Overall unemployment rate moved up to 6.0% with the biggest shift in Government, which gained 100 roles, based on the most recently available information published in April 2021.
Total employment in the Sherman-Denison, TX market rose by 11 jobs in February and the unemployment rate increased compared to the prior month by 30 bps to 6.0%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Sherman-Denison, TX unemployment rate is 55 bps below the national rate which is a positive sign.
- Unemployment in the market is 280 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in February versus prior month by -14.0% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Education & Healthcare: 11,000; +100
- Transportation & Utilities: 9,000; -100
- Government: 7,200; +100
- Manufacturing: 5,300; +100
- Restaurants & Hotels: 5,100; +100
- Business Services: 3,600; -100
- Construction, Mining: 3,000; no change
- Financial Services: 2,500; -100
- Other Jobs: 900; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.