San Antonio’s unemployment rate stood at 4.2% in July, an increase of 0.3% from the 3.9% it stood at in June, with the total civilian labor force now standing at 1.291 million people.As I reported last month, the civilian labor shortage shrank in the month of July, going from 1.285 million in May to 1.284 million in June. The Texas Workforce Commission listed a slightly larger figure, 1.287 million, in June, while the the U.S. Bureau of Labor Statistics reported the aforementioned 1.284 million. In addition to those differences, TWC’s most recent release said that San Antonio’s June unemployment number was 3.8% while BLS says it was 3.9%.The San Antonio-New Braunfels area had 1.157 million total non-farm jobs in July, according to BLS. But while the civilian labor force grew by 4,000 people, the number of people employed shrank.In June, the number of people employed in the San Antonio-New Braunfels area was slightly under 1.238 million people. That number shrank in July to 1.236 million people. The total number of people unemployed in the area in July was roughly 54,900. In June it was 49,400 people. Last July, that figure was about 47,600.Overall, the unemployment rate stands in contrast to San Antonio’s all-time high of 13% in April 2020 at the height of the Covid-19 pandemic. San Antonio’s unemployment in July 2022 stood at 3.8%, according to TWC. BLS said that July 2022’s unemployment rate in the San Antonio-New Braunfels was 3.6%. BLS has not released its July 2023 unemployment rate for the San Antonio-New Braunfels area. When I spoke with Workforce Solutions Alamo CEO Adrian Lopez in July, he told me that rising unemployment was not a concern, as his group was seeing job growth across all 11 sectors they track and, at the time, unemployment for the San Antonio-New Braunfels area was under 4%. Now, unemployment in the area exceeds that figure.Looking more broadly across the state, the unemployment rate for Texas in July was 4.5%, compared to a national rate of 3.8%. That represents a rise from the June’s 4.2% unemployment rate and July 2022’s rate of 4.0%.The total number of people employed in the Lone Star State for the month of July was roughly 14,469,900 people. That number stands in contrast to June’s 14,418,800 figure and last July’s 14,088,300. The total civilian labor force for Texas currently stands at about 15,180,400 people.Across the state, the industries of manufacturing and leisure and hospitality saw the largest monthly growth rates at 0.7% each. Manufacturing now employs 963,700 people, or 6,600 more than it did in June. Leisure and Hospitality now employs 1.46 million Texans, compared to 1.45 million last month.Meanwhile, the industries of information and mining and logging saw the largest decreases. Information shed 1.2% of its jobs, or 3,000 positions to stand at 240,700. Mining and logging now employs 220,600 or 1,300 less than it did a month ago.Locally the financial activities industry saw the largest monthly gain in the San Antonio-New Braunfels area, according to preliminary BLS data. That industry grew by about 800 positions. It was also the only industry in the area that experienced job growth.The mining and logging industry held flat month-over-month, as did the information industry.The remainder of industries tracked by BLS saw declines, with the largest losses occurring in the government sector. That industry shrank by an estimated 5,900 jobs. Professional and business services also saw significant decreases, shrinking by approximately 2,700 positions.“Following a net increase of 26,300 jobs in July, all but 400 of those jobs were in the private sector, illustrating that the Lone Star State continues to be the most attractive state for business,” said TWC Commissioner Representing Employers Aaron Demerson in a statement. “It is important to continue encouraging that job growth by utilizing our programs at TWC that help Texas employers grow their business, like the Skills Development Fund and the Skills for Small Business grant program.”RankPrior RankChamber name11The San Antonio Chamber of Commerce22Greater New Braunfels Chamber of Commerce Inc.33The Greater Boerne Area Chamber of Commerce View this list
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