Jobless rate for May slips to 5.1 percent
June 20, 2014 at 1:20 a.m.
AUSTIN (AP) - Job growth kept up in Texas as the unemployment rate declined for a third straight month to 5.1 percent for May, the Texas Workforce Commission announced Friday.
The latest seasonally adjusted jobless rate compares to 5.2 percent unemployment in April, according to commission figures. A total of 383,100 jobs were added in the past 12 months, making it the largest over-the-year job increase in Texas in nearly 17 years.
The Texas unemployment rate was 5.5 percent in March after holding steady in January and February at 5.7 percent.
Nationwide, the jobless rate was unchanged in May at 6.3 percent, the Labor Department reported earlier.
The annual growth rate climbed to 3.4 percent in May, the state's highest since November 2012, the commission reported.