San Antonio saw solid economic growth in the first two months of 2014, with most industries reporting moderate to strong gains in employment. Unemployment fell to 5.3 percent in January but climbed to 5.5 percent in February, though it remains below the 5.7 percent state average. Housing was strong as new construction, permits and home listings rose and home sales remained steady.
The San Antonio Business-Cycle Index accelerated in recent months, picking up from a mild slowing through October 2013. Strong recent job growth and a general fall in the unemployment rate have propelled the gains in the index.
Read more...San Antonio Economic Update March 2014 via Dallas Fed
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