Overall unemployment rate moved up to 3.9% with the biggest shift in Transportation & Utilities, which lost 6,900 roles, based on the most recently available information published in March 2023.
Total employment in the San Antonio-New Braunfels, TX market rose by 14,499 jobs in January and the unemployment rate increased compared to the prior month by 60 bps to 3.9%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- San Antonio-New Braunfels, TX unemployment rate is 4 bps above the national rate which is a negative sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in January versus prior month by -1.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.1%. Key sectors include:
- Transportation & Utilities: 204,500; -6,900
- Government: 175,400; -3,900
- Education & Healthcare: 167,800; -3,500
- Business Services: 161,100; no change
- Restaurants & Hotels: 142,400; +1,700
- Financial Services: 102,200; -400
- Construction, Mining: 69,200; +1,100
- Manufacturing: 58,100; -400
- Other Jobs: 39,900; -200
- IT & Development: 19,000; -200
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.