San Antonio: Low Unemployment, Positive Job Growth
The San Antonio economy expanded at what the Federal Reserve Bank of Dallas dubbed “a healthy pace” in March 2019. The metro’s business-cycle index increased by an annualized rate of 3.9% in March, above the long-term average of 3%, while the unemployment rate of 3.1% was the lowest reading in 19 years.
Job growth expanded at an annualized rate of 2.9% in Q1 2019, with construction leading all sectors at an annual rate of 10.8%. Leisure and hospitality increased by 8.5%, while areas of weakness focused on manufacturing, and health and education services.
The median sales price for homes was $299,131 in March, representing a slight decline from the previous month. Home inventories remained at 3.6 months, well below the six months considered to be a balanced market.
Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.
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