Overall unemployment rate moved down to 5.4% with the biggest shift in Government, which lost 4,800 roles, based on the most recently available information published in September 2021.
Total employment in the San Antonio-New Braunfels, TX market rose by 6,077 jobs in July and the unemployment rate decreased compared to the prior month by 60 bps to 5.4%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- San Antonio-New Braunfels, TX unemployment rate is 26 bps below the national rate which is a positive sign.
- Unemployment in the market is 390 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 1.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.8%. Key sectors include:
- Transportation & Utilities: 186,500; +500
- Government: 172,400; -4,800
- Education & Healthcare: 158,500; -3,600
- Business Services: 155,400; -4,400
- Restaurants & Hotels: 130,400; +2,800
- Financial Services: 94,800; +300
- Construction, Mining: 62,500; -1,000
- Manufacturing: 52,800; +1,300
- Other Jobs: 36,800; -200
- IT & Development: 18,500; +200
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.