Texas Unemployment Rate Drops to 8.1% in September 2010

By
Real Estate Agent with RE/MAX Premier Group

 

The unemployment rate for the state of Texas dropped from 8.3% to 8.1% in September of 2010 according to the Texas Comptroller’s Office.

Since January of 2010, the unemployment rate has been at least 8% in Texas.  The last reported unemployment figure for Dallas Fort Worth was 8.4% in August.

The good news is that both DFW and Texas continue to outperform the United States in employment.  The unemployment rate for the United States remained unchanged at 9.6% in September.

Some other good news from the comptroller’s report:

JOBS:

  • Texas non farm employment increased by 3.700 jobs in September.  Since last September, Texas has actually added 152,800 jobs.
  • Texas shed a total of 95,000 non farm jobs between August and September 2010, BUT government job losses accounted for most of the losses.  When subtracting the government job losses (of which, many were likely US Census jobs), Texas private sector jobs increased by 64,000.

HOUSING:

  • The median home price in Texas has increased by 0.2% over the last year.  The report went on to make the point that Texas real estate values have performed remarkably well compared to many other areas of the US.

 

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