Local, area jobless rate is declining

Once again, the Panhandle Workforce Development Area (WDA) holds the second-lowest unemployment rate in the state of Texas, standing at 3.2 percent, with Permian Basin WDA reporting the lowest unemployment rate at 3.0 and Lower Rio Grande WDA with the highest at 6.0 percent.

The Panhandle Workforce Development Area (WDA) as a whole also experienced a decrease in our unemployment rate, going from 3.6 percent to 3.2 percent, a 0.4-point reduction, indicating an overall declining trend across the Panhandle.

Donley County’s unemployment rate of 4.0 percent follows a rate of 4.3 percent in August and 4.6 percent in July. Armstrong County’s unemployment figures were slightly lower for the same three-month period, and Hall County’s figures were slightly higher.

The labor force in the Texas Panhandle has undergone significant changes over the past year, our labor force grew from 209,090 to 212,667, marking an increase of 3,577. Much of the growth was in the city of Amarillo, increasing from 99,869 to 104,604, reflecting an increase of 4,735 employed individuals.

According to the release, 25 counties within the Panhandle WDA saw reductions in our unemployment rates, with Armstrong County being the only exception, experiencing a 0.1 percent increase from 3.7 to 3.8 percent.

Hutchinson County continues to hold the highest unemployment rate in the Texas Panhandle at 4.6 percent, although it did see a decrease from 5.0 in August. In contrast, Hartley County maintained the lowest unemployment rate at 2.3 percent with 2,473 individuals employed out of a possible 2,531.

Statewide, total nonfarm employment increased by 31,400 positions in September to reach a new milestone with job count of 14,049,400. This marked the 24th consecutive series high as employment expanded in 40 of the last 41 months. Since September 2022, Lone Star State employment grew by 372,900 positions as all 11 major industries achieved positive annual growth for the 24th consecutive period.

The number of employed persons also reached a new record high adding 26,900 people over the month.

The Texas seasonally adjusted civilian labor force fell four-tenths of a point over the month to 4.1 percent in September 2023.