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San Antonio Unemployment Rises Despite Addition of 2,500 Jobs

By December 22, 2008

The good news: San Antonio added 2,500 brand new jobs in November.

The bad: unemployment still rose by 5.4%, up from 5.1% the previous month. When you compare the November 2007 rate of 3.9%, you will see just how many jobs have been lost in the last year.

The stats were released by the Texas Workforce Commission last week.

The bulk of the 2,500 jobs added were in retail due to the holidays. There is no way to know how many of those employees will be able to stay on past the holidays, particularly in this economy so that job increase is very temporary and could be dramatically different once the numbers are in post-holidays.

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