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Workforce Solutions Alamo (WSA) is a source for economic, workforce data and analysis to help you make informed decisions. You will find Economic information to support your business development. Have the opportunity to research economic indicators such as job growth, unemployment statistics, salary and wage information.
August 2022 Employment Data:
Workforce Solutions Alamo releases monthly data from the Texas Workforce Commission (TWC.) Our data team then analyzes the data to provide monthly reports by County and City.
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Workforce Solutions Alamo Releases August 2022 Jobs Reports
UNEMPLOYMENT RATE IN SAN ANTONIO-NEW BRAUNFELS MSA DECREASED TO 3.8 PERCENT
(September 16, 2022) San Antonio, Texas – Workforce Solutions Alamo (WSA) reports that the August unemployment rate for the eight-county San Antonio-New Braunfels metropolitan statistical area (MSA) is 3.8 percent, a drop of 0.2 percentage points from 4.0 percent in July. Since August of 2021, the MSA unemployment rate dropped 1.2 percentage points from a rate of 5.0 percent. The August unemployment rate for the San Antonio-New Braunfels metropolitan statistical area (MSA) is lower than the state’s not seasonally adjusted (actual) rate of 4.2 percent.
Summarizing the not-seasonally adjusted (actual) unemployment rates for the state and the nation, the Texas not seasonally adjusted August unemployment rate decreased 0.1 points over the month to 4.2 from 4.3 in July. Since August 2021, the unemployment rate dropped 1.3 points from a reading of 5.5 percent. The U.S. not seasonally adjusted (actual), unemployment rate was 3.8 percent for the third consecutive month in August. Since August 2021 the unemployment rate dropped 1.5 points from a reading of 5.3 percent, dropping annually in each of the last 17 months.
Summarizing the seasonally adjusted unemployment rates for the state and the nation, the Texas unemployment rate increased one-tenth of a point over the month to 4.1 percent in August from 4.0 percent in July. The monthly increase is the first since April 2020. However, the unemployment rate fell by 1.3 percentage points over the year from a reading of 5.4 percent. The U.S. rate increased two-tenths of a point to 3.7 in August from 3.5 in July. In six of the last eight months the rate has decreased or remained steady. Annually, the U.S. unemployment rate decreased 1.5 percentage points from an August 2021 level of 5.2 percent.
Since August of 2021, 46,700 jobs were added in the MSA, resulting in an annual increase of 4.4 percent. Four of eleven major industries showed monthly gains: Financial Activities, Education and Health Services, Professional and Business Services, and Trade Transportation and Utilities, two industries held steady: Mining and Logging and the information industry.
Monthly job loss occurred in five industries: Government, Leisure and Hospitality, Construction, Other Services, and Manufacturing. During the month of August most of the major industries reached a positive annual growth rate.