Texas’ job growth bounced back in July, but not enough to lower the state’s unemployment rate.
Economists, however, see the signs of a stabilizing labor landscape.
Employers
statewide added 19,900 jobs last month, up from a loss of 3,800
positions in June, the Texas Workforce Commission reported Friday. The
state agency revised June’s figure downward from an initial gain of
5,800 jobs.
“The biggest change I see in the employment data is
stabilization,” said Pia Orrenius, a senior economist for the Federal
Reserve Bank of Dallas. “Some of the volatility — the fiscal cliff and
the sequester [automatic federal funding cuts] — that we saw earlier in
the year is going away, and it looks like that really impacted the
timing of hiring in the state.” Read more...
