Overall unemployment rate moved down to 4.6% with the biggest shift in Education & Healthcare, which gained 400 roles, based on the most recently available information published in September 2021.
Total employment in the Sherman-Denison, TX market rose by 1,209 jobs in July and the unemployment rate decreased compared to the prior month by 70 bps to 4.6%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Sherman-Denison, TX unemployment rate is 106 bps below the national rate which is a positive sign.
- Unemployment in the market is 220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in July versus prior month by -26.0% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 11,900; +400
- Transportation & Utilities: 9,100; -100
- Government: 7,300; no change
- Restaurants & Hotels: 5,600; +100
- Manufacturing: 5,300; no change
- Business Services: 3,600; no change
- Construction, Mining: 3,000; no change
- Financial Services: 2,600; no change
- Other Jobs: 1,000; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.