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2014-05-29

Unemployment rate drops in April

Workforce Solutions Alamo

Job growth continues in San Antonio region

Workforce Solutions Alamo released information this month indicating that the San Antonio metro area unemployment rate dropped to 4.4 percent in April. Total non-agricultural employment in the San Antonio-New Braunfels MSA expanded by 6,500 jobs to 924,000, while annual growth continued with a strong report of 20,200 jobs added to the metro area since the same time last year.
Bandera County's unemployment rate registered lower than the overall jobless rate of 4.3 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 April amongst the counties at 2.7 percent and Medina County registered the highest rate at 4.6 percent.
"Our unemployment rate has not been in the 4's since 2008," said Workforce Solutions Alamo Communications Manager, Eva Esquivel. "We have more jobs than we have ever had in our region and are moving to 'full' employment. Jobseekers will become even more in-demand very soon."
Job gains between March and April occurred in almost every industry but financial activities and education and health services. Financial activities reports a monthly loss of -200 jobs (-0.3 percent) yet maintains an annual positive job gain of 100 jobs (0.1 percent). Education and health services reported no gains or losses with 141,000 total jobs in the Alamo region as of April.
The industry providing the largest numerical gain in April is leisure and hospitality reporting 2,900 jobs (2.5 percent) and an annual gain of 5,100 jobs (4.4 percent). Professional and business services followed with 1,900 jobs (1.7 percent) with an annual gain of 3,800 jobs (3.5 percent). Trade transportation and utilities added 700 jobs in April, construction added 400 jobs, manufacturing and other services both added 200 jobs each, and mining and logging (Oil and Gas) added 100 jobs.
Comparing the Workforce Solutions Alamo metro area to the state and nation, the Texas unadjusted (actual) unemployment rate decreased to 4.7 percent in April, down from 5.3 percent in March.
The nation's unadjusted (actual) unemployment rate also decreased to 5.9 percent in April, down from 6.8 percent reported in March. Comparatively, the state and nation release seasonally adjusted unemployment rates with Texas decreasing to 5.2 percent in April, and the nation's unemployment rate decreasing to 6.3 percent in April. The mission of Workforce Solutions Alamo is to build a premier workforce in America by providing employers and residents with the opportunities, resources and services to develop and gain a competitive edge in the global economy. Workforce Solutions Alamo reaches over 40,000 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, Medina and Wilson counties. For more information on available workforce programs and services, visit our website at www.workforcesolutionsalamo.org.
The San Antonio-New Braunfels MSA is comprised of the counties of Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina and Wilson.
Note: Only the actual/unadjusted series unemployment rate estimates for Texas and the US are comparable to sub-state unemployment rates, taking into account seasonal changes. Adjusted rates are calculated by smoothing out the changes in unemployment due to the typical seasonal hiring's and layoffs.
Sources: Labor Market Information Department, Texas Workforce Commission, Bureau of Labor Statistics, US Department of Labor.