Overall unemployment rate stayed flat at 4.0% with the biggest shift in Education & Healthcare, which lost 200 roles, based on the most recently available information published in April 2022.
Total employment in the Sherman-Denison, TX market rose by 519 jobs in February and the unemployment rate stayed flat. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Sherman-Denison, TX unemployment rate is 14 bps below the national rate which is a positive sign.
- Unemployment in the market is 200 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in February versus prior month by -2.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Education & Healthcare: 10,800; -200
- Transportation & Utilities: 9,600; +100
- Government: 7,700; +100
- Restaurants & Hotels: 5,700; +100
- Manufacturing: 5,500; no change
- Business Services: 3,800; +100
- Construction, Mining: 3,300; +100
- 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 February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.