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Home News-Telegram News County’s jobless rate is still lowest in the area

County’s jobless rate is still lowest in the area

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Unemployment in Hopkins County remained the lowest in the region in June, with the county labor market adding more jobs compared to both one year ago and the previous month.

Hopkins County’s unemployment rate last month stood at 6.3 percent, according to a report released Friday by the Texas Workforce Commission, up from 4.3 percent in June of 2008. The rate was also noticeably higher than May’s 5.4 percent.

The upturn was not unexpected for several reasons. First, the economy as a whole is obviously struggling. Second, the 4.3 percent recorded one year ago was unusually low — only two other times in this decade has the month of June had a jobless rate equal to that.

Finally, the the jobless rate almost always goes up from May to June because so many more people start looking for work when school ends for the summer break. Invariably, that means more job seekers than available jobs, and that means more people in the ranks of the unemployed.

The good news is that even with the jobless rate jumping 2 percentage points from a year ago and almost a full point from May the county also had a lot more people working in June.

The number of employed people in Hopkins County last month was estimated by the workforce commission at 17,161. That’s a good deal more than the 16,996 reported in May, and 383 more jobs than one year ago.

The county’s 6.3 percent was the lowest unemployment rate in the immediate area. None of the seven nearby counties recorded anything less than a 7.1, and four were over 8 percent.

Following Hopkins County were Franklin County at 7.1 percent (up from 5 percent in May, 4.4 percent from a year ago); Titus County at 7.8 percent (6.5 percent and 4.6 percent); Wood County with 8.1 percent (7.1 percent and 5.1 percent); Rains County at 8.2 percent (7.2 percent and 5.4 percent); and Delta County at 8.8 percent (7.2 percent and 5 percent).

Two counties also saw the total number of people employed fall from a year ago. In Hunt County, the number of people working dropped from 36,365 in June of 2008 to 35,903 last month. Delta County’s count of people with jobs, meanwhile fell by 29 to 2,193 last month.

 

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