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Metro San Antonio’s Unemployment Rate Continues To Rise

Metro San Antonio’s unemployment rate continues to rise. From the 5.3 percent in May, the unemployment rate rose to 6.6 percent in June. To translate, of the 962,000 individuals who are part of San Antonio’s labor workforce, 59,000 do not have jobs.

Source: darrowwealthmanagement.com

The latest percentage was released by Workforce Solutions Alamo. They gathered the data from the San Antonio-New Braunfels metropolitan area. The data came from different counties — Atascosa, Bandera, Bexar, Comal, Frio, Gillespie, Guadalupe, Karnes, Kendall, Kerr, McMullen Medina, and Wilson.

Of all the counties, Bexar County’s unemployment rate was the third-highest in all of Texas. It was 5.5 percent in May, and it is now at 6.2 percent.

New Braunfels, on the other hand, had the lowest unemployment rate, which is 5.1 percent. Accordingly, more people can find jobs in the area because companies in larger cities have focused on shifting their business strategies towards remote work.

Source: houstonchronicle.com

The increase in the joblessness of Texans in San Antonio is related to the financial strains brought about by the COVID-19 pandemic. Back in May, Governor Greg Abbott said that he would push for more federal unemployment compensation related to the pandemic.