Economic activity in San Antonio gained strength in August. Job growth increased at a rapid annual rate of 8.6 percent, the fastest single month of growth in nearly a decade. While the unemployment rate ticked up to 5 percent from 4.9 percent in July, other indicators such as help-wanted advertising continue to point toward increasing labor demand in San Antonio. Housing strengthened despite a drop in housing starts, and construction employment and new residential permits continued to rise rapidly.
Read more...San Antonio Economic Update September 2014 via Dallas Fed
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