San Antonio Economic Update November 2014 via Dallas Fed

The San Antonio economy continued to grow robustly in October. Payroll employment expanded at a 4.4 percent annualized rate, while the unemployment rate fell to 4.6 percent. Housing indicators remained mixed as new housing starts fell but construction employment, help-wanted advertising and home sales rose in October. Growth in stock prices for San Antonio companies was broad-based, rebounding after weakness in early October.

The San Antonio Business-Cycle Index continued to grow at a fast pace, increasing an annualized 6.6 percent over the six months through October. So far this year, the index has grown at a 6.5 percent annualized rate, the fastest since 2005. Recent strength in job growth and a falling unemployment rate have propelled growth in the index.

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