Edinburgs Unemployment Rate Jumps to 7.4 Percent; Worst Showing in 4 1/2 Years

By David A Diaz - Legislative Media edinburgecondevcorpEdinburg posted a 7.4 percent unemployment rate in June 2009 the worst showing for the three-time All-America City in four and a half years with 2348 residents who were willing and able to work that month  having no luck in finding a job according to the Texas Workforce Commission. The unemployment rate is a key indicator of the strength of the local economy. The latest figure come less than two years after Edinburg had its best showing in the citys history. In November 2007 only 3.7 percent of Edinburgs civilian labor force was unable to find work according to the Edinburg Economic Development Corporation which is the jobs-creation arm of the Edinburg City Council. The June 2009 figures also represent a falling-off from the previous month when the unemployment rate was 6 percent and there were 1872 residents unsuccessfully looking for jobs in May 2009. The June 2009 statistics are also worse than the same time a year earlier. In June 2008 the citys unemployment rate stood at 5.5 percent with 1690 residents jobless but looking for work. According to TWC: • The unemployment rate is the number of persons unemployed expressed as a percentage of the civilian labor force; • The civilian labor force is that portion of the population age 16 and older employed or unemployed; and • To be considered unemployed a person has to be not working but willing and able to work and  actively seeking work. On the plus side Edinburgs unemployment rate was still the best in Valley with even economic powerhouse McAllen struggling also posting a 7.4 percent level of unemployment for June 2009. Hidalgo County fared even worse with all urban and rural areas totaling an 11.1 percent unemployment rate. Cameron County didnt do much better than Hidalgo County with all urban and rural areas in Cameron County totaling a 10.4 percent unemployment rate. Brownsville the largest city in the Rio Grande Valley in June 2009 posted a 10.6 percent unemployment rate. A breakdown of the major cities in the Rio Grande Valley shows that they posted the following unemployment rates in June 2009: • Edinburg 7.4 • McAllen 7.4 • Harlingen 8.4 • Pharr 9.5 • San Benito 9.6 • Mission 9.6 • Weslaco 10.3 • Brownsville 10.6 • San Juan 11.4 Highlights of key figures for Edinburg include: Unemployment rate by month • June 2009: 7.4 percent • June 2008: 5.5 • June 2007: 5.6 • June 2006: 6.2 • June 2005: 5.6 Unemployment rate by year • 2008: 5.0 percent • 2007: 4.8 • 2006: 5.3 • 2005: 4.9 People looking for work by month • June 2009: 2348 • June 2008: 1690 • June 2007: 1651 • June 2006: 1775 • June 2005: 1506 Average of number of people looking for work by year • 2008: 1520 • 2007: 1417 • 2006: 1502 • 2005: 1324 Employed by month • June 2009: 29305 • June 2008: 28933 • June 2007: 28010 • June 2006: 26775 • June 2005: 25619 Average of number employed by year • 2008: 28971 • 2007: 28207 • 2006: 26865 • 2005: 25538 The Texas Workforce Commission maintains a detailed accounting of employment trends for Edinburg and all other cities in the state on its website located at: www.tracer2.com/cgi/dataanalysis/AreaSelection.asp?tableName=Labforce The figures for Edinburg and all other cities only go back to 2005 according to the Texas Workforce Commission because of substantial methodology changes between 2004 and 2005 in estimating city unemployment statistics Texas city data is not available prior to 2005. Because of substantial methodology changes in geographic areas below the state level data from 2005 and 2004 or earlier is not considered comparable the state agency notes. Also according to the Texas Workforce Commission: Texas seasonally adjusted unemployment rate rose to 7.5 percent in June but remained well below the national rate of 9.5 percent. The Texas unemployment rate was 7.1 percent in May. Legislative Media reports on major legislation that affects South Texans.  For more on this and related stories and photographs please log on to www.EdinburgPolitics.com
by is licensed under
ad-image
image
03.13.2025

TEXAS INSIDER ON YOUTUBE

ad-image
image
03.11.2025
image
03.10.2025
ad-image