Tri-County Metro's Unemployment Rate Falls Below Five Percent

Tri-County Metro's Unemployment Rate Falls Below Five Percent

It may not necessarily be all good news, but it is a benchmark number that the city of Wichita Falls has now reached for the first time in quite a while.
It may not necessarily be all good news, but it is a benchmark number that the city of Wichita Falls has now reached for the first time in quite a while.

The unemployment rate has fallen substantially below 5%, both in the city, and the 3-county metro region. From our research it appears to be the first time it's been below 5% since May of 2008.

The rate for the city has fallen to 4.6% from 5.2% in March and almost 6% a year ago.

For the 3-county region, the rate has fallen from 5.6 percent a year ago to 4.4 percent for April. It was 5% in March.

The state average is now 4.7%. Jack County has the lowest rate in the region, and the only rate below 3%. Analysts point out many long term unemployed do not show up in the statistics because they no longer are eligible to file for unemployment, or have stopped looking for jobs.

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