Regional unemployment rate continues to trend downward.
Waco, Texas ⎯ The regional unemployment rate for the Heart of Texas six-county region continues to trend downward, decreasing to 3.8% in Aug ’22. Unemployment claims also saw a decline, with 703 continuing claims for the month. Jobs for the region decreased by 300 for the month of August, TexasLMI.com reports.
McLennan county recorded the lowest rate at 3.7%, followed by Bosque (3.8%), Hill (3.9%), Falls (4.1%), and Limestone (4.7%). Freestone County continues to remain the highest at 5.8%.
The 3.8% regional unemployment rate was comprised of 6,616 unemployed residents in the region. The Heart of Texas unemployment rate is below the state’s (4.2%) and in line with U.S unemployment (3.8%).
For more information on August 2022 Regional Labor Market data, view our Regional Labor Market Information page. For in-depth information about the Heart of Texas region’s unemployment claims, visit www.TexasLMI.com. Want the latest local labor market information delivered to your inbox? Opt-in here.
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Workforce Solutions for the Heart of Texas provides comprehensive services for businesses and job seekers in its six-county service area, which includes Bosque, Falls, Freestone, Hill, Limestone, and McLennan counties. Workforce Solutions for the Heart of Texas is one of 28 local workforce development boards under the direction of and funded by the Texas Workforce Commission (TWC).
Source: Texas Workforce Commission TexasLMI.com
Note: All unemployment rates listed are not seasonally adjusted. All data reported based on latest TexasLMI.com Labor Market data release as of Aug. 19, 2022.