TWC Labor Market Information 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% Florida Georgia Pennsylvania North Carolina Ohio Texas Michigan New York Illinois California Texas OTM Increase OTM Decline Current Rate 10 Largest States' Unemployment Rates Highlights • Over the month, the Texas seasonally adjusted unemployment rate remained at 3.9 percent, equal to the U.S. rate. • The state’s seasonally adjusted labor force participation rate was 64.1 percent in February. • Texas’ seasonally adjusted LAUS employment was up 19,800 from last month. • Summarizing the not seasonally adjusted estimates, the Texas unemployment rate increased to 4.4 percent in February. This was equal to the unemployment rate in February 2023. U.S. February 2024 Employed 160,968,000 Unemployed 6,458,000 1 2 3.9% Date CLF Employment Unemployment Rate February 2024 167,426,000 160,968,000 6,458,000 3.9 January 2024 167,276,000 161,152,000 6,124,000 3.7 February 2023 166,263,000 160,301,000 5,962,000 3.6 Texas February 2024 Employed 14,578,700 Unemployed 590,500 1 2 3.9% Date CLF Employment Unemployment Rate February 2024 15,169,200 14,578,700 590,500 3.9 January 2024 15,143,400 14,558,900 584,600 3.9 February 2023 14,950,900 14,346,700 604,200 4.0 LOCAL AREA UNEMPLOYMENT STATISTICS Texas & the U.S. (Seasonally Adjusted) 37 DEALERS’ CHOICE
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