LUBBOCK, TX (KCBD) - Lubbock's unemployment rate shot up to 6.0% in June according to numbers released Friday by the Texas Workforce Commission. In May the Lubbock unemployment rate was a laudable 4.6%. The Hub City is still doing much better than Texas with an 8.0% unemployment rate and better than the U.S. with unemployment at 9.7%.
Lubbock has the second lowest rate behind Amarillo at 5.7%, TWC says. Workers in the McAllen area are the worst off, at least in Texas, with an unemployment rate of 11.1%. Below is a deeper look at the numbers.
Lubbock's Labor Force
June 2009: 143,200
May 2009: 142,600
June 2008: 139,800
The certified labor force is the number of people who have a job PLUS the number of people who want a job. According to the Texas Workforce Commission there has been a 2.4% increase in Lubbock's labor force in one year.
Employed Persons
June 2009: 134,600
May 2009: 136,100
June 2008: 133,600
Even though Lubbock's unemployment rate is much higher from this same time a year ago, the good news is that Lubbock has created jobs since June 2008. The problem, of course, is Lubbock didn't create enough jobs to keep up with the needs of the local force. And there was a loss of jobs from May to June.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment