Overall unemployment rate moved down to 5.6% with the biggest shift in Government, which gained 500 roles, based on the most recently available information published in June 2023.
Total employment in the McAllen-Edinburg-Mission, TX market declined by 1,830 jobs in April and the unemployment rate decreased compared to the prior month by 80 bps to 5.6%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- McAllen-Edinburg-Mission, TX unemployment rate is 250 bps above the national rate which is a negative sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Education & Healthcare: 91,500; +300
- Government: 63,600; +500
- Transportation & Utilities: 57,300; -100
- Restaurants & Hotels: 29,400; -100
- Business Services: 23,400; +300
- Financial Services: 9,200; no change
- Construction, Mining: 8,600; no change
- Manufacturing: 7,300; no change
- Other Jobs: 6,300; no change
- IT & Development: 3,000; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.