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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