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2013-08-29

Jobs drop for summer,unemployment rate 6.7 %

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Workforce Solutions Alamo released information last month indicating that the San Antonio metro area unemployment rate increased to 6.7 percent in June, up from 6.2 percent reported for May. Total non-agricultural employment in the San Antonio-New Braunfels MSA expanded by 6,400 jobs over-the-month while annual growth remained strong with 14,700 more jobs (1.7 percent) since June 2012.
"Public school jobs and Education jobs at the College and University level contributed the greatest losses at this time," said Workforce Solutions Alamo Executive Director, Patrick W. Newman. "Summer break impacts the unemployment rate each year expectedly."
Leisure and Hospitality contributed the most job gains since May 2013 with a reported 4,300 jobs (3.8 percent), and an annual gain of 1,900 jobs (1.3 percent).
Construction continues its job growth with an additional 800 jobs (1.8 percent) over the month, and 3,500 jobs (8.5 percent) over the year, making it the fastest growing industry in the Alamo region at this time. Manufacturing contributed 500 more jobs (1.1 percent) in June, and is slowly attempting to overcome a deficit of -300 jobs (-0.6 percent) since this same time last year.
As stated, the largest job losses since June occurred in the Government sector reporting -800 jobs (-0.5 percent) with the majority of the losses happening in the Local Government sub-sector as public schools release staff for the summer break. The sub-sector Educational Services reported -800 jobs (-5.0 percent) yet was almost completely offset by the growth in the Health Care and Social Assistance sub-sector which reported a gain of 700 jobs (0.6 percent).
Other gains include 200 jobs (0.1 percent) in Trade, Transportation and Utilities; 200 jobs (1.0 percent) in Information; 200 jobs (0.3 percent) in Financial Activities; and 500 jobs (1.5 percent) in Other Services. Mining and Logging (Oil and Gas) reported no job changes in June.
The Bandera County unemployment rate increased to 6.1 percent in June, up from 5.9 percent reported in May.
Bandera County's unemployment rate registered lower than the overall jobless rate of 6.6 percent for the 12-county Workforce Solutions Alamo area, which includes Atascosa, Bandera, Comal, Frio, Gillespie, Guadalupe, Karnes, Kendall, Kerr, Medina and Wilson counties. Gillespie County registered the lowest unemployment rate in June amongst the counties at 4.4 percent and Karnes County registered the highest rate at 7.3 percent.
Comparing the Workforce Solutions Alamo metro area to the state and nation, the Texas unadjusted (actual) unemployment rate increased to 6.9 percent in June, up from 6.5 percent in May. The nation's unadjusted (actual) unemployment rate increased to 7.8 percent in June, up from 7.3 percent reported in May. Comparatively, the state and nation release seasonally adjusted unemployment rates with Texas holding steady at 6.5 percent in June, and the nation's unemployment rate holding at 7.6 percent, the same rates reported for May.