Overall unemployment rate moved up to 11.9% with the biggest shift in Transportation & Utilities, which lost 1,400 roles, based on the most recently available information published in March 2021.
Total employment in the McAllen-Edinburg-Mission, TX market rose by 4,736 jobs in January and the unemployment rate increased compared to the prior month by 20 bps to 11.9%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- McAllen-Edinburg-Mission, TX unemployment rate is 509 bps above the national rate which is a negative sign.
- Unemployment in the market is 430 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in January versus prior month by -0.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Education & Healthcare: 79,600; -200
- Government: 59,800; -500
- Transportation & Utilities: 52,000; -1,400
- Restaurants & Hotels: 23,500; +300
- Business Services: 18,000; -300
- Financial Services: 8,900; no change
- Construction, Mining: 7,200; -100
- Manufacturing: 6,800; -100
- Other Jobs: 5,100; no change
- IT & Development: 2,600; no change
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.