Overall unemployment rate moved down to 6.8% with the biggest shift in Government, which gained 1,400 roles, based on the most recently available information published in April 2023.
Total employment in the McAllen-Edinburg-Mission, TX market rose by 3,254 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 6.8%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- McAllen-Edinburg-Mission, TX unemployment rate is 291 bps above the national rate which is a negative sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 1.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Education & Healthcare: 90,200; +200
- Government: 63,100; +1,400
- Transportation & Utilities: 57,500; -200
- Restaurants & Hotels: 29,500; +500
- Business Services: 23,200; no change
- Financial Services: 9,200; -100
- Construction, Mining: 8,600; -100
- Manufacturing: 7,200; no change
- Other Jobs: 6,200; no change
- IT & Development: 3,000; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.