Story perspectives

El Paso Jobs Rise, But Unemployment and Earnings Lag

1/8/2025

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Summary

Story summary

El Paso's employment increased by 0.8% from August to November 2024, adding 700 jobs primarily in education and health services.
The unemployment rate rose to 4.6%, surpassing both state and national averages.
Average hourly earnings decreased to $22.82, significantly lower than Texas's average of $33.50.
Sales tax collections surged by 12.7% in November, reflecting strong consumer spending.
Despite rising bankruptcies, El Paso's economy shows resilience with anticipated job growth.

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Story summary

El Paso's employment increased by 0.8% from August to November 2024, adding 700 jobs primarily in education and health services.
The unemployment rate rose to 4.6%, surpassing both state and national averages.
Average hourly earnings decreased to $22.82, significantly lower than Texas's average of $33.50.
Sales tax collections surged by 12.7% in November, reflecting strong consumer spending.
Despite rising bankruptcies, El Paso's economy shows resilience with anticipated job growth.