TWC Labor Market Information 5 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% Florida Pennsylvania Georgia North Carolina Texas New York Michigan Ohio California Illinois Texas OTM Increase OTM Decline Current Rate 10 Largest States' Unemployment Rates Highlights • Over the month the Texas seasonally adjusted unemployment rate remained at 4.1 percent, one-tenth of a percentage point lower than the U.S. rate of 4.2 percent. • The state’s seasonally adjusted labor force participation rate was 64.4 percent in August. • Texas’ seasonally adjusted LAUS employment was up 40,000 from last month. • Summarizing the not seasonally adjusted estimates, the Texas unemployment rate remained at 4.4 percent in August. This was 0.2 percentage points higher than the unemployment rate in August 2023. U.S. August 2024 Employed 161,434,000 Unemployed 7,115,000 1 2 4.2% Date CLF Employment Unemployment Rate August 2024 168,549,000 161,434,000 7,115,000 4.2 July 2024 168,429,000 161,266,000 7,163,000 4.3 August 2023 167,840,000 161,500,000 6,340,000 3.8 Texas August 2024 Employed 14,771,400 Unemployed 627,000 1 2 4.1% Date CLF Employment Unemployment Rate August 2024 15,398,400 14,771,400 627,000 4.1 July 2024 15,353,600 14,731,400 622,300 4.1 August 2023 15,120,500 14,524,600 595,900 3.9 LOCAL AREA UNEMPLOYMENT STATISTICS Texas & the U.S. (Seasonally Adjusted) DEALERS’ CHOICE 40
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