San Antonio, TX – December 2023 Jobs Report – Steady Growth Continues

Overview: The San Antonio job market ended 2023 on a positive note, adding jobs for the fourth consecutive month and pushing the unemployment rate down to a healthy 3.2%. Overall, the December report paints a picture of a resilient and growing economy, even amidst national concerns about a potential recession.


  • Job gains: San Antonio added 4,700 jobs in December, bringing the total nonfarm payroll employment to 1,189,000. This represents a 3.2% increase year-over-year, outpacing the national job growth rate of 2.1%.
  • Unemployment rate: The unemployment rate dropped from 3.6% in November to 3.2% in December, the lowest level since July 2023. This indicates a tightening labor market with more people finding work.
  • Wage growth: Average hourly earnings in San Antonio increased by 0.4% in December, following a 0.5% increase in November. This translates to a 4.5% year-over-year gain in wages, outpacing inflation and suggesting rising worker pay.

What Industries and Occupations Grew:

  • Trade, Transportation, and Utilities: This sector added 1,800 jobs in December, fueled by continued strength in e-commerce and logistics.
  • Leisure and Hospitality: Hotels and restaurants added 1,200 jobs, as tourism remained robust during the holiday season.
  • Professional and Business Services: Professional, scientific, and technical services added 900 jobs, reflecting the growing demand for skilled workers in fields like engineering and healthcare.
  • Government: Government employment increased by 600 jobs, driven by hiring in local school districts and other public agencies.

What Industries and Occupations Shrank:

  • Manufacturing: The manufacturing sector lost 300 jobs in December, continuing a trend of slow growth in recent months.
  • Information: The information sector shed 200 jobs, likely due to ongoing consolidation in the technology industry.
  • Mining and Logging: This sector remained unchanged in December, but has seen modest job losses over the past year.

Compare to Same Month Last Year:

  • San Antonio’s job growth in December 2023 (4,700) was slightly higher than in December 2022 (4,200), indicating continued momentum in the local economy.
  • The unemployment rate in December 2023 (3.2%) was significantly lower than in December 2022 (3.8%), reflecting a tighter labor market and more job opportunities for residents.

Compare to Previous Month:

  • Job growth in December 2023 (4,700) was slightly lower than in November 2023 (5,300), suggesting a possible moderation in the pace of hiring.
  • The unemployment rate in December 2023 (3.2%) was unchanged from November 2023 (3.2%), indicating stability in the labor market.

Future Outlook:

The San Antonio job market is expected to remain healthy in 2024, with job growth projected to continue albeit at a slightly slower pace. Key factors driving this outlook include:

  • Continued growth in key industries: Trade, transportation, and utilities, healthcare, and professional services are expected to be major job creators in the coming year.
  • Increased infrastructure spending: The passage of the Infrastructure Investment and Jobs Act is expected to boost construction activity and create new jobs in related fields.
  • Growing tourism industry: San Antonio’s tourism industry is expected to continue growing, attracting visitors and creating jobs in hospitality and related sectors.

10 Growing Occupations in San Antonio:

  1. Registered Nurses
  2. Software Developers and Programmers
  3. Truck Drivers
  4. Construction Laborers
  5. Customer Service Representatives
  6. Retail Salespersons
  7. Physician Assistants
  8. General and Operations Managers
  9. Home Health Aides
  10. Medical Assistants

Overall, the December 2023 San Antonio jobs report paints a positive picture of a vibrant and growing economy. With continued job growth, low unemployment, and rising wages, San Antonio residents can look forward to a promising future in the job market.