Dallas Fed: Texas Adds 12,800 Jobs in February; Unemployment Rates Fall in Nine Major Metro Areas
For immediate release: March 26, 2015
DALLAS—Texas added 12,800 jobs in February, according to seasonally adjusted and benchmarked payroll employment numbers released today by the Federal Reserve Bank of Dallas.
The state added a revised 15,200 jobs in January. Through the first two months of 2015, jobs have grown at an annualized pace of 1.4 percent after growing 3.4 percent in 2014.
Unemployment rates fell in nine major Texas metro areas in February, according to seasonally adjusted numbers from the Dallas Fed. The largest fall in the unemployment rate was seen in Brownsville-Harlingen, from 7.3 percent in January to 6.9 percent in February.
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: April 17
Federal Reserve Bank of Dallas