|County's labor market growing
Payrolls up by 380 in one year
|Bruce Alsobrook | News-Telegram Editor|
Nov. 27, 2005 -- Unemployment in Hopkins County continued to fall in October, dropping a full percentage point from one year before thanks to an increase in the number of jobs locally.
The county also had the second-lowest jobless rate in the area at 4.1 percent, well below the statewide average (5.2 percent)
Better yet, the numbers indicate the labor market in Hopkins County is growing. The numbers show the county added almost 150 jobs to the payrolls of local businesses from September to October. The civilian labor force -- the count of people working or actively seeking work in the county -- rose to 17, 651, up by 99 from September to October. Compared to October of 2004, the CLF increased by 224 people, with a total job growth of 380.
The number of people looking for but unable to find work last month was estimated at 730, down from 778 in September and 156 fewer than in October of 2004.
Overall in the region, the job market was looking good in October. Only one nearby county, Lamar, posted an unemployment rate higher than the state average.
Titus County's rate for October was an even 4 percent, which is 1 percentage point lower than one year ago. Rains County and Franklin County, both posted 4.2 percent unemployment rates in October. One year ago, Rains County unemployment was at 5.7 percent, Franklin County at 4.3 pecent.
Wood County's jobless rate last month was 4.5 percent, down from 5.6 percent in October of 2004. The numbers also show more jobs this year (16,558 compared to 16,484), while the CLF fell from 17,456 in October 2004 to 17,344 last month.
In Hunt County, the CLF and number of people employed both rose significantly from October 2004 to the same month this year. The CLF increased by 569 people to 39,886. In October of 2004, the number of people employed in Hunt County stood at 37,062. Last month there were 38,039 jobs.
Delta County's unemployment rate was the second-lowest in the area at 4.6 percent, but far better than the 7.3 percent recorded one year ago.
Lamar County's jobless rate logged in at 5.2 percent last month, the lowest in the region, but much lower than the 6.1 percent in October of 2004.