Overall unemployment rate moved down to 5.3% with the biggest shift in Business Services, which lost 2,200 roles, based on the most recently available information published in June 2021.
Total employment in the San Antonio-New Braunfels, TX market declined by 913 jobs in May and the unemployment rate decreased compared to the prior month by 40 bps to 5.3%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- San Antonio-New Braunfels, TX unemployment rate is 20 bps below the national rate which is a positive sign.
- Unemployment in the market is 660 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 4.4% 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: 185,900; -500
- Government: 178,300; -200
- Education & Healthcare: 161,000; +500
- Business Services: 153,700; -2,200
- Restaurants & Hotels: 123,100; +1,800
- Financial Services: 92,400; -1,500
- Construction, Mining: 62,900; -300
- Manufacturing: 50,800; -900
- Other Jobs: 36,100; +800
- IT & Development: 18,200; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.