REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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S.A. could see 3.2% job growth in 2011

Over the past two decades, San Antonio has averaged an annual job growth rate of 2.2%, but Keith Phillips, senior economist for the Federal Reserve, predicts that San Antonio’s job growth will produce an above-average net gain of between 2.8 and 3.2% in 2011, which could mean approximately 23,000 to 27,000 new jobs.

Economists anticipate that the pace of San Antonio’s job growth will surpass that of the entire state of Texas but residential and commercial real estate are not expected to stimulate the economy in 2011; instead, a variety of industries are expected to support job gains including military, insurance companies, call center operations and drilling activity related to the Eagle Ford Shale.

For more information, read S.A.’s job growth to accelerate (MySA.com, 1-11-11); Job growth for ’11 seen as above average (MySA.com, 1-13-11).

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