Monthly Review of the Texas Economy December 2009
By Ali Anari and Mark G. Dotzour-RECON-Texas A & M Real Estate Center
The Texas economy lost 272,100 nonfarm jobs from November 2008 to November 2009, an annual job loss of 2.5 percent. Over the same period, the U.S. economy lost more than 4.65 million jobs or 3.4 percent of its total nonfarm jobs. However, the nation’s labor market is bottoming out. The state’s seasonally adjusted unemployment rate rose from 5.4 percent in November 2008 to 8 percent in November 2009, while the U.S. rate rose from 6.8 percent to 10 percent during the same period.
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