Texas Border Business
By David Diaz
Edinburg posted an unemployment rate of 4.7 percent in October 2017, representing 36,693 jobs for that month, and both figures are improvements over the previous month, when the unemployment rate in September 2017 was 5.5 percent, with 36,578 persons employed that month, the Edinburg Economic Development Corporation has announced.
The unemployment rate is a key indicator of the strength of the local economy.These latest figures, prepared by the Texas Workforce Commission and released on Thursday, November 17, 2017, showed that there was an increase of 115 people employed in Edinburg in October 2017 (36,693) compared with September 2017 (36,578).
Also, Edinburg saw a growth of 554 jobs when comparing the monthly total for October 2017, (36,693) and October 2016 (36,139), according to the Edinburg EDC.
In addition, the October 2017 unemployment rate of 4.7 percent is the second-best showing in Edinburg for that month since 2007, according to the Texas Workforce Commission.
Edinburg and McAllen, which posted an unemployment rate for October 2017 of 4.2 percent, compared favorably with other large population centers in the Valley, which reported unemployment rates ranging from 5.3 percent (Harlingen) to 6.1 percent (Pharr).
The Edinburg EDC, of which Agustín García is Executive Director, is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council.
The Edinburg EDC Board of Directors is comprised of City Councilmember Gilbert Enríquez as President, Edinburg School Board Trustee Miguel “Mike” Farías as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Noé Sauceda as Members. The unemployment rate is a key indicator of the strength of the local economy.
