Dallas Fed: Texas Adds 52,600 Jobs in April; Unemployment Rates Fall in Nine Major Metro Areas
For immediate release: May 16, 2014
DALLAS—Texas added 52,600 jobs in April, 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 124,020 jobs. The state added 12,400 jobs in March.
In 2014, jobs in Texas have grown at an annualized rate of 3.3 percent. Jobs in Texas grew at a rate of 2.5 percent in 2013.
Unemployment rates fell in nine major Texas metro areas in April, according to seasonally adjusted numbers from the Dallas Fed. The largest declines in unemployment rates were seen in the Laredo (6.1 percent in March to 5.7 percent in April) and San Antonio (5.2 percent in March to 4.8 percent in April) 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.
Federal Reserve Bank of Dallas
Phone: (214) 922-5288