After gaining jobs in July for the first time this year, the Texas economy lost jobs in August. According to a report by the Texas Workforce Commission, the state lost 62,000 jobs last month, causing the state's unemployment rate to rise from 7.9 percent in July to 8 percent in August.
Although the state unemployment was its highest in more than 20 years, the state rate was lower than the national rate of 9.7 percent. According to economic experts, drop in jobs is not surprising despite the recent small uptick in the economy. As a lagging indicator, job growth typically does not occur until after an economic recovery from a recession.
While many job losses are the result of legitimate firings, some losses could be the result of wrongful termination. If you believe you are victim of an unjust firing, contact the
Houston employment lawyers of the Ross Law Group at 800-634-8042.