Overall unemployment rate moved up to 6.6% with the biggest shift in Transportation & Utilities, which lost 1,000 roles, based on the most recently available information published in March 2023.
Total employment in the Beaumont-Port Arthur, TX market rose by 1,689 jobs in January and the unemployment rate increased compared to the prior month by 30 bps to 6.6%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Beaumont-Port Arthur, TX unemployment rate is 274 bps above the national rate which is a negative sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in January versus prior month by -1.0% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.2%. Key sectors include:
- Transportation & Utilities: 30,500; -1,000
- Government: 24,700; -200
- Education & Healthcare: 21,300; -200
- Manufacturing: 21,200; -200
- Construction, Mining: 19,400; -200
- Restaurants & Hotels: 16,500; no change
- Business Services: 14,400; no change
- Financial Services: 6,100; no change
- Other Jobs: 5,300; no change
- IT & Development: 800; -100
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.