Midland Has Lowest Unemployment Rate in the Entire State
Midland posted the lowest unemployment rate in the state of Texas for the month of January.
According to the Midland Reporter-Telegram, January numbers released by the Texas Workforce Commission showed an unemployment rate of 2.4% which was up just 0.1% from December.
One year ago Midland had an unemployment rate of 4% so unemployment in one year has almost been cut in half.
Odessa numbers showed a 3.3% rate for January up 0.3% from December numbers.
Both Midland and Odessa lead the state in job growth and low unemployment rates, similar to 2010-2014 when oil prices were over $100/barrel.
Statewide the January unemployment rate was up slightly from December up to 4% from 3.9%.
The state added over 2 million new jobs and annual employment growth for Texas was at 2% which marked 93 consecutive months of growth starting back in 2009 as reported by the Texas Workforce Commission.
Unemployment could go under 2% by the summer if the downward streak continues and Midland could continue being the lowest unemployment rate in the state.