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Edinburg’s unemployment rate in 2016 remains under five percent for third consecutive month, with March performance coming in at 4.7 percent

Photograph By KRISTEN GARZA

Featured: Dr. Shervin Fatehi, left, and Dr. Javier Macossay examine a 3D-printed heart at their research lab in the Science Building on the University of Texas Rio Grande Valley campus in Edinburg. They recently were awarded a grant from startup company New Matter. The Edinburg Economic Development Corporation, along with the City of Edinburg, promote the best interests of UTRGV and the UTRGV School of Medicine through its extensive legislative lobbying efforts before the UT System Board of Regents, the Texas Legislature, and Congress.

Photograph By KRISTEN GARZA

Edinburg’s unemployment rate for March 2016 of 4.7 percent marked the third consecutive month that the city posted a monthly figure of less than five percent, with McAllen being the only other Valley city in that category, the Edinburg Economic Development Corporation has announced. Edinburg’s March 2016 figure of 4.7 percent is the best showing for that month in almost a decade, when the city posted a 4.4 percent unemployment rate in March 2008.

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Edinburg unemployment rate for February 2016 comes in at 4.5 percent, which is the best showing of any month since February 2008

Photograph By MARK MONTEMAYOR

Featured: Ellie M. Torres, Secretary/Treasurer for the Board of Directors of the Edinburg Economic Development Corporation, Francisco Cigarroa, M.D., then-Chancellor of the University of Texas System, and Mayor Richard García, on Tuesday, August 26, 2014, during groundbreaking ceremonies for the $54 million University of Texas Rio Grande Valley Medical Academic Building in Edinburg, the first new construction for the UTRGV School of Medicine.

Photograph By MARK MONTEMAYOR

Edinburg’s unemployment rate for February 2016 of 4.5 percent is the best showing of any month for the city since February 2008, and this latest figure continues to keep pace with McAllen’s Valley-leading monthly unemployment rate, which came in at 4.4 percent for February 2016, the Edinburg Economic Development Corporation has announced. Also according to the latest data, which was released on Friday, March 25, 2016 by the Texas Workforce Commission, there were 36,204 people employed in Edinburg during the month of February 2016. The data represents an increase of 753 jobs in Edinburg when comparing the employment figures for February 2016 and February 2015. In February 2016, there were 36,204 employed in Edinburg, while 35,451 were employed in Edinburg in February 2015.

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Edinburg unemployment rate for January 2016 comes in at 4.8 percent; 2015 annual figure of 5.1 percent best in city since 2007

Photograph By DIEGO REYNA

Featured: Ellie Torres, Secretary/Treasurer for the Board of Directors of the Edinburg Economic Development Corporation, earlier this year in the Council Chamber of Edinburg City Hall.

Photograph By DIEGO REYNA

Edinburg’s unemployment rate for January 2016 of 4.8 percent kept pace with McAllen and its Valley-leading 4.7 percent showing for the same month, and marked the sixth time since January 2015 that Edinburg’s monthly unemployment rate was under five percent, the Edinburg Economic Development Corporation has announced. In addition, the annual unemployment rate in Edinburg for 2o15 was 5.1 percent, the best performance for the city since 2007, when the annual figure came in at 4.7 percent. Edinburg’s latest showing was better than the U.S. unemployment rate for January 2016, which was 4.9 percent, according to the U.S. Department of Labor, Bureau of Labor Statistics (http://data.bls.gov/timeseries/LNS14000000).

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Edinburg gives initial approval to provide a maximum of $30 million – to be spread out over up to 30 years without raising city property tax rate – to help in the construction of $150 million Hidalgo County Courthouse

Photograph By MARK MONTEMAYOR

Featured, from left: Precinct 1 Hidalgo County Commissioner A.C. Cuellar, Jr. of Weslaco; Hidalgo County Judge Ramón García; Mayor Richard García; Councilmember J.R. Betancourt; and Mayor Pro Tem Richard Molina. This image was taken on Tuesday, March 8, 2016 in the Council Chamber of Edinburg City Hall.

