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Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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Construction spending at seven-year high; worker shortage limits gains

craneConstruction spending hit $1.1 trillion in September, its highest level since March 2008.

That’s according to an analysis by Associated General Contractors of America, which pointed out the number would have been even higher if it weren’t for a shortage of construction workers.

There were only 479,000 unemployed construction workers in September, the smallest total for that month in 15 years, Simonson noted. …Read Entire Post

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Alorica to expand San Antonio workforce; plans to create 160 new jobs

JobsAlorica Inc., a global company based in Irvine, California, that provides customer management and outsourcing solutions, plans to create 160 new jobs for one of its newer San Antonio facilities. Those hires will further boost an Alamo City workforce of about 2,500 personnel.

The plan is to try and fill the bulk of the 160 new positions before the end of the year. …Read Entire Post

San Antonio leads Texas in construction job growth

big bite excavatorPent-up demand and uncertainty in the Eagle Ford Shale have pushed San Antonio to the top of the stack in terms of statewide construction employment growth.

According to a report from the Associated General Contractors of America, San Antonio posted the largest increase in construction employment in the year between August of 2014 and 2015 throughout the state of Texas. The mere fact that the city …Read Entire Post

San Antonio’s unemployment fell to 3.7 percent in March

texasUnemployment in the San Antonio-New Braunfels metropolitan area dropped to 3.7 percent during the month of March, according to labor market data figures released by the Texas Workforce Commission.

This is down from San Antonio’s 3.8 percent unemployment rate in February and down from 4.9 percent during March 2014.

Statewide, Texas’ unemployment rate fell to 4.2 percent in March — its lowest level since July 2007. This is down from 4.3 percent in February and down from 5.4 percent in March 2014. …Read Entire Post

SAEDF: San Antonio area saw impressive job growth in 2014

JobsAccording to the San Antonio Economic Development Foundation, 4,750 new jobs were announced in San Antonio and Bexar County in 2014. The foundation said that number is 750 more than expectations that were set at the start of last year.

During 2014, 28 companies located to or expanded in San Antonio. SAEDF said 1,522 of the jobs were connected to San Antonio’s Business, Retention and Expansion efforts.

Nearly 60 percent of the new jobs in 2014 were business services, including shared-services operations, manufacturing and distribution, making up 2,830 of the jobs.  …Read Entire Post

San Antonio projected to see 3% job growth in 2015

San Antonio aerial_CBDDropping oil prices may result in slower growth in the coming year, but San Antonio’s area job growth outlook remains positive.  Keith Phillips, senior economist and research officer for the Federal Reserve Bank of Dallas, projects 3 percent job growth, or roughly 28,000 net new jobs, for 2015.

That is not quite as strong as the 38,000 net new jobs (4.2% growth rate) for 2014 expected to be confirmed later this month when the December report is released.  …Read Entire Post

2015 Texas job growth forecast still healthy despite oil price shock, says Dallas Fed

DallasFed_2015Outlook_Pg1Federal Reserve Bank of Dallas senior economist and research officer Keith Phillips recently reported that Texas job growth is expected to moderate but remain healthy in 2015 even as lower oil prices slow growth.

Phillips presented the Bank’s annual Texas Economic Outlook before local business leaders at the Dallas Fed’s San Antonio Branch.

Texas job growth will likely slow from about 3.6 percent in 2014 to between 2 and 2.5 percent in 2015, Phillips said. That equates to about 235,000 to 295,000 new jobs in Texas in 2015, down from an estimated 408,000 jobs created in 2014. …Read Entire Post

Walmart bringing more jobs, more savings to San Antonio market

Walmart recently celebrated the grand opening of two new Walmart stores – including a Walmart Supercenter at 12639 Blanco Road on San Antonio’s North Central Side and the new Neighborhood Market at 9526 Military Drive West on the city’s far West Side.

Combined, the two stores will create approximately 400 new jobs in the city — a mix of part-time and full-time positions.

At roughly 165,000 square feet, the Blanco Road Supercenter …Read Entire Post

Recent job announcements bode well for strong 2014

The San Antonio Express-News recently reported that Keith Phillips, senior economic policy adviser for the Federal Reserve Bank of Dallas, expects the San Antonio metro area to add about 22,400 jobs this year which will expand the job base by 2.5 percent.

Recent announcements support that optimistic forecast.  JPMorgan Chase, for example, recently announced plans to hire 250 full-time workers this year in San Antonio.  Similarly, locally-based SWBC plans to fill more than 150 positions and Home Depot reported plans to hire 750 associates to support their 18 San Antonio store locations.  …Read Entire Post

Recent job announcements bode well for strong 2014

The San Antonio Express-News recently reported that Keith Phillips, senior economic policy adviser for the Federal Reserve Bank of Dallas, expects the San Antonio metro area to add about 22,400 jobs this year which will expand the job base by 2.5 percent.

Recent announcements support that optimistic forecast.  JPMorgan Chase, for example, recently announced plans to hire 250 full-time workers this year in San Antonio.  Similarly, locally-based SWBC plans to fill more than 150 positions and Home Depot reported plans to hire 750 associates to support their 18 San Antonio …Read Entire Post