The Federal Reserve Bank of Dallas recently reported that while San Antonio’s metro unemployment rate ticked down, jobs contracted. The metro’s unemployment rate fell in January to 6.3 percent, compared with state and national unemployment rates also declining in January to 6.8 and 6.3 percent, respectively.
Job growth by industry was mixed in recent months. The Texas Workforce Commission recently released the annual benchmark revision to job growth from April 2019 to September 2020. This resulted in a revision to the Dallas Fed estimate of 2020 job growth from -6.4 percent to -4.3 percent for San Antonio. Employment decreased across all sectors in 2020, with the most significant declines occurring in mining, and leisure and hospitality.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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