Dallas Fed: Texas Adds 42,700 Jobs in July; Unemployment Rates Rise in Nine Major Metro Areas
For immediate release: August 15, 2014
DALLAS—Texas added 42,700 jobs in July, 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 238,170 jobs. The state added 31,700 jobs in June.
In 2014, jobs in Texas have grown at an annualized rate of 3.6 percent. Jobs in Texas grew at a rate of 2.7 percent in 2013.
Unemployment rates rose in nine major Texas metro areas in July, according to seasonally adjusted numbers from the Dallas Fed. The largest rise in the unemployment rate was in El Paso, from 7.1 percent in June to 7.3 percent in July.
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 also are seasonally adjusted by the Dallas Fed.
Next Release Date: Sept. 19
Federal Reserve Bank of Dallas