San Antonio Photo

April 1, 2019 Comments Off on Unemployment Rate Declines, Job Growth Accelerates Views: 314 San Antonio, Texas News

Unemployment Rate Declines, Job Growth Accelerates

The San Antonio economy expanded at a stable rate in February 2019, according to data issued by the Federal Reserve Bank of Dallas. The report noted that the unemployment rate fell to 3.4% in the month, below the state and national rates of 3.8%. In the meantime, job growth clocked in at an annualized rate of 2.1% during the three months ending in February.

During that three-month period, construction led all sectors at an annualized rate of 15%, followed by leisure and hospitality, mining, government and information industries. Areas of decline included manufacturing, and the trade, transportation and utilities sector.

Single-family home construction permits declined sharply in January 2019. The three-month average for the San Antonio series dropped to its lowest level since September 2016, the Dallas Fed noted.

Read More at Dallas Fed

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: , , ,

Comments are closed.