For third straight month, Edinburg registers the lowest unemployment figure among major Valley cities with a 4.8 percent rate for November 2015
Edinburg posted the lowest unemployment rate among the Valley’s major communities for the month of November 2015, coming in at 4.8 percent, which was the best showing for the city for that month since November 2007, the Edinburg Economic Development Corporation has announced. The unemployment rate is a key indicator of the strength of the local economy. The EEDC, of which Agustín García, Jr. is Executive Director, is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council. The EEDC Board of Directors is comprised of Mark Iglesias as President, Harvey Rodríguez as Vice President, Ellie M. Torres as Secretary/Treasurer, and Mayor Richard García and Richard Ruppert as Members. Richard García and Agustín García, Jr. are not related. In addition to Edinburg posting the lowest unemployment rate in the Valley for November 2015, Edinburg and McAllen shared the lowest unemployment rates in October and September (4.9 percent for each month). Also according to the latest data, which was released on Friday, December 18, 2015 by the Texas Workforce Commission, there were 35,674 people employed in Edinburg during the month of November 2015. Edinburg’s latest showing was better than the U.S. unemployment rate for November 2015, which came in at 5 percent, according to the U.S. Department of Labor, Bureau of Labor Statistics (http://data.bls.gov/timeseries/LNS14000000). Edinburg’s November 2015 figure of 4.8 percent continues a year-long pattern of positive reports: October (4.9 percent); September (4.9 percent); August (5.1 percent); July (5.4 percent); June (5.1 percent); May (4.8 percent); April (4.6 percent); March (4.8 percent); February (4.8 percent); and January (5.1 percent). EEDC Board President Iglesias said the good news on the city’s workforce came a day before the Valley celebrated the first class of university graduates from the University of Texas Rio Grande Valley, which has its main campus in Edinburg. “UT Rio Grande Valley, which represents the combination of what formerly were two independent Valley campuses, UT Pan American in Edinburg and UT Brownsville, celebrated yet another landmark first with the December 19 commencement ceremonies under its new and proud name, which went into effect during the Fall 2015 semester,” said Iglesias. The Edinburg campus of UTRGV hosted two ceremonies for a total of 1,456 graduates at the State Farm Arena in Hidalgo, while the Brownsville campus had its own ceremony that morning for 633 graduates at its Student Union Building, according to UTRGV officials. “Many of these graduates will find jobs here in Edinburg and the Valley, while others will take their talents and skills throughout our nation,” Iglesias continued. “Wherever these outstanding graduates go, they will be incredible ambassadors for Edinburg and the Valley because here is where they earned a world-class education, and they will proudly let everyone know about where they came from and who we are.” Mayor García helped lead the Edinburg City Council in its successful lobbying efforts before the Texas Legislature in 2013 that resulted in the establishment of UTRGV and the creation of a School of Medicine. “Also during this holiday season, we learned that the School of Medicine, which will open a major campus in Edinburg next fall, received a $1,065,510 grant to improve the mental health of hundreds of young people in our region,” the mayor reported. “Such generous contributions, such as this one that comes from the Methodist Health Care Ministries of South Texas, Inc., means people remain employed to deliver these vital services, and that makes for a better and healthier quality-of-life and stronger economy.” The grant will support UTRGV School of Medicine in providing and enhancing integrated care to improve the mental health outcomes of high-risk, high-acuity children and adolescents in the Valley. The November 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 2008. Edinburg’s annual unemployment rates since 2005, which is the year in which the state government began preparing those figures using a more accurate formula, according to the Texas Workforce Commission, have registered as follows: 2014 (5.8 percent); 2013 (6.9 percent); 2012 (7.5 percent); 2011 (8.4 percent); 2010 (8.2 percent); 2009 (6.8 percent); 2008 (4.9 percent); 2007 (4.7 percent); 2006 (5.2 percent); and 2005 (4.9 percent).
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