Overall unemployment rate moved up to 4.3% with the biggest shift in Government, which gained 3,800 roles, based on the most recently available information published in April 2023.
Total employment in the San Antonio-New Braunfels, TX market rose by 12,531 jobs in February and the unemployment rate increased compared to the prior month by 40 bps to 4.3%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- San Antonio-New Braunfels, TX unemployment rate is 41 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 February versus prior month by 1.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 205,100; +400
- Government: 180,300; +3,800
- Education & Healthcare: 170,200; +1,700
- Business Services: 163,500; +2,500
- Restaurants & Hotels: 144,500; +2,200
- Financial Services: 102,200; +100
- Construction, Mining: 68,500; -500
- Manufacturing: 58,000; +400
- Other Jobs: 40,000; no change
- IT & Development: 19,100; -100
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.