Overall unemployment rate moved down to 4.5% with the biggest shift in Government, which gained 6,500 roles, based on the most recently available information published in November 2021.
Total employment in the San Antonio-New Braunfels, TX market rose by 15,578 jobs in September and the unemployment rate decreased compared to the prior month by 30 bps to 4.5%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- San Antonio-New Braunfels, TX unemployment rate is 6 bps below the national rate which is a positive sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 5.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 188,100; +1,100
- Government: 177,000; +6,500
- Education & Healthcare: 163,400; +1,500
- Business Services: 158,100; +1,600
- Restaurants & Hotels: 127,600; +2,100
- Financial Services: 95,600; +400
- Construction, Mining: 62,900; +1,500
- Manufacturing: 51,500; -300
- Other Jobs: 36,200; -500
- IT & Development: 18,500; no change
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.