|Workforce Solutions Alamo Releases January 2023 Jobs Reports
Unemployment Rate in San Antonio-New Braunfels MSA Increased to 3.9 Percent
49,200 Jobs Added Since January 2022
San Antonio, Texas – Workforce Solutions Alamo (WSA) released January 2023 unemployment data for the Alamo Region including Atascosa, Bandera, Bexar, Comal, Frio, Gillespie, Guadalupe, Karnes, Kendall, Kerr, McMullen, Medina, and Wilson counties.
Workforce Solutions Alamo reports the January unemployment rate for the eight-county San Antonio-New Braunfels metropolitan statistical area (MSA) is 3.9 percent, higher than the 3.2 rate in December after adjustments from the Bureau of Labor Statistics. Since January of 2022, the MSA unemployment rate decreased 0.4 percentage points from a rate of 4.3 percent. The January unemployment rate for the San Antonio-New Braunfels metropolitan statistical area (MSA) is lower than the state’s not seasonally adjusted (actual) rate of 4.2 percent.
Summarizing the not seasonally adjusted (actual) unemployment rates for the state and the nation, the Texas not seasonally adjusted unemployment rate increased by seven tenths of a point from 3.5 percent in December to 4.2 in January, the first increase in seven months. The January 2023 rate was 8.1 points below the peak value of 12.3 percent recorded in April 2020. Since January 2022, the unemployment rate dropped 0.5 points from 4.7 percent.
The U.S. not seasonally adjusted unemployment rate increased six tenths of a point to 3.9 percent in January from 3.3 percent in December. Since January 2022 the U.S. not seasonally adjusted unemployment rate dropped 0.5 points from a reading of 4.4 percent, dropping year-over-year each of the last 22 months.
Since January of 2022, 49,200 jobs were added in the MSA, resulting in an annual increase of 4.5 percent. Two of eleven major industries showed monthly gains, two remained steady: Leisure and Hospitality, Construction showed gains while Mining and Logging and Professional and Business Services remained steady. Monthly job loss occurred in seven major industries: Trade Transportation and Utilities, Government, Private Education and Health Services, Financial Activities, Manufacturing, Other Services indicated monthly job losses, however, all reached a positive annual growth rate. The table below shows the job gains and losses for the San Antonio New Braunfels MSA.