Dallas Fed: San Antonio Jobs Keep Growing

The Federal Reserve Bank of Dallas’ San Antonio Business-Cycle Index continued expanding in November 2018, growing at a 5.2% annualized rate. San Antonio jobs grew by 2.8% (annualized), unemployment remained low at 3.8%, and all of it prompted Dallas Fed analysts to forecast that “San Antonio will take 2017’s strong pace of growth into 2018.”

Interestingly enough, job growth was mixed across the industries. Over the three months through November, information, manufacturing and financial activities experienced declines. However, the leisure and hospitality category posted the largest increase, adding 5,400 jobs. Accommodation and hospitality services growth remained strong following Hurricane Harvey. Construction and mining also grew at a rapid pace.

San Antonio’s median home price was $213,524 in October 2017, near its all-time high of $215,180 reported a year earlier.

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