Economic Snapshot

November 10, 2020

Newsletter Issue 73

San Antonio continues to balance growth and recovery through the COVID-19 pandemic. While the number of small businesses able to open increased, the unemployment rate rose slightly.

November Indicators

+.4% Job Growth

+.4%: Jobs grew an annualized .4% from Jun. – Sept. 2020 (970 net jobs) Other services saw the strongest gains (1 ,1 00 jobs), followed by construction (1 ,650 jobs) and health and education services (3,280 jobs).

8.1% Unemployment Rate

8.1%: Unemployment Rate increased for the first time since April to 8.1 percent in Sept., below the Texas rate of 8.3 percent and above the U.S. rate of 7.9 percent. (September 2020)

1,035,000 Nonfarm Employment

1,035,000: Nonfarm Employment decreased 4.27 from Sept. 2019 to Sept. 2020, due in large part to Covid-19. (Sept. 2020, seasonally adjusted)

90.1% Cost of Living

90.1%: Cost of Living, 9. percentage points below the national average (Q3 2020) 

$249,821 Median Home Price

$249,821: Median Home Price, an increase of rom September 2019 – September 2020.

+4.8% SA-Based Stock Growth

+4.8%: S.A.-based company stock grew led by financial, food service, and manufacturing industry gains. The S&P 500 expanded 3.7 percent during the same period. (Sept. 22 – Oct. 22, 2020) 

Sources: Dallas FED, C2ER, Bureau of Labor Statistics. All data reflect most recent available.

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