The New York Times rambles, and mangles mortgages along the way

The New York Times rambles, and mangles mortgages along the way

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Lending / The Ticker

Texas keeps adding jobs

Unemployment rate falls in 9 major cities

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The job market in Texas just keeps growing. The Lone Star state added 52,600 jobs in April and has now added 124,020 in 2014, according to the Federal Reserve Bank of Dallas.

Jobs in Texas have grown at a rate of 3.3% in 2014. That’s up from 2013, when jobs grew at a rate of 2.5% in the state.

Texas' statewide unemployment rate is 5.2%. That’s the lowest it’s been since September 2008. Unemployment has either dropped or remained constant in every month for three straight years.

In nine major metro areas in the state, the unemployment rate dropped from March to April. In Brownsville-Harlingen, unemployment dropped from 8.9% to 8.7%, while El Paso dropped from 7.6% to 7.3%. In McAllen-Edinburg-Mission, unemployment fell 0.3% from 9.7% to 9.4%.

Laredo fell from 6.1% to 5.7%, Austin-Round Rock fell from 4.5% to 4.2%, Dallas-Plano-Irving fell from 5.5% to 5.2%, Ft. Worth-Arlington fell from 5.4% to 5.1% and Houston-Baytown-Sugar Land fell from 5.4% to 5.1%. San Antonio fell from 5.2% to 4.8%.

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