San Antonio's 2015 job growth projected to exceed state’sSan Antonio's 2015 job growth projected to exceed state’shttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=19612015-01-15T07:32:00Z2015-01-15T00:00:00Z

SAN ANTONIO - Despite the economy being thrust into uncertainty due to the ongoing plunge in oil prices, the San Antonio area’s job growth prospects for this year still look relatively good.

Keith Phillips, Fed senior economist and research officer, projected 3 percent job growth, or 28,000 net new jobs, for this year.

That is less than the 38,000 net new jobs, or 4.2 percent, San Antonio is projected to record for 2014 when the December report comes out later this month.

The reason San Antonio will not be hit as hard by a projected slowdown in energy drilling is that the city never received a significant boost in employment between 2010 and 2014 because of the Eagle Ford Shale activities, Phillips said.

San Antonio’s mining sector growth never exceeded state job growth in general for the 2010 to 2014 period, he explained.

Even now, it only accounts for about 4 percent of the area workforce. Logistics, such as truck and pipeline shipments, also is not a large employment sector in the San Antonio area.

tag: San Antonio employment data

San Antonio Express-News
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