Unemployment numbers drop
Workforce Solutions Alamo has released information indicating that the San Antonio-New Braunfels metro area (SA MSA) job market experienced job gains from October to November as Total Nonagricultural Employment increased by 1,900 jobs (0.2 percent) to 897,200. Retail Trade job growth offset job losses in all other industries in the SA MSA and the unemployment rate continued to decrease to 5.6 percent, down from 5.8 percent registered in October.
4,000 jobs (4.0 percent) were gained in Retail Trade between October and November. Trade, transportation, and utilities as a whole industry reports 2,600 more jobs over-the year. Government added 1,500 jobs (0.9 percent) between October and November, and reports a positive annual gain of 4,800,000 jobs (3.0 percent) with the majority of those jobs coming from local government as public schools expanded their payrolls to meet population growth rates. Professional and business services added 900 jobs (0.8 percent) over-the-month and reports an annual gain of 3,700 jobs (3.4 percent).
Most industries report job losses at this time with the largest losses happening in leisure and hospitality reporting -1,600 jobs (-1.4 percent), but reports gains over-the-year with 1,100 jobs (1.0 percent). Construction dropped -1,200 jobs (-2.8 percent), but reports annual gains of 700 jobs (1.7 percent). Education and health services lost -1,100 jobs (-0.8 percent) since October, and for the first time shows an annual loss of -500 jobs (0.4 percent). The ambulatory health care services sub-sector reports the most losses in this industry. Some examples of industry employers are office of physicians, outpatient care centers, medical and diagnostic laboratories, and home health care services to name a few.
Comparing the Workforce Solutions Alamo metro area to the state and nation, the Texas unadjusted (actual) unemployment rate decreased to 5.8 percent in November, down from 6.0 percent in October. The nation’s unadjusted (actual) unemployment rate also decreased to 6.6 percent in November, down from 7.0 percent reported in October. Comparatively, the state and nation release seasonally adjusted unemployment rates with Texas decreasing to 6.1 percent in November, and the nation’s unemployment rate decreasing to 7.0 percent, down from 7.3 percent reported in October.
The San Antonio-New Braunfels MSA is comprised of Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, and Wilson counties.
For more information on available workforce programs and services, visit wwwWorkforceSolutionsAlamo.org.