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2015-01-08

Jobless rate drops to 4.3 percent in SA area

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Workforce Solutions Alamo released information last week 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 7,100 jobs (0.8 percent) to 944,900. The jobless rate dropped to 4.3 percent in November, down from 4.5 percent recorded in October.
The Bandera County unemployment rate decreased to 4.1 percent in November, down from 4.2 percent reported in October.
Bandera County's unemployment rate registered slightly lower than the overall jobless rate of 4.2 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 November amongst the counties at 2.9 percent while Atascosa and Medina County registered the highest rates at 4.4 percent.
"The Alamo region has an estimated 1.02 million people employed in our region," said Gail L. Hathaway, Executive Director-- Workforce Solutions Alamo. "This is the largest number of employed people ever recorded in our region. Jobs are plentiful, jobseekers are not."
There were 1,900 jobs (1.8 percent) gained in Retail Trade between October and November. Trade, Transportation, and Utilities as a whole industry reports 6,500 more jobs (4.1 percent) over the year.
Government added 1,400 jobs (0.9 percent) between October and November, and reports a positive annual gain of 700 jobs (0.4 percent). Tepid weather contributed to construction growth which reports 1,000 more jobs (2.2 percent) since October and a whopping 4,200 jobs (10.0 percent) since the same time last year.
Education and Health Services added 900 jobs (0.6 percent) and holds a strong addition of 3,700 jobs (2.6 percent) over the year.
Other industries added jobs this time frame include Leisure and Hospitality with 500 jobs (0.4 percent), Manufacturing with 300 jobs (0.7 percent), Information with 200 jobs (0.9 percent), and Other Services with 200 jobs (0.6 percent).
Only two industries report job losses at this time with Professional and Business Services reporting -300 jobs (-0.3 percent), and Mining and Logging reporting -100 jobs (-1.5 percent) yet both show positive annual growth at 4,800 jobs (4.3 percent) and 500 jobs (8.3 percent) respectively.
Comparing the Workforce Solutions Alamo metro area to the state and nation, the Texas unadjusted (actual) unemployment rate decreased to 4.6 percent in November, down from 4.8 percent in October.
The nation's unadjusted (actual) unemployment rate also held steady at 5.5 percent in November, the same reported in October.
Comparatively, the state and nation release seasonally adjusted unemployment rates with Texas decreasing to 4.9 percent in November, and the nation's unemployment rate holding steady at 5.8 percent.