Unemployment Falling in San Antonio and Surrounding Areas
The Eagle Ford is contributing to a welcomed drop in unemployment across South Texas and we don't expect that to let up any time soon. The jobless rate in the San Antonio metropolitan area dropped from 8 to just 7.5% between September and October. That compares favorably to a national rate of 9% in October. The oil and gas industry has helped shield the Texas economy from the jobless rate extremes other parts of the nation have experienced. If you're looking for a career change, we have 100s of jobs listed at our Eagle Ford Jobs page.
San Antonio area employers added 1,400 non-agricultural jobs to their payrolls over the month and 8,100 jobs over the past 12 months. Officials with Workforce Solutions Alamo are attributing the reduction in unemployment, in large part, to job growth in the oil and gas industry.
Oil and gas industry jobs grew 17.7 percent over the past year in the Alamo region, the largest job growth rate for this industry since 2001. About 100 jobs were added between September and October and 600 jobs were added since this time last year.
Read the entire article at bizjournals.com