Dallas Fed: Texas Adds 20,300 Jobs in May; Unemployment Rates Fall In Eight Major Metro Areas
For immediate release: June 19, 2015
DALLAS—Texas added 20,300 jobs in May, according to seasonally adjusted and benchmarked payroll employment numbers released today by the Federal Reserve Bank of Dallas.
The state added a revised 11,400 jobs in April. Through the first five months of 2015, jobs have grown at an annualized pace of 1.1 percent after growing 3.6 percent in 2014.
Unemployment rate movements fell in eight major Texas metro areas in May, according to seasonally adjusted numbers from the Dallas Fed. The largest fall in the unemployment rate was seen in Brownsville-Harlingen, from 7.0 percent in April to 6.7 percent in May
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: July 17
Federal Reserve Bank of Dallas