The Texas Workforce Commission reported today that the Waco MSA experienced a drop in unemployment rate for the month of October to 6.9 percent.
The area added a net 400 jobs from September to October, while the entire labor force grew also.
The Waco MSA continues to maintain a lower unemployment compared to the state of Texas (8.1%) and the country (9.5%).
The diverse employment base in the Greater Waco area is the strength of the economy, as indicated in the employment patterns. Professional and Business Services, Education and Health Services and Government increased employment in the month.
The Workforce Commission indicated the growth in government was largely due to the resumption of the school year.
“The Waco area continues to show resilience during this challenging national economy. Our expanding labor force shows there is interest to live and work in our community. A lot of that comes from our ability to provide jobs. We are in a great position for growth as the country moves out of the recession,” said Scott Connell, senior vice president strategic development.