The four major Metropolitan Statistical Areas (MSAs) of Texas are Austin, Dallas, Houston and San Antonio. The first three MSAs have done quite well in areas ranging from job growth, to unemployment, to housing starts and sales, to apartment rentals.
That’s not the case in the San Antonio MSA, though.
The Alamo City, its suburbs and neighboring New Braunfels (which make up the total MSA) have arguably been the weakest from an economic growth perspective. Job growth in 2013 was 1.4% (down from the 2.3% reported in 2012). According to the Bureau of Labor Statistics, the unemployment rate dropped only slightly year over year. In December 2012, the unemployment rate was 5.7%. One year later, preliminary statistics report unemployment at 5.3%.
Read more...San Antonio: Lagging, But for How Long?
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