FOR IMMEDIATE RELEASE
Media Contact: Lydia Elder
Workforce Solutions Alamo Releases August 2017 Job Market Information
(September 15, 2017) Workforce Solutions Alamo (WSA) released information today indicating that the unemployment rate in the eight county San Antonio-New Braunfels metropolitan statistical area (MSA) holds steady at 3.7 percent in August. Total non-agricultural employment in the San Antonio-New Braunfels MSA rose to 1,041,600, showing a 0.6 percent increase in the number of jobs added since this time last year (numbers have been adjusted to account for seasonal changes).
“Private-sector employment in our area continues to show positive growth and economic strength,” said Workforce Solutions Alamo Chief Executive Officer, George Hempe. “WSA is committed to implementing a workforce development system that is actively engaged and focused on leveraging resources to maximize impact.”
Jobs in Professional and Business Services saw an increase of 2,800 jobs (2.1% increase) and Education and Health Services saw an increase of 1,200 jobs (0.7% increase). In contrast, the number of jobs in Other Services fell by 800 (-2.1%) in August, while Information jobs saw a decrease of 300 (-1.5%) jobs.
Comparing the Workforce Solutions Alamo metro area to the state and nation, the Texas unadjusted (actual) unemployment rate rose to 4.5 percent in August, compared to 4.3 percent in July. The nation’s unadjusted (actual) unemployment rate dropped slightly to 4.5 percent from 4.6 percent in July. Comparatively, the state and nation released seasonally adjusted unemployment rates with Texas holding steady 4.7 percent in July, while the nation’s unemployment rate dropped to 4.5 percent from 4.6 percent in July.
The mission of Workforce Solutions Alamo involves working to strengthen the Alamo regional economy by growing and connecting talent pipelines to employers. Workforce Solutions Alamo reaches over 8,000 businesses and more than 2.0 million residents in the City of San Antonio and the counties of Atascosa, Bandera, Bexar, Comal, Frio, Guadalupe, Gillespie, Karnes, Kerr, Kendall, McMullen, Medina and Wilson counties. For more information on available workforce programs and services, visit our website at www.workforcesolutionsalamo.org.
Note: Only the actual/unadjusted series unemployment rate estimates for Texas and the U.S. are comparable to sub-state unemployment rates, taking into account seasonal changes. Adjusted rates are calculated by smoothing out the changes in unemployment due to the typical seasonal hiring’s and layoffs. Rates reported are estimates and changes in previously reported rates can occur with BLS readjustments.