Overall unemployment rate moved down to 3.9% with the biggest shift in Business Services, which lost 4,000 roles, based on the most recently available information published in May 2023.
Total employment in the San Antonio-New Braunfels, TX market rose by 4,416 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 3.9%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- San Antonio-New Braunfels, TX unemployment rate is 28 bps above the national rate which is a negative sign.
- Unemployment in the market is 40 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 2.3% and are equal 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: 204,900; +100
- Government: 181,800; +1,600
- Education & Healthcare: 173,800; +1,600
- Business Services: 159,400; -4,000
- Restaurants & Hotels: 143,900; -400
- Financial Services: 102,500; -100
- Construction, Mining: 69,300; +700
- Manufacturing: 56,700; -1,000
- Other Jobs: 40,400; +400
- IT & Development: 19,200; +100
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.