Overall unemployment rate moved down to 3.7% with the biggest shift in Transportation & Utilities, which gained 2,100 roles, based on the most recently available information published in February 2022.
Total employment in the San Antonio-New Braunfels, TX market declined by 2,587 jobs in December and the unemployment rate decreased compared to the prior month by 40 bps to 3.7%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- San Antonio-New Braunfels, TX unemployment rate is 1 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 5.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 194,500; +2,100
- Government: 182,600; +300
- Business Services: 163,800; +400
- Education & Healthcare: 161,300; -600
- Restaurants & Hotels: 128,900; -2,000
- Financial Services: 97,900; -200
- Construction, Mining: 61,600; -200
- Manufacturing: 51,700; +200
- Other Jobs: 36,500; -300
- IT & Development: 18,900; +300
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.