Overall unemployment rate moved up to 8.0% with the biggest shift in Education & Healthcare, which gained 800 roles, based on the most recently available information published in August 2022.
Total employment in the McAllen-Edinburg-Mission, TX market rose by 306 jobs in June and the unemployment rate increased compared to the prior month by 110 bps to 8.0%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- McAllen-Edinburg-Mission, TX unemployment rate is 416 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in June 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 0.7% . Key sectors include:
- Education & Healthcare: 86,200; +800
- Government: 62,300; -100
- Transportation & Utilities: 54,800; +100
- Restaurants & Hotels: 28,000; +300
- Business Services: 21,400; +400
- Financial Services: 8,800; no change
- Construction, Mining: 8,800; +200
- Manufacturing: 7,200; +100
- Other Jobs: 5,900; +100
- IT & Development: 2,900; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.