Overall unemployment rate moved down to 5.7% with the biggest shift in Restaurants & Hotels, 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 269 jobs in March and the unemployment rate decreased compared to the prior month by 30 bps to 5.7%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Sherman-Denison, TX unemployment rate is 48 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in March versus prior month by -15.4% 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: 11,100; no change
- Transportation & Utilities: 9,000; no change
- Government: 7,200; no change
- Manufacturing: 5,300; no change
- Restaurants & Hotels: 5,200; +100
- Business Services: 3,600; no change
- Construction, Mining: 3,000; no change
- Financial Services: 2,600; no change
- Other Jobs: 900; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.