Edinburg, McAllen and Weslaco were the only three Valley cities which posted unemployment rates under five percent during the month of October 2016, according to the Texas Workforce Commission, which also reported on Friday,November 18, 2016 that Edinburg saw a growth of more than 800 jobs when comparing employment in October 2016 with October 2015.
The Texas Workforce Commission reported that there were 36,389 people employed in Edinburg during the month of October 2016. That performance represents an increase of 849 jobs in Edinburg when comparing the employment figures for October 2016 (36,389) and October 2015 (35,540).
That state agency found that McAllen and Edinburg came in with 4.5 percent and 4.7 percent unemployment rates, respectively, for the month of October 2016, according to the Edinburg Economic Development Corporation.
The Edinburg EDC, of which Agustín García, Jr. is Executive Director, is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council.
The Edinburg EDC Board of Directors is comprised of Mayor Richard García as President, Harvey Rodríguez, Jr. as Vice President, Elías Longoria, Jr. as Secretary/Treasurer, and Richard Ruppert and Dr. Peter Dabrowski as Members.
In addition to July 2016, when Edinburg’s unemployment rate of 5.5 percent was tied for lowest with McAllen, Edinburg in 2015 posted the Valley’s lowest unemployment rates in November (4.7 percent) and in September (5 percent), and tied with McAllen for the lowest monthly figures in October (4.9 percent) and January (5.2 percent), according to the the Texas Workforce Commission.
During this 22-month period (January 2015 through October 2016), when Edinburg did not have the lowest monthly figure, it came in a close second to McAllen.
The state’s unemployment rate in October 2016 was 4.9 percent, compared with 4.4 percent in September 2015.
The U.S. unemployment rate in October 2016 was 4.9 percent, compared with five percent the same month last year, according to the U.S. Department of Labor (http://data.bls.gov/timeseries/LNS14000000).