Overall unemployment rate moved down to 4.3% with the biggest shift in Restaurants & Hotels, which gained 4,900 roles, based on the most recently available information published in December 2021.
Total employment in the San Antonio-New Braunfels, TX market rose by 9,433 jobs in October and the unemployment rate decreased compared to the prior month by 20 bps to 4.3%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- San Antonio-New Braunfels, TX unemployment rate is 4 bps above the national rate which is a negative sign.
- Unemployment in the market is 200 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 4.4% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 189,500; +600
- Government: 180,200; +1,400
- Business Services: 162,200; +4,100
- Education & Healthcare: 161,500; -1,700
- Restaurants & Hotels: 131,400; +4,900
- Financial Services: 97,300; +1,700
- Construction, Mining: 63,300; +600
- Manufacturing: 51,900; +400
- Other Jobs: 36,400; +200
- IT & Development: 18,500; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.