Overall unemployment rate moved down to 4.0% 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 113 jobs in October and the unemployment rate decreased compared to the prior month by 10 bps to 4.0%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Sherman-Denison, TX unemployment rate is 26 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in October versus prior month by -23.4% 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: 11,400; -300
- Transportation & Utilities: 9,400; +300
- Government: 7,600; no change
- Restaurants & Hotels: 5,500; -100
- Manufacturing: 5,400; +100
- Business Services: 3,700; +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 October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.