Dallas Fed: Texas Adds 44,200 Jobs in October; Unemployment Rates Fall in Nine Major Metro Areas
For immediate release: November 21, 2014
DALLAS—Texas added 44,200 jobs in October, 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 344,700 jobs. The state added a revised 33,900 jobs in September.
In 2014, jobs in Texas have grown at an annualized rate of 3.7 percent. Jobs in Texas grew at a rate of 2.7 percent in 2013.
Unemployment rates fell in nine major Texas metro areas in October, according to seasonally adjusted numbers from the Dallas Fed. The largest fall in the unemployment rate was seen in McAllen-Edinburg-Mission, from 8.9 percent in September to 8.6 percent in October.
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: December 19
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