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So why is the state’s unemployment rate tied for fifth-worst in the country? Texas unemployment has stagnated at 4.1% for four consecutive months, falling below the August national average of 3.8%.
The state has yet to return to its pre-pandemic unemployment rate of about 3.5%, even as it leads the country in new jobs created. However, state economic experts say the unemployment rate is an ...
Last month, Texas’ seasonally adjusted unemployment rate was 4.1%, higher than the national rate, as it has been for years. It’s not seasonally adjusted rate of 3.7% was lower than the ...
There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
The New York Times editorial board wrote in August 2013: "As measured by the federal minimum wage, currently $7.25 an hour, low-paid work in America is lower paid today than at any time in modern memory. If the minimum wage had kept pace with inflation or average wages over the past nearly 50 years, it would be about $10 an hour; if it had kept ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
May 31—In April, the seasonally adjusted Texas unemployment rate was 6.7%, down 0.2 percentage points from March 2021. Texas added 13,000 total nonagricultural jobs over the month, making gains ...
Thus, because trade liberalization can sometimes contribute to increases in GDP, it can help to bring the rate of unemployment down in a country. The U.S. experienced a 48% increase in real GDP from 1993 to 2005. The unemployment rate over this period was an average of only 5.1%, compared to 7.1% from 1982 to 1993, before NAFTA was implemented ...