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San Antonio posts mixed job picture for January
San Antonio Business Journal - March 8, 2007

San Antonio's job picture dropped 1.4 percent for the month of January, according to labor market information released Thursday by Alamo WorkSource.

However, for the entire year, total nonagricultural employment in the San Antonio metropolitan statistical area rose by 3.2 percent.

When comparing available job data between December and January, the San Antonio area lost 11,300 positions, according to the report. However, many of those jobs were seasonal.

When comparing January 2007 to January 2006, the city experienced an annual gain of 25,300 jobs. This demonstrates that, despite seasonal monthly losses, the San Antonio job market continues to grow, labor market officials say.

Unemployment in the San Antonio area rose to 4.4 percent in January, up from 3.8 percent in December 2006. The state and national unadjusted unemployment rates for January were higher at 4.7 percent and 5 percent, respectively.

"For the second consecutive year, San Antonio has posted annual January job growth above 3 percent," says Aaron Smith, Alamo WorkSource's labor market analyst. "Couple that rate of employment expansion with the low unemployment the region has been experiencing, and what we have is a job market that is providing area residents with extremely good career growth opportunities."
Building continues to grow in San Antonio and that's reflected in the number of construction-related jobs added in January at 300. The mining sector, which is related to the building industry because it supplies the aggregate materials used in new construction, added 100 jobs.

For its own part, the Information sector added 100 jobs during the month. The remaining industry sectors, however, suffered expected seasonal losses for the month. The Trade, Transportation, & Utilities sector lost the most jobs as companies, particularly retailers, trimmed 5,200 jobs from their payrolls after the holiday shopping season.

The Leisure & Hospitality sector cut 1,700 jobs following the close of the busy holiday season. Meanwhile, the government sector lost 1,400 jobs and the Education & Health Services sector reduced staffing by 1,800 jobs as area public and private schools closed for the holidays.

Alamo WorkSource provides workforce development services for 25,000 businesses and more than 1.5 million residents in San Antonio and 12 counties.

Web site: www.alamoworksource.org

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