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Monthly Review of the Texas Economy August 2008
By Ali Anari and Mark G. Dotzour
Texas' nonfarm employment rose 2.4 percent from August 2007 to August 2008, up from
2.3 percent for the period July 2007 to July 2008. The uptick may
signal that the employment downturn is over. But the nation's economy is still losing
jobs. Nonfarm employment for the United States decreased by 0.1 percent from August
2007 to August 2008. The state's seasonally adjusted
unemployment rate rose from 4.3 percent in August 2007 to 4.7 percent in August 2008.
Over the same period, the U.S. seasonally adjusted unemployment rate rose
from 4.7 percent to 5.7 percent.
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