Overall unemployment rate moved down to 4.1% with the biggest shift in Transportation & Utilities, which gained 2,800 roles, based on the most recently available information published in December 2021.
Total employment in the San Antonio-New Braunfels, TX market rose by 8,062 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 4.1%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- San Antonio-New Braunfels, TX unemployment rate is 21 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 November versus prior month by 4.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 192,100; +2,800
- Government: 182,000; +1,500
- Business Services: 162,700; +1,600
- Education & Healthcare: 161,600; -200
- Restaurants & Hotels: 131,500; +1,100
- Financial Services: 98,000; +700
- Construction, Mining: 61,800; -1,500
- Manufacturing: 51,800; +100
- Other Jobs: 36,800; +400
- IT & Development: 18,700; +200
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.