Overall unemployment rate moved down to 3.4% with the biggest shift in Transportation & Utilities, which gained 3,600 roles, based on the most recently available information published in January 2022.
Total employment in the San Antonio-New Braunfels, TX market rose by 7,747 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 3.4%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- San Antonio-New Braunfels, TX unemployment rate is 4 bps above the national rate which is a negative sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 5.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 199,300; +3,600
- Education & Healthcare: 180,200; -800
- Government: 179,600; +1,500
- Business Services: 156,900; +1,100
- Restaurants & Hotels: 143,500; +1,000
- Financial Services: 102,000; +900
- Construction, Mining: 62,400; +200
- Manufacturing: 55,000; +200
- Other Jobs: 45,200; +1,500
- IT & Development: 18,200; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.