San Antonio May Unemployment Numbers Send a Mixed Message

The San Antonio jobless rate fell to a seasonally adjusted 6.7 percent last month from 6.9 percent in May, the Federal Reserve Bank of Dallas reported Friday. It matches the lowest rate in three years.
Unfortunately, the Fed shows the area lost 1,900 nonfarm jobs in June.  The area registered a net gain of 10,600 jobs in the first six months of the year, a 1.2 percent increase from the end of 2011.

 

Texas, meanwhile, added 12,900 jobs last month but its unemployment rate worsened. The rate ticked up to 7 percent from 6.9 percent in May, the Texas Workforce Commission reported.

 

Source: San Antonio Express News - Patrick Danner