Friday, May 29, 2015

San Antonio Economic Update May 2015 via Dallas Fed

The San Antonio economy decelerated in April. Jobs contracted at a 0.5 percent annualized rate, in contrast with 1 percent growth in Texas overall. However, job growth so far this year remains substantially stronger than in the state. The San Antonio unemployment rate was flat in April. Housing indicators continue to suggest a healthy market for building activity. Over the past year, biotech and life sciences have been sources of strength in the San Antonio economy.

Growth in the San Antonio Business-Cycle Index decelerated slightly to an annualized 7.2 percent over the six months through April. While activity in recent months has been mixed, job growth over this period has averaged a robust 3 percent. At the same time, the unemployment rate has fallen 0.6 percentage points to its lowest level in over a decade.

Read more...San Antonio Economic Update May 2015 via Dallas Fed

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