AUSTIN – Texas’ unemployment rate fell to 8 percent in July, according to the Texas Workforce Commission. This is the third consecutive monthly decrease and the lowest rate since Texas’ economy was initially impacted by the COVID-19 pandemic in March. The state lost 12,300 private sector jobs over the month, but the public sector offset the loss by adding 43,700 positions. The national unemployment rate is 10.5 percent, also down from May. Amarillo had the lowest nonseasonally adjusted unemployment rate in the state at 5.1 percent. Odessa had the highest at 12.6 percent. All employment sectors had seasonally adjusted job losses since June 2019 except for the financial activities industry, which saw no change. Mining and logging had the largest job loss with employment falling 24 percent. The Real Estate Center has a wealth of economic information online for free. Source: Texas Workforce Commission
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