Overall unemployment rate moved down to 3.8% with the biggest shift in Transportation & Utilities, which gained 300 roles, based on the most recently available information published in December 2021.
Total employment in the Sherman-Denison, TX market rose by 223 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 3.8%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Sherman-Denison, TX unemployment rate is 9 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in November versus prior month by -22.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Education & Healthcare: 11,200; -200
- Transportation & Utilities: 9,400; +300
- Government: 7,900; +100
- Restaurants & Hotels: 5,700; no change
- Manufacturing: 5,400; no change
- Business Services: 3,600; -100
- 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 November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.