July 28, 2009
Initial jobless claims increased by 27 percent in the first three weeks of July for Taylor County, perhaps suggesting that more employers may be shedding jobs locally this summer.
According to data released by the Texas Workforce Commission, 238 new Taylor County jobless claims were filed in the first three weeks of July after the Independence Day weekend.
In the previous three weeks, from June 14 to July 4, there were 188 initial jobless claims filed.
Weekly data can fluctuate greatly and be unreliable in determining trends.
But if the increase is real, and not just a statistical quirk, it’s a “bit of bad news,” said Peter Summers, assistant professor of economics at Texas Tech University.
“If that’s continuing to go up, then it suggests that the unemployment rate is likely to keep going up,” Summers said.