Metro San Antonio Unemployment Continues Hitting New Lows

Talk of an 'economic slowdown' hasn't reached the San Antonio area, which reported increased employment in eight of eleven key sectors in May for a 2.6% unemployment rate, far lower than jobless rates on the state or national levels, News Radio 1200 WOAI reports.

Workforce Solutions Alamo reports strong job gains in education and health, the region's strongest sectors, as well as in government, professional and business services, leisure and hospitality, manufacturing and other services.

'Mining and logging,' which is the oil industry locally, reports no job growth last month, with job losses occurring in construction, transportation and utilities, and financial services.

All told, the region experienced a 1.8% annualized job growth rate, which is stronger than the roughly 1% job growth rate experienced in the metro in 2018.

The fact that the overall unemployment rate is holding steady at 2.6% is significant considering the major population growth being experienced in the metro.

June 22, 2019

1200 WOAI

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