The Texas and Abilene economy continued its upward trend of job growth in May 2014 from the same period last year, a new report released by Texas Workforce Commission (TWC) on Friday showed.
A total of 383,100 jobs were added in the past one year in Texas, making it the largest over-the-year job increase in nearly 17 years.
The seasonally adjusted unemployment rate dropped to 5.1 percent in May, down from 5.2 percent in April.
“Texas employers kept our economy moving with 383,100 jobs added over the year, the largest such increase since September 1997. We continue to work with our workforce and education partners to ensure that Texas workers have the in-demand skills required to bolster this impressive job creation,” said Texas Workforce Commission (TWC) Chairman Andres Alcantar.
Governor Rick Perry has welcomed Texas’ economic figures of May and termed the state as the top spot nationwide for jobseekers.
“Texas continues to be the epicenter of job creation in America and today’s numbers are further proof that if you want a job, or your company needs employees, Texas is the best place in America to find both,” Perry said.
According to the Texas Workforce Commission (TWC) report, 81,100 people were employed in May in the Abilene area this year. The figures are slightly up from 81,000 employed in April. Even if Abilene recorded an increase in employed people this May, the number is not very fascinating from the last year. 80,400 people were employed in May last year.
As far as the unemployed people are concerned, it saw an increase by 300 between April and May this year, i.e. from 3,100 to 3,400. That results in a May unemployment rate of 4.1 percent, compared to April’s rate of 3.7 percent. Both unemployment rates are down from the 5.1 percent recorded in May 2013.