Texas' Jobless Rate Worst It's Been in Nearly 25 Years
The state's unemployment rate in July was the worst it's been in nearly a quarter of a century.
The state had a net gain of 29,300 jobs last month, yet the jobless rate rose to 8.4 percent from 8.2 percent in June, the Texas Workforce Commission reported Friday. The rate was 8.1 percent in July 2010.
The last time unemployment was this high was 24 years ago — July 1987 — during the state's oil and real estate bust.
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