El Paso Inc.

October 1, 2020

El Paso unemployment rate fell to 6.9% in August

Unemployment fell sharply in August as the El Paso economy continued to recover from the sudden downturn set off by the coronavirus pandemic. The unemployment rate for the city of El Paso fell to 6.9% in August as hiring continued, Monday’s Workforce Solutions Borderplex report said. It dropped from 8.4% last month and the historic peak of 14.5% in April, when joblessness was highest since at least the Great Depression. “It’s a slow, positive progress, and we’re moving in the right direction,” said Leila Melendez, CEO of Workforce ...Solutions Borderplex, who answered questions by email. Even so, El Paso is still digging itself out of an economic hole, and the unemployment rate remains significantly higher than pre-pandemic levels. The unemployment rate was 3.6% in February. It’s not clear how much of the decline in August’s unemployment rate...

 

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El Paso Inc.