Overall unemployment rate moved up to 5.3% with the biggest shift in Restaurants & Hotels, which gained 300 roles, based on the most recently available information published in July 2021.
Total employment in the Sherman-Denison, TX market rose by 345 jobs in June and the unemployment rate increased compared to the prior month by 60 bps to 5.3%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Sherman-Denison, TX unemployment rate is 79 bps below the national rate which is a positive sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in June versus prior month by -21.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.9% . Key sectors include:
- Education & Healthcare: 11,500; +200
- Transportation & Utilities: 9,100; +200
- Government: 7,400; +100
- Restaurants & Hotels: 5,600; +300
- 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; +100
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.