Overall unemployment rate moved up to 9.0% with the biggest shift in Government, which lost 2,100 roles, based on the most recently available information published in March 2022.
Total employment in the McAllen-Edinburg-Mission, TX market declined by 7,571 jobs in January and the unemployment rate increased compared to the prior month by 120 bps to 9.0%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- McAllen-Edinburg-Mission, TX unemployment rate is 457 bps above the national rate which is a negative sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in January versus prior month by -2.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.7%. Key sectors include:
- Education & Healthcare: 84,900; -100
- Government: 59,000; -2,100
- Transportation & Utilities: 54,800; -1,500
- Restaurants & Hotels: 26,500; -400
- Business Services: 20,500; -300
- Financial Services: 8,800; no change
- Construction, Mining: 8,400; -100
- Manufacturing: 6,900; -100
- Other Jobs: 5,700; -100
- IT & Development: 2,800; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.