The national unemployment rate has dipped below 9%. It now stands at 8.8%. See Workplace Prof report. This decrease represents a trend of continued, slight improvement over several months. There still remains many long-term unemployed workers. Unemployment benefit claims have dropped. So, we are experiencing slight improvement for a few months, now.
The national unemployment rate has increased from 9.5% to 9.6%. See report. 54,000 government jobs were lost during the month of August. That loss is probably due to the loss of census jobs. But, there was an increase of 67,000 private sector jobs. In Texas, the unemployment rate rose slightly from 8.2% to 8.3%. See report. But, in San Antonio, unemployment actually went down from 7.7% to 7.6%.
People with disabilities have a much higher rate of unemployment. See Wall Street Journal report. The unemployment rate last year was 14% for persons with disabilities. As of July, 2010, the rate has risen to 16.4%.
The national unemployment rate has reduced from 9.9% to 9.7% for May. See report. But, it appears that many of these new jobs are temporary jobs. The San Antonio rate has improved slightly from 7.3% in April to 7.1% in May. See TWC report. Overall, Texas added 43,600 jobs in May.
Not sure how this happened, but I erred when I reported that San Antonio unemployment was 6.4% for March. It was actually 7.3% which is still a drop from the previous 7.7% in February.
The national economy added 162,000 jobs in March, but the unemployment rate stayed the same at 9.7%. That is the largest job gain in three years. No small achievement for this battered financial picture. See report. Meanwhile Texas unemployment for February stayed the same at 8.2%. San Antonio unemployment improved to 6.4% from the 7.7. See TWC report.
The national unemployment rate remains steady at 9.7% this month. The state unemployment rate remains steady at 8.2%, still lower than the national rate. The San Antonio area unemployment rate did increase from 6.9% to 7.7%. A year ago this month, the San Antonio rate was 6.4%.
The good news is San Antonio is doing better than the rest of the country. Unfortunately, much of Texas is still hurting from the recession. See Texas Workforce Commission's recent report. Unemployment in San Antonio decreased in December from 7.0% to 6.8. But, unemployment in Texas went up from 8% to 8.3. Nationally, the unemployment rate was 10.0% in December. So, Texas is doing better than the country and San Antonio is still doing better than the rest of Texas.
For the first time in months, the national unemployment rate has dropped. Down to a "mere" 10%........
But, as the Workplace Prof mentions, that does not mean it will continue to decrease. In fact, it might well increase before it decreases. Since, once things start looking better, folks who had given up will re-enter the workforce and start looking for work. When they re-enter the workforce, they will be counted as unemployed looking for work.
The good news for San Antonio is that our economy continues to perform well. San Antonio ranks second in the country for employment opportunities in the next economic quarter. In October, we had an unemployment rate of only 7%. I know people are still hurting, because that is who calls me. But, we are doing much better than other parts of the country.
Unemployment is now over 10%. First time since the early 1980’s. There are indications that the economy is improving. But, still, some employers will take this opportunity to get rid of some folks. Beware persons with disabilities, and others. Many employers view this as an opportunity to get rid of some employees viewed as less than desirable.
Unemployment rate is up to 9.5%. The average work week is now down to 33 hours per week, the lowest since 1964. This is not good nationally. Fortunately, we are in Texas and are somewhat insulated from the bleak picture.
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