Friday, February 11, 2011

Unemployment Rates

10 FEB 2011 Statements released reguarding unemployment:

According to the BLS current population survey (CPS), the unemployment rate for Texas rose 0.1 percentage points in December 2010 to 8.3%. The state unemployment rate was 1.1 percentage points lower than the national rate for the month. The unemployment rate in Texas peaked in April 2010 at 8.3% and is now 0.0 percentage points lower. From a post peak low of 8.1% in September 2010, the unemployment rate has now grown by 0.2 percentage points. You can also see Texas unemployment compared to other states. The number of people unemployed in Texas peaked in May 2010 at 1,008,884. There are now 807 fewer people unemployed in the state. From a recent trough of 982,339 in October 2010, the number of unemployed has now grown by 25,738.

Leading the charge, state Sen. Wendy Davis of Fort Worth drew our attention when she said GOP leaders "are saying our economy is strong even as unemployment skyrocketed in the past two years from 4.3 percent at the beginning of 2008 to 8.3 percent by the end of 2010, even as home sales have declined four straight years, even as Texas has the highest share of minimum-wage workers of any state in the nation, even as Texas has the highest percentage of uninsured, and even as Texas has the most adults who have not earned a high school diploma. These are not signs that our economy is strong."

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