Central Texas jobless rate improving with nation

POSTED: Friday, January 6, 2012 - 3:08pm
UPDATED: Friday, April 13, 2012 - 8:54am

WACO -- 200,000 jobs were created in the U.S. in December, the largest growth since 2009.

And although the employment rate is improving slowly, bottom line -- it's improving.

And that includes Waco.

"We have done better than the state and the state has done better than the, the nation. We are creating jobs in greater Waco and we are attracting companies and our existing companies are expanding," said Jim Vaughan, President of the Greater Waco Chamber. 

Waco's unemployment rate has dropped from 7.6 percent in 2010 to 7.1 percent in 2011.

Vaughan said those numbers can be attributed to a balance of jobs.

"We see growth in business services and financial services sector. We are seeing growth in manufacturing, logistics and distribution," said Vaughan.

And it helps that 14 percent of Waco's employment consists of manufacturing business.

"You'll find manufacturing jobs are higher paying jobs than, than in the service sector. We've certainly seen growth in manufacturing here in Waco."

As for Texas?

Vaughan said the state's unemployment rate of 7.5 is a reflection of its economic youth.

"The states in the sunbelt have been more competitive in terms of wages and taxes and regulation, the things that people often talk about," said Vaughan.
 

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