Overall unemployment rate moved up to 4.4% with the biggest shift in Transportation & Utilities, which lost 200 roles, based on the most recently available information published in April 2023.
Total employment in the Sherman-Denison, TX market rose by 444 jobs in February and the unemployment rate increased compared to the prior month by 30 bps to 4.4%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Sherman-Denison, TX unemployment rate is 51 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 February versus prior month by 24.2% 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: 10,100; +100
- Transportation & Utilities: 9,400; -200
- Government: 8,100; +200
- Manufacturing: 6,300; -100
- Restaurants & Hotels: 5,600; no change
- Business Services: 3,900; no change
- Construction, Mining: 3,500; no change
- Financial Services: 1,900; no change
- Other Jobs: 1,100; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.