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Texas’ unemployment rate is among the nation’s worst — but experts say it signals a growing economy

Posted on AllSides October 4th, 2023
From The Left
Eddie Gaspar/The Texas Tribune

For nearly two years, Texas has led the country in job growth, most recently adding more than 400,000 new jobs between August 2022 and 2023, according to a Department of Labor Statistics report released Sept. 19.

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%. It hit 4% in February, and still has not returned to pre-pandemic levels, according to data from the Federal Reserve Bank of Dallas.

Far from a sign of trouble,...

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