Texas employers continued to expand their payrolls in January with the addition of 10,400 total nonfarm jobs for a total of 310,900 jobs added over the year. In January 2013, Texas reported more than 11 million total nonfarm jobs.
The nearest measurable regions to McKinney are the Dallas-Plano-Irving and Sherman-Denison areas.
Over 2.2 million people were a part of the Civilian Labor Force (CLF) in the Dallas-Plano-Irving area in January 2013, with 151,200 unemployed, for a rate of 6.7 percent. By comparison, in January 2012, those totals less than 2.2 million CLF, 162,900 unemployed, for a rate of 7.4%.
57,500 people were a part of the CLF in the Sherman-Denison area in January 2013, with 4,300 unemployed, for a rate of 7.5 percent. By comparison, in January 2012, those totals 57,500 CLF, 4,500 unemployed, for a rate of 7.9%.
After declining for six consecutive months, the unemployment rate in Texas rose slightly in January to 6.3 percent, and was down nine-tenths of a percentage point over the year. It remained well below the nation’s January unemployment rate of 7.9 percent.
“The Texas economy continues to add jobs and create opportunity, with growth in all 11 major industries over the last year,” said Texas Workforce Commission (TWC) Chairman Andres Alcantar. “I encourage job seekers and employers to visit WorkInTexas.com, or a local Workforce Solutions office, to take advantage of the quality services available to them.”
Eight out of 11 major industries saw positive growth over the month, with Leisure and Hospitality leading the way in hiring for January with 8,900 jobs added. This industry has added 62,500 jobs over the last year for a 5.9 percent annual growth rate.
“It’s good to see so many different opportunities continuing to arise here in Texas,” said TWC Commissioner Representing Labor Ronny Congleton. “For example the Trade, Transportation, and Utilities industry alone has grown by nearly 64,000 jobs over the past year. That’s more than any other industry in Texas.”
The Mining and Logging industry, which includes oil- and gas-related jobs, added 19,700 jobs from January 2012 to January 2013 for a 7.6 percent annual growth rate. The Construction industry grew by 28,500 jobs over the last year for a 5.0 percent annual growth rate.
Private industries in Texas added 15,400 jobs in January, for a total of 304,700 private sector jobs added over the past year. Over the last year the private sector has grown at a rate of 3.4 percent.
The Midland Metropolitan Statistical Area (MSA) had the lowest January unemployment rate in the state at 3.4 percent. The Odessa MSA came in second at 4.1 percent and the Amarillo MSA third at 4.9 percent (not seasonally adjusted).