Unemployment up sharply in Lubbock for June - KCBD NewsChannel 11 Lubbock

7/17/09

Unemployment up sharply in Lubbock for June

By James Clark | email

LUBBOCK, TX (KCBD) - Lubbock's unemployment rate shot up to 6.0% in June according to numbers released Friday by the Texas Workforce Commission. 

In May, the Lubbock unemployment rate was a laudable 4.6%.  The Hub City is still doing much better than Texas with an 8.0% unemployment rate (7.5% if seasonally adjusted) and better than the U.S. with unemployment at 9.7% (9.5% if seasonally adjusted). 

Lubbock has the second lowest rate behind Amarillo at 5.7%, TWC says. Workers in the McAllen area are the worst off, at least in Texas, with an unemployment rate of 11.1%.

Below is a deeper look at the numbers.

Lubbock's Labor Force
June 2009: 143,200
May 2009: 142,600
June 2008: 139,800

The certified labor force is the number of people who have a job PLUS the number of people who want a job.  According to the Texas Workforce Commission there has been a 2.4% increase in Lubbock's labor force in one year.

Employed Persons
June 2009: 134,600
May 2009: 136,100
June 2008: 133,600

Even though Lubbock's unemployment rate is much higher from this same time a year ago, the good news is that Lubbock has created jobs since June 2008.  The problem, of course, is Lubbock didn't create enough jobs to keep up with the needs of the local force.  And there was a loss of jobs from May to June.

Unemployed Persons
June 2009: 8,600
May 2009: 6,500
June 2008: 6,200

The numbers would indicate that the reason Lubbock's unemployment rate is up is because more people are looking for jobs, and not because of layoffs.  Although there have been layoffs, the local economy created more jobs than it lost in the last 12 months.

©2009 KCBD NewsChannel 11. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

7/16/09
State unemployment fund runs out
State officials expect the state's unemployment insurance trust fund to run out of money by next week, and the state's unemployment rate is worse than it's been in years.

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