Overall unemployment rate moved down to 4.1% with the biggest shift in Government, which lost 100 roles, based on the most recently available information published in November 2021.
Total employment in the Sherman-Denison, TX market declined by 132 jobs in September and the unemployment rate decreased compared to the prior month by 10 bps to 4.1%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Sherman-Denison, TX unemployment rate is 46 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in September versus prior month by -25.0% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:
- Education & Healthcare: 11,700; no change
- Transportation & Utilities: 9,100; no change
- Government: 7,300; -100
- Restaurants & Hotels: 5,500; -100
- Manufacturing: 5,300; no change
- Business Services: 3,600; no change
- Construction, Mining: 3,000; no change
- Financial Services: 2,500; no change
- Other Jobs: 900; -100
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.