Dallas Fed: Texas Adds 30,700 Jobs in November; Unemployment Rates Unchanged in Five of Nine Major Metro Areas
For immediate release: December 19, 2014
DALLAS—Texas added 30,700 jobs in November, 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 375,100 jobs. The state added a revised 43,900 jobs in October.
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 remained unchanged in five of nine major Texas metro areas in November, according to seasonally adjusted numbers from the Dallas Fed. Rates fell slightly in the El Paso, Fort Worth-Arlington, Laredo and San Antonio-New Braunfels 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 also are seasonally adjusted by the Dallas Fed.
Phone: (214) 922-5288