Positive Growth on the Employment Horizon
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Two events in the past three months quite possibly could have brought San Antonio to its knees, but the diversified economy this city has developed over the last ten years allowed the San Antonio metropolitan area to rise to the occasion.
First, on June 30, telecommunications giant AT&T announced it would move its headquarters from the Alamo City to Dallas, taking 630 high-paying jobs with it. And less than two weeks later, Toyota Motor Manufacturing Corp. said it would shut down its Tundra assembly line, opened just 1 ½ years ago, for 90 days. To its credit and the city’s benefit, Toyota said it would keep its 2,000 employees on the payroll.
While no one is crying, at least not outwardly, officials here feel the city is resilient enough to rebound from this one-two punch. And credit goes to San Antonio leader’s savvy in transforming the city from a two-horse town into a team of horses, a city with diversity and resiliency. Once thought of as Military- city USA with an added measure of tourism thrown into the mix, where a preponderance of its citizens were employed in one of those two sectors, today’s economy, and employment, are steeped in other industries, namely healthcare/biotechnology, the aforementioned tourism, high-tech, and manufacturing. And call centers and data centers, employing thousands, dot the San Antonio business landscape as well.
“No one likes bad news, but we have to deal with change in the marketplace,” said Mario Hernandez, president of the private San Antonio Economic Development Foundation, which works hand-in-hand with the city’s Economic Development Department to bring new industry to the city. “The two announcements (AT&T and Toyota) reversed a trend of extremely good fortune of the past five years, but we didn’t get there overnight.”
And while Toyota’s workers are furloughed till November, Workforce Solutions Alamo, an organization dedicated to “building a premier workforce in America by providing employers and residents with the opportunities, resources and services to develop and gain a competitive edge in the global economy,” released information in mid- August indicating that “the San Antonio job market performed largely as anticipated in response to seasonal changes at summer’s beginning.” Non-agricultural employment in the San Antonio MSA decreased, as expected, by 6,400 jobs (-0.7 percent) to 848,200 during the month, while the unemployment rate edged slightly higher to 4.8 percent, from 4.6 percent in June. San Antonio’s annual job growth, however, held steady at 2.2 percent (17,900 jobs created) during the month. Reductions in the Government, Education and Health Services sectors’ payrolls accounted for the bulk of the seasonal drops, as area schools trimmed staffing levels during the summer months, while others made more moderate payroll adjustments.”
“The job market [in San Antonio] performed as expected when you look at the changes to the job market at this same time in previous years,” said Chakib Chehadi, Workforce Solutions Alamo’s executive director. While employment loss was primarily caused by Government and Education and Health Services,” said Chehadi, “annual job growth in these sectors remained constant.”
And Texas economist, M. Ray Perryman confirms that “approximately 85,400 jobs will be created in the San Antonio area in the next five years.” He goes on to say that 984,900 jobs should exist by 2012, while the population is expected to increase from 1.9 million to 2.2 million over the same period.
So which industries should you expect are hiring. Companies within our leading economic generator industry, Healthcare/Biosciences are. And those in Tourism, Aerospace, Finance, and Information Technology will continue to have a profound affect on employment growth on the economy here.
And lest we forget, medical personnel from all branches of the military will be making a duty call on Ft. Sam Houston in the next two years, necessitating a major building program at that Army base, while the city should hear something soon with respect to a Department of Homeland Security initiative to build a research center to study animal and plant disease threats at the Texas Research Park, one of five finalists nationwide. The contract carries with it an annual budget of $100 million and a workforce of 300 scientists and staff.
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First, on June 30, telecommunications giant AT&T announced it would move its headquarters from the Alamo City to Dallas, taking 630 high-paying jobs with it. And less than two weeks later, Toyota Motor Manufacturing Corp. said it would shut down its Tundra assembly line, opened just 1 ½ years ago, for 90 days. To its credit and the city’s benefit, Toyota said it would keep its 2,000 employees on the payroll.
While no one is crying, at least not outwardly, officials here feel the city is resilient enough to rebound from this one-two punch. And credit goes to San Antonio leader’s savvy in transforming the city from a two-horse town into a team of horses, a city with diversity and resiliency. Once thought of as Military- city USA with an added measure of tourism thrown into the mix, where a preponderance of its citizens were employed in one of those two sectors, today’s economy, and employment, are steeped in other industries, namely healthcare/biotechnology, the aforementioned tourism, high-tech, and manufacturing. And call centers and data centers, employing thousands, dot the San Antonio business landscape as well.
“No one likes bad news, but we have to deal with change in the marketplace,” said Mario Hernandez, president of the private San Antonio Economic Development Foundation, which works hand-in-hand with the city’s Economic Development Department to bring new industry to the city. “The two announcements (AT&T and Toyota) reversed a trend of extremely good fortune of the past five years, but we didn’t get there overnight.”
And while Toyota’s workers are furloughed till November, Workforce Solutions Alamo, an organization dedicated to “building a premier workforce in America by providing employers and residents with the opportunities, resources and services to develop and gain a competitive edge in the global economy,” released information in mid- August indicating that “the San Antonio job market performed largely as anticipated in response to seasonal changes at summer’s beginning.” Non-agricultural employment in the San Antonio MSA decreased, as expected, by 6,400 jobs (-0.7 percent) to 848,200 during the month, while the unemployment rate edged slightly higher to 4.8 percent, from 4.6 percent in June. San Antonio’s annual job growth, however, held steady at 2.2 percent (17,900 jobs created) during the month. Reductions in the Government, Education and Health Services sectors’ payrolls accounted for the bulk of the seasonal drops, as area schools trimmed staffing levels during the summer months, while others made more moderate payroll adjustments.”
“The job market [in San Antonio] performed as expected when you look at the changes to the job market at this same time in previous years,” said Chakib Chehadi, Workforce Solutions Alamo’s executive director. While employment loss was primarily caused by Government and Education and Health Services,” said Chehadi, “annual job growth in these sectors remained constant.”
And Texas economist, M. Ray Perryman confirms that “approximately 85,400 jobs will be created in the San Antonio area in the next five years.” He goes on to say that 984,900 jobs should exist by 2012, while the population is expected to increase from 1.9 million to 2.2 million over the same period.
So which industries should you expect are hiring. Companies within our leading economic generator industry, Healthcare/Biosciences are. And those in Tourism, Aerospace, Finance, and Information Technology will continue to have a profound affect on employment growth on the economy here.
And lest we forget, medical personnel from all branches of the military will be making a duty call on Ft. Sam Houston in the next two years, necessitating a major building program at that Army base, while the city should hear something soon with respect to a Department of Homeland Security initiative to build a research center to study animal and plant disease threats at the Texas Research Park, one of five finalists nationwide. The contract carries with it an annual budget of $100 million and a workforce of 300 scientists and staff.
If you would like the complete story, please click here to sign up for your free subscription.
