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San Antonio area unemployment hits 6 percent in September

by admin on October 23, 2012

The unemployment rate in the San Antonio-New Braunfels metropolitan area dropped to 6 percent in September, down from 6.7 percent in August.

Employers in the metro area gained 2,500 non-farm jobs over the past month and 23,700 over the past 12 months, according to the latest labor market report by Workforce Solutions Alamo.

“This is the lowest our unemployment rate has been in three years and five months to be exact,” says Patrick W. Newman, executive director of Workforce Solutions Alamo. “We have the largest labor force ever, the highest number of people employed and a sliding unemployment rate. Jobs are growing and rebounding from losses occurred. It’s hard to say anything negative about our situation.”

The government sector added the most jobs over the month with 5,800 jobs and 1,100 jobs over the past 12 months.

Professional and Business Services gained 2,300 jobs over the month and 4,300 jobs over the past 12 months. Manufacturing gained 300 jobs over the month and 800 jobs over the past 12 months. Financial Activities added 600 more jobs over the month and 200 jobs over the past year.

Mining and Logging reported no over-the-month changes, but still added 300 jobs over the past year.

However, the job picture wasn’t completely rosy.

Education and Health Services lost 3,200 jobs over the month, but gained 2,300 jobs over the past year. Construction lost 600 jobs over the month, but gained 1,800 jobs over the year. Leisure and Hospitality lost 1,800 jobs, but gained 11,900 jobs over the year. Trade, Transportation and Utilities also lost 600 jobs over the month, but gained 800 jobs over the year.

The Information industry lost 100 jobs over the month and lost 300 jobs over the year.

Meanwhile, the Texas unadjusted (actual) unemployment rate decreased to 6.3 percent in September, down from 7.0 percent reported in August. The nation’s unadjusted (actual) unemployment also decreased to 7.6 percent in September, down from 8.2 percent reported in August.

Workforce Solutions Alamo provides employment services on behalf of 40,000 businesses and more than 2 million residents.

Link to Article.

Photo Source: SABJ 10.19.2012

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