Overall unemployment rate moved down to 3.5% with the biggest shift in Government, which gained 9,300 roles, based on the most recently available information published in November 2022.
Total employment in the San Antonio-New Braunfels, TX market rose by 9,120 jobs in September and the unemployment rate decreased compared to the prior month by 30 bps to 3.5%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- San Antonio-New Braunfels, TX unemployment rate is 18 bps above the national rate which is a negative sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 6% and are up 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: 194,400; +100
- Education & Healthcare: 177,700; +2,500
- Government: 177,300; +9,300
- Business Services: 152,500; -1,700
- Restaurants & Hotels: 139,400; -1,500
- Financial Services: 99,500; -200
- Construction, Mining: 62,300; -1,300
- Manufacturing: 54,500; +600
- Other Jobs: 44,500; +1,200
- IT & Development: 18,100; no change
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.