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

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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. 

Phillips explained that San Antonio’s mining sector growth never exceeded state job growth in general for the 2010 to 2014 period so he does not expect that San Antonio will be hit as hard by a projected slowdown in energy drilling.

San Antonio’s diverse economy will serve to keep the area on a more even keel.

Click to read: San Antonio’s 2015 job growth projected to exceed state’s (San Antonio Express-News, 1-13-15)

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