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Texas snaps 53-month job gain streak, posts first job loss since Sept. 2010
Texas posted its first monthly decline in total jobs in more than four years. The state lost 25,400 jobs in March, according to the Texas Workforce Commission.
The last time Texas saw a decline in total employment was in September 2010 when it lost 600 jobs in a month. The worst year for job losses was 2009 when Texas lost 371,300 jobs.
The Texas unemployment rate fell to 4.2 percent, its lowest level since July 2007 as the labor force and number of unemployed both declined.
The March report, released Friday, confirms what economists have forecast.
Read more: http://bizbeatblog.dallasnews.com/2015/04/texas-snaps-its-53-month-job-gain-streak-and-posts-its-first-job-loss.html/
[font color=green]The oil boom went bust.[/font]