Cross Timbers Business Report, Volume 23, Number 2, Winter 2010 Page: 2

Jobless Rates Reflect Recessionary Forces
By William L. Beaty

The downturn in the nation's output level pulled
national and state unemployment rates sharply higher in
2009. Cross Timbers labor markets generally followed
these trends.
Led by job losses in manufacturing, the nation's
unemployment rate jumped from 7.6 percent in January
2009 to 10.1 percent in October before easing back to
10 percent by year's end. Last year's 9.3 percent jobless
rate compares unfavorably to 2008's 5.8 percent figure.
While less dramatic than national rates, Texas' la-
bor market statistics also showed unfavorable move-
ments last year. The state's unemployment figure rose
from 6.4 percent in January to 8.3 percent in December.
Texas' average 2009 jobless rate of 7.5 percent lies well
above the 4.9 percent figure posted the year before.
Bosque County's jobless rate jumped from 6.7 per-
cent in January 2009 to 8.6 percent in September before
easing back to 8.5 percent in December. The county's
7.8 percent average rate lies significantly above the 4.7
percent value noted the year before and is the highest in
the Cross Timbers area.
Comanche County began 2009 with an unemploy-
ment rate of 5.3 percent. This statistic rose to 6.8 per-
cent in July then moved to 5.9 percent at year's end.
Comanche's 5.8 percent average jobless figure for last
year lies well above the 4.0 percent value noted in
2008.
Eastland County's unemployment rate moved from
6.2 percent in January to 8.6 percent in July before eas-
ing to 7.9 percent in December. The county's 7.5 per-
cent average jobless rate for 2009 is almost three per-
centage points higher than the value noted in 2008.

Erath County experienced a jump in joblessness
from 4.9 percent in January to 7.5 percent in July before
easing back to 6.3 percent in December. Erath's 6.2
percent average rate for last year compares unfavorably
to the 3.8 percent average recorded the year before.
UNEMPLOYMENT RATES
Percent
12
10
exas
8
67
Erath Co.
2
0
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
2008 2009
Sources: U.S. Bureau of Labor Statistics and Texas Workforce Commission
Hamilton County's unemployment rate rose from
4.4 percent in January 2009 to 5.9 percent in July then
receded to 5.6 percent in December. Its 5.3 percent av-
erage rate for last year, which was the lowest among
Cross Timbers counties, still lies above the 3.8 percent
value noted the year before.
The U.S. Bureau of Labor Statistics collects and
reports national and state employment data on a
monthly basis, while the Texas Workforce Commission
maintains these statistics for local areas. National and
state data are adjusted for normal seasonal variations,
while local figures remain unadjusted.

City Building Permit Values Decline after Record Year
By Morgan Kuykendall

BUILDING PERMITS
Stephenville, January - December
Millions of Dollars

Total 2009 building permit values in Stephenville
decreased by 51.6 percent from the figure for 2008 and
were 15.7 percent below the value for 2007, according
to the City of Stephenville reports.
Following a two-year climb, which ended with a
record year in 2008, construction values in 2009
dropped to an estimated $14.0 million, compared to
$28.9 million the year before. In dollar values, new
permits in 2009 started off well in January with the
issuance of a permit for the City of Stephenville Out-
door Aquatic Center, valued at $3.0 million. Other sig-
nificant permits include one in April for additional Wal-
Mart refrigeration capacity, valued at $1.0 million, and
another in October for the construction of a new build-
ing for the Erath Excels Academy, representing a $1.2
million estimated value.

30
25
20
15
In

5
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Source: City of Stephenville

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Tarleton State University. College of Business Administration. Cross Timbers Business Report, Volume 23, Number 2, Winter 2010, periodical, Winter 2010; Stephenville, Texas. (https://texashistory.unt.edu/ark:/67531/metapth284682/m1/2/ocr/: accessed May 22, 2019), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Tarleton State University.

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