Overall unemployment rate moved up to 4.0% with the biggest shift in Government, which lost 2,700 roles, based on the most recently available information published in August 2022.
Total employment in the San Antonio-New Braunfels, TX market declined by 616 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 4.0%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- San Antonio-New Braunfels, TX unemployment rate is 16 bps above the national rate which is a negative sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 5.9% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 194,000; +700
- Government: 173,700; -2,700
- Education & Healthcare: 172,900; +1,900
- Business Services: 154,200; +300
- Restaurants & Hotels: 141,600; +2,500
- Financial Services: 98,000; +300
- Construction, Mining: 63,000; +500
- Manufacturing: 54,000; +600
- Other Jobs: 42,500; +1,800
- IT & Development: 18,000; +100
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.