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.

 

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