The Midland Metropolitan Statistical Area had the lowest November unemployment rate in the state at 2.9 percent, with Odessa coming in second and Amarillo coming in third at 3.5 percent and 4.1 percent, respectively (not seasonally adjusted).
More than 1 million Americans face a post-Christmas jolt as extended federal unemployment benefits came to a sudden halt this weekend, entailing potentially significant implications for the recovering U.S. economy and setting up a tense battle when Congress reconvenes in the new year.
Jobless rates could drop, but analysts say the economy may suffer with less money for consumers to spend on everything from clothes to cars. Having let the “emergency” program expire as part of a budget deal, it’s unclear if Congress has the appetite to start it anew.
An estimated 1.3 million people were cut off when the federally funded unemployment payments ended Saturday.