Overall unemployment rate moved down to 4.8% with the biggest shift in Restaurants & Hotels, which lost 4,400 roles, based on the most recently available information published in September 2021.
Total employment in the San Antonio-New Braunfels, TX market rose by 2,338 jobs in August and the unemployment rate decreased compared to the prior month by 60 bps to 4.8%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- San Antonio-New Braunfels, TX unemployment rate is 49 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 4.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 187,300; +700
- Government: 172,500; -1,000
- Education & Healthcare: 161,900; +3,300
- Business Services: 156,600; +1,700
- Restaurants & Hotels: 124,800; -4,400
- Financial Services: 94,900; -1,100
- Construction, Mining: 61,200; -1,300
- Manufacturing: 52,700; -100
- Other Jobs: 36,700; -100
- IT & Development: 18,500; +100
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.