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UNEMPLOYMENT RATE IN SAN ANTONIO-NEW BRAUNFELS MSA HELD STEADY AT 2.6 PERCENT

Industry ,

 

 

FOR IMMEDIATE RELEASE

 

                                Media Contact:      Tiffany Harris  

(210) 510-4686

                                   

UNEMPLOYMENT RATE IN SAN ANTONIO-NEW BRAUNFELS MSA HELD STEADY AT 2.6 PERCENT

Workforce Solutions Alamo Releases May 2019 Job Market Information

(June 21, 2019) Workforce Solutions Alamo (WSA) released information today indicating that the unemployment rate in the eight county San Antonio-New Braunfels metropolitan statistical area (MSA) held steady at 2.6 percent in May.  Since this time last year, 18,900 jobs have been added, resulting in a 1.8 percent annual increase.

The San Antonio-New Braunfels MSA experienced job growth in 8 out of 11 major industries between April and May 2019. The largest job growth occurred in Education and Health Services had a gain of 900 (0.5%) jobs over the month, Government reported a gain of 500(0.3%) followed by Professional and Business Services with a gain of 400 (0.3%) jobs, Manufacturing also showed a growth of 400 jobs (0.8%) jobs,Other Services indicated growth of 400 jobs (1.0%) jobs, followed by Leisure and Hospitality with a gain 300(0.2%) of jobs, Information had a gain of 100 (0.5%) jobs over the month,  Mining, Logging indicated no job gains 0 (0.0%).

Losses were reported in 3 industries over the month between April and May 2019. The largest jobs loss occurred in Construction had a loss of -1,700(-3.1%) jobs with an annual gain of 600(1.1%) jobs. Followed by Trade, Transportation, and Utilities experienced a loss of -1,300 (-0.7%), however, this industry indicated an annual gain of 800(0.4%) jobs since May 2018. Financial Activities also indicate a loss of -500 (-0.5%) jobs, with an annual gain of 1,700 (1.9%) jobs.

Comparing the Workforce Solutions Alamo metro area to the state and nation, the Texas seasonally unadjusted (actual) unemployment rate decreased to 2.9 percent in May, down from the 3.0% rate reported in April. The nation’s unadjusted (actual) unemployment rate moved up to 3.4 percent in May, up from the 3.3% rate reported in April. Summarizing the seasonally adjusted unemployment rates for the state and the nation, the Texas seasonally adjusted rate decreased to 3.5 percent for May, down from 3.7% rate reported in April, while the nation’s unemployment rate held steady at 3.6 percent in May, the same 3.6% rate reported in April.

 

The mission of Workforce Solutions Alamo involves working to strengthen the Alamo regional economy by growing and connecting talent pipelines to employers. Workforce Solutions Alamo reaches over 8,000 businesses and more than 2.0 million residents in the City of San Antonio and the counties of Atascosa, Bandera, Bexar, Comal, Frio, Guadalupe, Gillespie, Karnes, Kerr, Kendall, McMullen, Medina, and Wilson counties. For more information on available workforce programs and services, visit our website at www.workforcesolutionsalamo.org.

Note: Only the actual/unadjusted series unemployment rate estimates for Texas and the US are comparable to sub-state unemployment rates. Adjusted rates are calculated by smoothing out the changes in unemployment due to the typical seasonal hiring and layoffs. Rates reported are estimates and changes in previously reported rates can occur with BLS readjustments.

 

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