Although a net 200 jobs were lost in August in San Antonio, the overall unemployment rate fell from July's 7.1% to 7.0% in August.
Seasonal hiring is believed to be the biggest reason for the overall drop. Of course seasonal hiring is only temporary, but with many retailers hoping for a merrier Christmas season this year, there should be more seasonal hires in the coming months. Combine that with Toyota's decision to shift all of it's Spokane, WA Tundra building to the plant here in San Antonio, and there seems to be some bright spots on the horizon economically.
Overall, unemployment over the last year, which includes the period where the economy was the most unstable, sits at 8.8% for the region. The national unemployment rate stands at 9.6% for August, a drop of .1% over July.
Comments