Overall unemployment rate moved down to 3.3% with the biggest shift in Restaurants & Hotels, which gained 2,200 roles, based on the most recently available information published in June 2022.
Total employment in the San Antonio-New Braunfels, TX market declined by 3,783 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 3.3%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- San Antonio-New Braunfels, TX unemployment rate is 4 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 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 7.4% 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:
- Transportation & Utilities: 192,600; -1,000
- Government: 175,700; -200
- Education & Healthcare: 171,100; +1,400
- Business Services: 152,500; -200
- Restaurants & Hotels: 134,600; +2,200
- Financial Services: 97,900; +2,100
- Construction, Mining: 62,700; +400
- Manufacturing: 53,100; +1,100
- Other Jobs: 41,200; +900
- IT & Development: 17,600; +200
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.