Overall unemployment rate moved down to 6.5% with the biggest shift in Business Services, which gained 3,400 roles, based on the most recently available information published in April 2021.
Total employment in the San Antonio-New Braunfels, TX market rose by 8,509 jobs in March and the unemployment rate decreased compared to the prior month by 30 bps to 6.5%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- San Antonio-New Braunfels, TX unemployment rate is 32 bps above the national rate which is a negative sign.
- Unemployment in the market is 200 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 185,000; no change
- Government: 175,200; no change
- Education & Healthcare: 162,000; +800
- Business Services: 157,800; +3,400
- Restaurants & Hotels: 115,700; +2,700
- Financial Services: 93,700; -500
- Construction, Mining: 63,500; +3,000
- Manufacturing: 52,000; +500
- Other Jobs: 35,100; +400
- IT & Development: 18,200; +100
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.