nine major Texas metro areas in March, according to seasonally adjusted numbers from the Dallas Fed. The largest declines in unemployment rates were seen in the El Paso (8.1 percent in February to 7.6 percent in March) and Brownsville-Harlingen (9.5 percent in February to 9 percent in March) metro areas.
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.
Next Release Date: May 16
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