Overall unemployment rate moved down to 7.6% with the biggest shift in Government, which gained 1,200 roles, based on the most recently available information published in December 2021.
Total employment in the McAllen-Edinburg-Mission, TX market rose by 637 jobs in October and the unemployment rate decreased compared to the prior month by 40 bps to 7.6%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- McAllen-Edinburg-Mission, TX unemployment rate is 334 bps above the national rate which is a negative sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in October versus prior month by -0.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 83,400; -600
- Government: 62,700; +1,200
- Transportation & Utilities: 53,500; +600
- Restaurants & Hotels: 25,700; +300
- Business Services: 19,400; +300
- Financial Services: 9,400; +100
- Construction, Mining: 7,200; no change
- Manufacturing: 6,500; +300
- Other Jobs: 5,500; +100
- IT & Development: 2,800; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.