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Latest San Antonio Economic News

By August 12, 2010

A lot of gloom and doom has surrounded the financial reporting going on in this country lately. But as usual, San Antonio (and all of Texas) have fared better than the rest. But just how much better?

For July, the national jobless rate was 9.5%, for a net loss of 131,000 jobs. Texas, on the other hand, added 71,000 new jobs overall across the state. For San Antonio, the unemployment rate was fairly stagnant, coming in at 7.7% of the population.That 1.8% is fairly significant.

Another good sign is that personal income in San Antonio grew in 2009, by many accounts the hardest year of the economic recession. In fact, so hard was 2009 on many areas that San Antonio was one of only THREE metro areas who can boast an increase in personal income and net earnings for the year. The other two were Washington, D.C. and Virginia Beach, Virginia.

How do you feel about San Antonio continuing to buck the national trends?


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