May 30, 2019
The Federal Reserve Bank of Dallas reported that the San Antonio Business-Cycle Index in April 2019 accelerated to an annual rate of 4%. The metric is above the 3% long-term average, and represents the Business-Cycle Index’s strongest pace since July 2016.
The Dallas Fed analysts note that a 2.9% unemployment rate, combined with a steady job-growth annualized rate of 1.7% (during the three-month period ending in April), contributed to the strong showing of the index. The index is a broad measure of regional economic activity.
San Antonio’s population slowed slightly in 2018, growing at a 1.8% rate, just shy of the long-term average of 2%, Meanwhile, housing affordability in Q1 2019 increased to 60.7%, up from 53.4% in Q4 2019.
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