San Antonio Economic Update April 23, 2015 via Dallas Fed

San Antonio economic indicators were mixed in March. Jobs contracted at a 0.9 percent annualized rate, though this was less than the 1.2 percent contraction for the state. The unemployment rate still fell to 3.7 percent due to a decline in the labor force. Housing market indicators were largely positive despite some slowing in housing starts as inventories remained low and existing-home sales rose.

Growth in the San Antonio Business-Cycle Index was flat at an annualized 7 percent over the six months through March. Strong job growth and a persistently falling unemployment rate over this time have pushed growth to a near 10-year high. While the San Antonio economy has maintained much of its momentum from the end of 2014, labor market tightness and slowing growth throughout the state are likely to moderate regional economic expansion over the next six months.

Read more...San Antonio Economic Update April 23, 2015 via Dallas Fed