Overall unemployment rate moved down to 3.5% with the biggest shift in Business Services, which lost 1,900 roles, based on the most recently available information published in April 2022.
Total employment in the San Antonio-New Braunfels, TX market rose by 3,881 jobs in March and the unemployment rate decreased compared to the prior month by 70 bps to 3.5%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- San Antonio-New Braunfels, TX unemployment rate is 25 bps below the national rate which is a positive sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 193,500; -200
- Government: 175,900; +500
- Education & Healthcare: 169,700; +300
- Business Services: 153,100; -1,900
- Restaurants & Hotels: 133,600; -300
- Financial Services: 96,000; +200
- Construction, Mining: 62,500; -600
- Manufacturing: 52,000; +100
- Other Jobs: 40,400; +500
- IT & Development: 17,400; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.