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Texas unemployment for October down slightly to 4.7 percent

Texas has added an estimated 207,500 jobs over the past year, according to the Texas Workforce Commission.
Texas has added an estimated 207,500 jobs over the past year, according to the Texas Workforce Commission. AP

Texas added about 13,700 jobs in October, and the state’s unemployment rate dipped to 4.7 percent, according to the Texas Workforce Commission.

The commission said Friday that the adjusted unemployment rate is down slightly from the 4.8 percent recorded in September. The national unemployment rate for October was 4.9 percent.

The jobless rate in the Metroplex declined even more. The unemployment rate in Fort Worth-Arlington, which is not seasonally adjusted, declined to 3.8 percent in October from 4.2 percent in September. In DFW, the rate declined to 3.6 percent from 4.1 percent.

Commission Chairman Andres Alcantar says the Texas economy has added an estimated 207,500 jobs over the past year.

Separately, the Federal Reserve Bank of Dallas revised upward its estimate of job growth for September to 28,000, and said jobs have increased this year at an annualized pace of 1.5 percent.

“Overall, broad indicators of the Texas economy continue to point toward moderate growth in the months ahead,” said Keith R. Phillips, assistant vice president and senior economist at the Dallas Fed. “With the stabilization of the energy sector and some recent improvement in the manufacturing sector, the Texas economy is on solid ground and will likely improve moderately in 2017.”

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