Houston's Rate Sheet

Houston economy still lookin' good

Even though the rest of the country might not like'em, those high oil prices sure make for a good Houston and Texas economy. In both Houston and Texas, the unemployment has dropped from the previous month. Here's the report from Houston Business Journal:

Texas gained 25,400 jobs in February, according to labor market figures released Thursday by the Texas Workforce Commission.

The state added a total of 279,700 jobs over the 12 months ended February 2006 for an annual growth rate of 2.9 percent statewide.

Texas' seasonally adjusted unemployment rate for February 2006 stands at 5 percent, down from 5.4 percent in February 2005.

In the Houston-Sugar Land-Baytown metropolitan statistical area, the not seasonally unemployment rate dropped to 5.3 percent compared with February 2005's rate of 5.9 percent.

There were about 142,600 unemployed people in the area, down from 154,600 unemployed in February 2005.

posted by Vincent Biondillo @ 3:21 PM