Heart of Texas Regional unemployment rate plummets to 3.5%
Waco, Texas ⎯The regional unemployment rate for the Heart of Texas six-county region continues to trend downward in 2022. The regional rate slid to 3.5% in March, down from 4.2% in February. Unemployment claims increased, with 777 continuing claims in March. Job growth continues in the Heart of Texas area, with over 500 jobs added in March and 7,900 new jobs recovered since March of 2021, as reported on the Texas Workforce Commission’s TexasLMI.com.
The regional unemployment rate of 3.5% for March is comprised of 6,105 unemployed residents in the Heart of Texas area. The region’s unemployment rate is below the state’s (3.9%) and the national unemployment (3.8%), which both saw decreases as well.
All six counties in the Heart of Texas region recorded decreases in unemployment rates. Bosque County recorded the lowest unemployment rate in March at 3.3%. McLennan and Hill Counties followed at 3.4%, and Falls County at 3.6%. Limestone County’s rate was 4.5%, and Freestone County was 5.4%.
For more information on the March 2022 Labor Market data, please view our Labor Market Profile. For in-depth information about the Heart of Texas region’s unemployment claims, please visit www.TexasLMI.com. Want the latest local labor market information delivered to your inbox? Opt in here.
Workforce Solutions for the Heart of Texas is a recruiting, screening, and training organization, solving workforce-related problems in partnership with our business community. We provide continuous, customized, comprehensive one-stop business solutions. We partner with businesses to find flexible, innovative workforce services to accommodate business needs.
For no-cost employer services including custom labor market reports for your industry, quality candidate referrals, hiring fairs/customized hiring events, and more, contact our Business Solutions team by email at email@example.com or by phone at 254-296-5201.
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.