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June 13, 2017 Comments Off on Jobs Increasing, Unemployment Dropping Views: 262 San Antonio, Texas News

Jobs Increasing, Unemployment Dropping

The San Antonio economy continued growing in April 2017, as jobs increased and the unemployment rate declined. The labor force grew at a 3% annualized rate (averaging 2.8% so far in 2017), while unemployment was at 3.9%, according to the Federal Reserve Bank of Dallas.

Interestingly enough, while goods-producing sectors, such as mining, continued adding jobs, the service industry lost jobs, with information and other services also reporting significant declines. Healthcare hiring remained at its strongest pace in years, adding close to 4,000 jobs since February 2017.

Good news for prospective homeowners was that home affordability picked up during Q1 2017. The percentage of homes sold that a median-income family could afford increased from 62% to 64.4%.

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