Texas employers added a surprisingly strong 31,400 jobs in January, the 10th consecutive month of job growth in a state with regions shaken by a collapse in oil prices. The state’s jobless rate fell to 4.5 percent, down from a revised 4.6 percent in December and below the national rate of 4.9 percent. “I’m quite surprised that we aren’t seeing more stress from lower oil prices,” said Robert A. Dye, chief economist at Comerica Bank in Dallas. Over the past 12 months, Texas has added 187,400 jobs.
Read more...Texas Jobs Report: Jan 2016
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