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Texas’ November jobless rate falls to 4.9 percent

AUSTIN, Texas — Texas’ unemployment rate has declined for the third month in a row to 4.9 percent in November as the state continues to add jobs, the Texas Workforce Commission reported Friday. The state added 34,800 seasonally adjusted total nonfarm jobs in November for a total of 441,200 jobs added since last year. The November seasonally adjusted unemployment rate ...

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Texas could lose 128,000 jobs

job cuts

Declining oil prices may be helping consumers at the pump and the US economy, but it could hit Texas a little harder than in other places. Fuel Fix reports, “If U.S. benchmark crude remains cheap at around $55 a barrel, the state could lose 128,000 jobs by the middle of 2015, according to a Federal Reserve Bank of Dallas model ...

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Approved plant in Corpus Christi will create new jobs for local economy

Last Friday, the U.S. Environmental Protection Agency (EPA) gave a final approval for construction to begin on a new condensate splitter plant Corpus Christi, Texas. The EPA issued a final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permit to Magellan Processing, L.P. The company plans to build the new plant at the company’s existing terminal in Nueces County. ...

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Enbridge Energy cuts jobs at midstream unit

Enbridge Energy Partners LP is the next company in line to announce job cuts this year. According to the Houston Chronicle, in hopes to help cut costs, Enbridge Energy Partners is cutting jobs in its domestic gas pipelines and processing business unit.  The company cut less than 100 jobs. The job cuts will impact the company’s midstream unit, Midcoast Energy Partners LP, a  limited ...

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1,000 jobs disappear

The Houston-based company, Halliburton Co., is planning an immediate cut of 1,000 jobs in the Eastern Hemisphere. According to Halliburton, the job cuts are unrelated to the company’s pending $35 billion purchase of Baker Hughes Inc., and it does not seem that any cuts will be made due to the transaction. Halliburton spokeswoman Emily Mir commented on the job cuts ...

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O&G sector hits new employment record

According to the newest Texas Petro Index, even with oil prices decreasing, oil and gas operations in Texas are not slowing down.  Instead, the industry set new well-permitting and employment records during October. A few highlights from the October Texas Petro Index report explain how the continuing oil boom is possible.  Crude oil production in Texas totaled 98.2 million barrels, ...

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30,000 jobs added to the payroll

jobs or job concept with business folder in office showing earnings concept

According to the latest ADP Regional Employment Report produced in collaboration with Moody’s Analytics Inc., private employers added 29,700 jobs to the Texas payroll during the month of November. Of the 29,700 jobs, 21,700 of them were in the service-producing sector.  The remaining 8,000 jobs fell in the goods-producing sector. James Aldridge of the San Antonio Business Journal reports, “By ...

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Why areas with good jobs have hard-to-afford homes

WASHINGTON — It’s the new career trade-off: Around the country, areas with the strongest job markets increasingly have some of the costliest homes. And areas with the most affordable homes lack a solid base of middle class jobs that attract workers. College graduates and younger families have been clustering in coastal cities such as New York, San Francisco and Seattle, ...

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Low prices force BP to cut jobs in Houston and abroad

As oil and gas corporations scramble to deal with current low oil prices, BP has announced plans to slash its staff by laying off mid-level managers in production, refining and its corporate offices. The Houston Business Journal reported that some of the cuts will impact the 10,000 people employed by BP in the Houston area. Currently, BP is one of ...

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Clean energy out jobbing tar sands in Canada

wind turbine

The Canadian clean energy sector has been booming. It has increased 37 percent from 2009 to 2013 according to a recent report by ThinkProgress.com. Clean Energy Canada recently released “Tracking the Energy Revolution,” which outlines what is considered a clean energy job and how many people are employed in the professions. It states that clean energy jobs employ 23,700 people, ...

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