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Local Jobless Rate Plunges

Local Jobless Rate Plunges

  The eight county metro San Antonio unemployment rate continues to plummet, despite the size of the total work force reaching a record high 1,064,000 people, News Radio 1200 WOAI reports.

  The November unemployment rate fell to 4.3% which, when you figure in people who are looking for work or those who are on pregnancy or medical leave, is essentially full employment.

  The metro area is putting people to work faster than they can make it here and fill out an application.  The size of the total work force expanded by 14,000 over the past year, while the number of people employed jumped by a very robust 26,000.

  All sectors are seeing gains with the exception of trade, transportation, and utilities.  Construction, Manufacturing, Professional and Business Services, and, of course, jobs related to the oil and gas industry, all saw robust gains in November.

  Jobs are plentiful," said Gail Hathaway, Director of Workforce Solutions Alamo.  "Job seekers are not."





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