Overall unemployment rate moved down to 3.4% with the biggest shift in Education & Healthcare, which gained 100 roles, based on the most recently available information published in February 2022.
Total employment in the Sherman-Denison, TX market rose by 106 jobs in December and the unemployment rate decreased compared to the prior month by 40 bps to 3.4%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Sherman-Denison, TX unemployment rate is 29 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in December versus prior month by -14.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Education & Healthcare: 11,300; +100
- Transportation & Utilities: 9,700; +100
- Government: 7,800; no change
- Restaurants & Hotels: 5,700; no change
- Manufacturing: 5,400; no change
- Business Services: 3,700; no change
- Construction, Mining: 3,000; no change
- Financial Services: 2,500; no change
- Other Jobs: 900; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.