Dallas Fed: Texas Adds 35,200 Jobs in December; Unemployment Rates Fall in Nine Major Metro Areas
For immediate release: January 23, 2015
DALLAS—Texas added 35,200 jobs in December, according to seasonally adjusted and benchmarked payroll employment numbers released today by the Federal Reserve Bank of Dallas.
The state added a revised 29,200 jobs in November.
Texas added 408,800 jobs in 2014. Jobs grew at an annualized rate of 3.6 percent in 2014 and 2.7 percent in 2013.
Unemployment rates fell in nine major Texas metro areas in December, according to seasonally adjusted numbers from the Dallas Fed. The largest fall in the unemployment rate was seen in El Paso, from 6.8 percent in November to 6.1 percent in December.
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: March 6
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