It’s difficult to be optimistic about the bleak job market when unemployment is stuck at around 9.1 percent, but a survey just released by employment services firm ManpowerGroup offers hope for job seekers in many places around the country. …
While the outlook is positive overall, the one-point drop from the third quarter is the first decrease in nine quarters. “The numbers are not going in the right direction this quarter, and they are not as robust as we would have liked them to be,” says Melanie Holmes, a vice president at ManpowerGroup. “Employers are hesitant about hiring in this economic climate. They are remaining guarded, and that is reflected in these results.”
Still, “We do see some bright spots in hiring, especially in San Antonio, which has the most promising hiring outlook for the fourth quarter,” says Jonas Prising, president of the Americas at ManpowerGroup. “Employers in other markets in Texas, including El Paso and Austin, are also anticipating strong hiring increases.”
The San Antonio metro area enjoys a 17 percent net employment outlook, the percentage of employers that expect to add employees (25 percent) minus the percentage that expect to reduce their workforce (8 percent). Another 64 percent said they anticipate no change, and 3 percent didn’t know.
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“San Antonio has continued to see new jobs created, and new jobs brought to the region,” says Richard Perez, president and chief executive of the Greater San Antonio Chamber of Commerce. “I would say that San Antonio is well positioned to come out ahead in the future as well because our cost of living remains low, making it a good environment for companies to increase their investment in jobs here, plus we have a very talented labor pool because we graduate more than 30,000 from our colleges and universities each year.”
The industry with the largest economic impact and largest number of employees in San Antonio is health care and biosciences, with more than 142,000 employees, Perez says. “This surprises a lot of people who think we are only a tourism town. One of every five workers is in the health care sector, and it has an estimated $24 billion economic impact here. We also have large manufacturing and financial services sectors. And yes, we have a significant tourism industry in San Antonio, with approximately 106,000 employees.”