Overall unemployment rate moved down to 3.6% with the biggest shift in Manufacturing, which lost 100 roles, based on the most recently available information published in September 2022.
Total employment in the Sherman-Denison, TX market declined by 141 jobs in August and the unemployment rate decreased compared to the prior month by 10 bps to 3.6%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Sherman-Denison, TX unemployment rate is 19 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 16.9% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Education & Healthcare: 11,600; +100
- Transportation & Utilities: 9,600; no change
- Government: 7,600; +100
- Restaurants & Hotels: 6,000; -100
- Manufacturing: 5,600; -100
- Business Services: 3,800; no change
- Construction, Mining: 3,300; no change
- Financial Services: 2,000; no change
- Other Jobs: 1,000; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.