Photograph By MARK MONTEMAYOR

The Mayor and Edinburg City Council on Tuesday, March 8, 2016, gave their initial approval to provide a maximum of $30 million – to be spread out over up to 30 years and without raising the city property tax rate – to help in the construction of a $150 million Hidalgo County Courthouse, the Edinburg Economic Development Corporation has announced. If all goes as planned by the county, construction on the courthouse may begin near the end of this year, if weather permits. The county anticipates a completion date of October 2018. The action took place following a 2 p.m. joint work session with the Hidalgo County Judge and Hidalgo County Commissioners Court, held in the Council Chamber of Edinburg City Hall, and sets into motion a plan that will eventually lead to the construction of a state-of-the-art judicial center, which will be located in downtown Edinburg, next to the current county courthouse complex.

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Edinburg’s 2015 unemployment rates remain under five percent for fourth consecutive month

Photograph By RONNIE LARRALDE

Featured, from left: Karen K. Pittman, Branch Manager, International Bancshares Corporation (IBC); Dina Araguz, Area Sales Manager, International Bancshares Corporation (IBC); Letty González, President, Edinburg Chamber of Commerce, and Harvey Rodríguez, Treasurer, Board of Directors, Edinburg Economic Development Corporation, on Wednesday, May 27, at the Edinburg Municipal Auditorium.
Photograph By RONNIE LARRALDE

Edinburg’s unemployment rate for May 2015 was 4.8 percent, representing the fourth consecutive month that the city posted a monthly figure under five percent, with McAllen, at 4.6 percent, being the only other major Valley city to come under five percent, the Edinburg Economic Development Corporation has announced. The EEDC is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council. Edinburg’s unemployment rate, as calculated by the Texas Workforce Commission, was the best showing for the city for that month since May 2008, when it was reported at 4.6 percent by the state agency. Edinburg’s May 2015 unemployment rate of 4.8 percent remained close to the Texas statewide average, which was 4.1 percent for May 2015, four percent for April 2015, 4.2 percent for March 2015, 4.3 percent for February 2015, and 4.6 percent for January 2015, according to Texas Workforce Commission figures. The city’s latest performance also was better than the U.S. unemployment rate for May 2015, which was 5.5 percent, according to the U.S. Department of Labor, Bureau of Labor Statistics. The data represents an increase of 482 jobs in Edinburg when comparing the employment figures for May 2015 and May 2014. In May 2015, there were 35,912 persons employed in Edinburg, compared with 35,430 in May 2014. The May 2015 unemployment rate of 4.8 percent for Edinburg is also better than the annual unemployment rate in Edinburg for 2014, which was 5.8 percent – and that yearly rate was the best 12-month average from January through December since 2005. The unemployment rate is a key indicator of the strength of the local economy. The unemployment rate is the number of persons unemployed, expressed as a percentage of the civilian labor force, according to the Texas Workforce Commission. The civilian labor force is that portion of the population age 16 and older employed or unemployed. To be considered unemployed, a person has to be not working but willing and able to work and actively seeking work. All cities combined in Hidalgo County averaged a 7.2 percent unemployment rate in May 2015, representing improvements from 7.3 percent in April 2015, 7.6 percent in March 2015, 7.7 percent in February 2015 and 8.3 percent in January 2015. All cities combined in Cameron County averaged a 6.6 percent unemployment rate in May 2015, representing improvements from 6.7 percent unemployment rate in April 2015, 7.1 percent in March 2015, 7.2 percent in February 2015 and 7.8 percent in January 2015. Also for May 2015, there were 310,967 individuals employed in Hidalgo County, while 154,484 persons were employed in Cameron County. The Texas Workforce Commission data on all entities in the state, including cities and counties, is available online at: http://www.tracer2.com/cgi/dataanalysis/AreaSelection.asp?tableName=Labforce

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