(July 20, 2018) Workforce Solutions Alamo (WSA) released information today indicating that the unemployment rate in the eight county San Antonio-New Braunfels metropolitan statistical area (MSA) rose to 3.6 percent in June. Since this time last year, 15,500 jobs have been added, resulting in a 1.5 percent increase. Annual and monthly job growth continues in most major industries. The greatest job growth occurred in Construction which reported 1,100 jobs (2.0%) between May and June, while Other Services came in second with an addition of 900 jobs (2.3%), Trade, Transportation, and Utilities grew by 700 jobs (0.4%), Leisure and Hospitality with 700 jobs (0.5%), Financial Activities added 500 jobs (0.6%), Manufacturing added 400 jobs (0.8%), 300 additional jobs (1.5%) were reported by Information and Mining and Logging reports 100 more jobs (1.1%).
The largest losses were in Government at -2,800 jobs (-1.8%), but the industry reports an annual positive growth of 1,600 jobs (0.9%), Education and Health Services lost -2,200 jobs (-1.3%) and two reports an annual positive change of 4,100 jobs (2.5%), and Professional and Business Services lost -800 jobs (-0.6%) but maintains a positive overall annual number of 900 jobs (0.7%) since June 2017. Comparing the Workforce Solutions Alamo metro area to the state and nation, the Texas seasonally unadjusted (actual) unemployment rate increased to 4.2 percent in June, up from 3.7 reported in May. The nation’s unadjusted (actual) unemployment rate increased to 4.2 percent, up from 3.6 percent reported in May. Summarizing the seasonally adjusted unemployment rates for the state and the nation, Texas decreased to 4.0 percent in June, down from 4.1% reported in May, while nation’s unemployment rate increased to 4.0 percent in June, up from the 3.8 percent rate reported in May. The mission of Workforce Solutions Alamo involves working to strengthen the Alamo regional economy by growing and connecting talent pipelines to employers. Workforce Solutions Alamo reaches over 8,000 businesses and more than 2.0 million residents in the City of San Antonio and the counties of Atascosa, Bandera, Bexar, Comal, Frio, Guadalupe, Gillespie, Karnes, Kerr, Kendall, McMullen, Medina, and Wilson counties. For more information on available workforce programs and services, visit our website at www.workforcesolutionsalamo.org
