Here's how unemployment in Lipscomb County, Texas compares

Written by:
February 13, 2024

Here's how unemployment in Lipscomb County, Texas compares

Lipscomb County's unemployment rate in December was 3.1%—ranked #153 highest out of 254 in the state.

Nationally, unemployment has leveled with pre-COVID rates, measuring between 3.5% and 4% for most of the past two years. Bureau of Labor Statistics data showed a 3.7% unemployment rate in January. Previously, unemployment skyrocketed to 14.7% at the height of the COVID-19 pandemic in April 2020, and those rates remained elevated through late 2021.

Though national unemployment has mostly normalized, local economies vary widely. Stacker used Bureau of Labor Statistics data to analyze unemployment in Lipscomb County over time, and how it stacks up within Texas and across the nation.

The unemployment rate in Lipscomb County is 0.6 percentage points below the national level, and 0.9 percentage points below the state level. It ranks #153 among counties in Texas—ranked first by the preliminary December 2023 unemployment rate, then breaking ties by the number of unemployed people. It trails behind Hemphill County, which also has an unemployment rate of 3.1%, but surpasses McLennan County (3.0%).

In real terms, it means an estimated 43 of Lipscomb County's approximately 1,403 working residents are out of a job at the moment. That's equal to last month and 4 more than a year ago. Some economists fret another recession may be on the horizon, which would drive unemployment up with business closures and layoffs.

This story was produced using automation across 3,100 counties, boroughs, and parishes, based on writing and data reporting by Paxtyn Merten.

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