Overall unemployment rate moved up to 6.6% with the biggest shift in Transportation & Utilities, which lost 5,300 roles, based on the most recently available information published in March 2021.
Total employment in the San Antonio-New Braunfels, TX market declined by 10,054 jobs in January and the unemployment rate increased compared to the prior month by 20 bps to 6.6%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- San Antonio-New Braunfels, TX unemployment rate is 21 bps below the national rate which is a positive sign.
- Unemployment in the market is 340 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.5%. Key sectors include:
- Transportation & Utilities: 183,400; -5,300
- Government: 171,400; -3,500
- Education & Healthcare: 159,600; no change
- Business Services: 152,700; -3,100
- Restaurants & Hotels: 112,800; -1,800
- Financial Services: 94,200; -400
- Construction, Mining: 60,900; -800
- Manufacturing: 50,600; -400
- Other Jobs: 34,200; -500
- IT & Development: 18,000; -300
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.