Overall unemployment rate moved up to 6.0% with the biggest shift in Construction, Mining, which lost 500 roles, based on the most recently available information published in January 2022.
Total employment in the Beaumont-Port Arthur, TX market rose by 308 jobs in November and the unemployment rate increased compared to the prior month by 10 bps to 6.0%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Beaumont-Port Arthur, TX unemployment rate is 264 bps above the national rate which is a negative sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 0.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 31,100; +400
- Government: 25,300; +100
- Education & Healthcare: 22,000; no change
- Manufacturing: 20,100; +200
- Construction, Mining: 18,300; -500
- Restaurants & Hotels: 16,300; +200
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.