Overall unemployment rate moved down to 3.4% with the biggest shift in Business Services, which gained 3,200 roles, based on the most recently available information published in June 2023.
Total employment in the San Antonio-New Braunfels, TX market rose by 3,779 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 3.4%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- San Antonio-New Braunfels, TX unemployment rate is 30 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in April versus prior month by 2.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 205,400; +600
- Government: 182,600; +900
- Education & Healthcare: 174,700; +1,000
- Business Services: 163,300; +3,200
- Restaurants & Hotels: 146,300; +2,100
- Financial Services: 101,900; -200
- Construction, Mining: 70,200; +500
- Manufacturing: 57,000; no change
- Other Jobs: 40,500; +100
- IT & Development: 19,300; +100
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.