Select Page

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.

•••••• (more…)

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).

•••••• (more…)

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.

•••••• (more…)

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

•••••• (more…)

Edinburg’s unemployment rate of 5.1 percent for January 2015 among Valley’s best, better than U.S. rate

20150308

Congressman Rubén Hinojosa, D-Mercedes, outlines his vision for continued economic growth and job creation for his 15th Congressional District, which includes Hidalgo County, at the Pharr Convention Center (now Boggus Ford Events Center) on Tuesday, November 4, as his wife, Martha López Hinojosa, looks on. “When I first took office in January 1997, the unemployment rate for Hidalgo County was at 22 percent. I made it my goal to help bring this number down to single digits and we succeeded,” Hinojosa said. The latest jobs figures bear him out, according to the Texas Workforce Commission, a state agency which provides information and analysis on shifts in occupations and industries within the state, including unemployment rates and employment figures, broken down by cities, counties, and regions in Texas, on a monthly basis. All cities combined in Hidalgo County averaged an 8.3 percent unemployment rate in January 2015. Also for January 2015, there were 307,706 individuals were employed in Hidalgo County. Hinojosa’s perspectives are shared by the leadership of the Texas Workforce Commission, who were appointed by then-Gov. Rick Perry, a Republican. “The diversity of skills found in the Texas workforce has contributed greatly to the strength of the Texas economy,” said TWC Commissioner Representing Labor Ronny Congleton. “As jobs are added, Texas has skilled workers to fill them and resources available for workers to obtain new skills when needed. I encourage all job seekers to look for available positions through TWC’s online job-matching resource, WorkInTexas.com and to take advantage of the many services and training resources available through their local Workforce Solutions office.”

Photograph by MARK MONTEMAYOR

Edinburg’s unemployment rate for January 2015 was 5.1 percent, a significant improvement from the monthly rate in January 2014, when it came in at 6.3 percent, and better than the January 2015 U.S. unemployment rate of 5.7 percent, the Edinburg Economic Development Corporation has announced. The EEDC is the jobs-creation arm of the Edinburg City Council. The unemployment rate is a key indicator of the strength of the local economy. Only McAllen had a better performance among the Valley’s major economies, coming in with a 5.0 percent unemployment rate for January 2015, according to the Texas Workforce Commission. Edinburg’s latest monthly showing also remained within striking distance of the Texas statewide average, which was 4.6 percent for January 2015, while better than the U.S. unemployment rate of 5.7 percent for the same month, the TWC reported. According to the Texas Workforce Commission, the four-county Valley’s other major communities shared in Edinburg and McAllen’s good news, continuing to boast unemployment rates in the single-digits, in the following order: Harlingen (6.3 percent); Mission (6.3 percent); Weslaco (7.2 percent); Pharr (7.5 percent); and Brownsville (7.8 percent). The January 2015 data, released by the Texas Workforce Commission on Friday, March 5, also showed an increase of 636 jobs in Edinburg when comparing the employment figures for January 2015 and January 2014. In January 2015, there were 35,536 persons employed in Edinburg, compared with 34,900 in January 2014. The January 2015 unemployment rate of 5.1 percent for Edinburg is also better than the annual unemployment rate in Edinburg for 2014, which was 5.8 percent, the best 12-month average from January through December in seven years, according to the Texas Workforce Commission.

•••••• (more…)