The price of West Texas intermediate crude oil hit $50.58 per barrel in February. That number is up about $3 from January, but it’s still $50.24 less than the same time last year.
Recent data from the Texas Workforce Commission shows that Wise County’s unemployment rate also decreased from 4.2 percent to 4.1 percent in the first two months of 2015, although the two statistics aren’t necessarily related.
“[There’s not] any rapid response data showing recent layoffs in Wise County, and it’s common for statistics to be revised the month after publication,” Renee Moffett, North Central Texas Workforce research specialist, wrote in an email.
The Workforce Solutions North Central Texas sector serves 16 counties, including Wise. Wise County falls into the Dallas-Fort Worth-Arlington Metropolitan Statistical Area (MSA) category.
The Texas Workforce Commission releases monthly newsletters with employment data every third Friday of the month. According to its latest newsletter, the Dallas-Fort Worth-Arlington MSA’s mining, logging and construction sector saw the fifth largest monthly change in employment from January to February 2015, adding 2,800 jobs.
Overall, the state of Texas saw a decrease of 1,100 oil and gas extraction jobs during that same time period.
The Dallas-Fort Worth-Arlington MSA tied for 11th place for best unemployment rate in February with Longview, Sherman-Denison and Waco.
To view more of the commission’s monthly reports, visit www.dfwjobs.com.