Overall unemployment rate moved up to 4.3% with the biggest shift in Government, which lost 4,200 roles, based on the most recently available information published in March 2022.
Total employment in the San Antonio-New Braunfels, TX market declined by 22,263 jobs in January and the unemployment rate increased compared to the prior month by 60 bps to 4.3%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- San Antonio-New Braunfels, TX unemployment rate is 13 bps below the national rate which is a positive 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) grew in January versus prior month by 10.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:
- Transportation & Utilities: 192,800; -4,100
- Government: 172,300; -4,200
- Education & Healthcare: 166,400; +2,300
- Business Services: 154,800; -900
- Restaurants & Hotels: 130,900; +200
- Financial Services: 95,000; -800
- Construction, Mining: 62,200; -600
- Manufacturing: 52,500; -400
- Other Jobs: 39,300; +500
- IT & Development: 17,300; +100
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.