texas msa at a glance - san antonio economic ......from 2014 to 2019, jobs increased by 11.4% in san...

M S A A T A G L A N C E

T E X A S

M A Y 2 0 2 0

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27

Contents

Report Parameters

Economy Overview

Historic & Projected Trends

Popula on Characteris cs

Industry Characteris cs

Business Characteris cs

Workforce Characteris cs

Educa onal Pipeline

In-Demand Skills

Economy Overview

Emsi Q1 2020 Data Set | www.economicmodeling.com

1 MSA

Class of Worker

QCEW Employees, Non-QCEW Employees, and Self-Employed

The informa on in this report pertains to the chosen geographical area.

Report Parameters

41700 San Antonio-New Braunfels, TX

Economy Overview

Emsi Q1 2020 Data Set | www.economicmodeling.com 1

Economy Overview

Takeaways

As of 2019 the region's popula on increased by 10.0% since 2014, growing by 233,192. Popula on is expected to increase by

6.6% between 2019 and 2024, adding 169,910.

From 2014 to 2019, jobs increased by 11.4% in San Antonio-New Braunfels, TX from 1,054,697 to 1,174,870. This change

outpaced the na onal growth rate of 7.3% by 4.1%. As the number of jobs increased, the labor force par cipa on rate

increased from 59.9% to 60.6% between 2014 and 2019.

Concerning educa onal a ainment, 17.4% of San Antonio-New Braunfels, TX residents possess a Bachelor's Degree (1.4%

below the na onal average), and 7.6% hold an Associate's Degree (0.5% below the na onal average).

The top three industries in 2019 are Restaurants and Other Ea ng Places, Educa on and Hospitals (Local Government), and

Federal Government, Military.

2,562,970 1,174,870 $58.2KPopula on (2019) Total Regional Employment Median Household Income (2018)

Popula on grew by 233,192 overthe last 5 years and is projected togrow by 169,910 over the next 5

years.

Jobs grew by 120,174 over thelast 5 years and are projected to

grow by 100,645 over the next 5years.

Median household income is$2.1K below the na onal median

household income of $60.3K.

Region 2,562,970 1,228,419 1,174,870 98.7 $130.66B $122.37B $141.22B

Alamo WDA 13 CountyRegion

2,679,483 1,282,767 1,226,705 101.1 $136.30B $128.46B $147.18B

WSA 13 Coun es 2,679,483 1,282,767 1,226,705 101.1 $136.30B $128.46B $147.18B

Na on 329,399,330 164,576,320 164,699,638 100.0 $20.78T $0 $8.91T

Popula on(2019)

LaborForce

(2019) Jobs (2019)

Costof

Living GRP Imports Exports

Economy Overview


2019 Labor Force Breakdown

Popula on

2,562,970

Educa onal A ainment

Concerning educa onal a ainment, 17.4% of San Antonio-New Braunfels, TX residents possess a Bachelor's Degree (1.4% below

the na onal average), and 7.6% hold an Associate's Degree (0.5% below the na onal average).

Popula on

A Total Working Age Popula on 2,027,770

A Not in Labor Force (15+) 799,351

A Labor Force 1,228,419

A Employed 1,192,704

A Unemployed 35,715

A Under 15 535,200

% of Popula on Popula on

A Less Than 9th Grade 8.5% 141,161

A 9th Grade to 12th Grade 7.9% 131,191

A High School Diploma 26.4% 441,277

A Some College 22.8% 380,584

A Associate's Degree 7.6% 126,975

A Bachelor's Degree 17.4% 290,048

A Graduate Degree and Higher 9.5% 157,839

Economy Overview


Historic & Projected Trends

Popula on Trends

As of 2019 the region's popula on increased by 10.0% since 2014, growing by 233,192. Popula on is expected to increase by

6.6% between 2019 and 2024, adding 169,910.

2014 2,329,778

2015 2,380,659

2016 2,428,352

2017 2,474,300

2018 2,518,059

2019 2,562,970

2020 2,603,094

2021 2,639,958

2022 2,673,761

2023 2,704,677

2024 2,732,880

Timeframe Popula on

Economy Overview


Job Trends

From 2014 to 2019, jobs increased by 11.4% in San Antonio-New Braunfels, TX from 1,054,697 to 1,174,870. This change

outpaced the na onal growth rate of 7.3% by 4.1%.

2014 1,054,697

2015 1,087,325

2016 1,122,249

2017 1,145,040

2018 1,165,429

2019 1,174,870

2020 1,202,823

2021 1,226,219

2022 1,246,298

2023 1,263,819

2024 1,275,515

Timeframe Jobs

Economy Overview


Labor Force Par cipa on Rate Trends

2014 59.64%

2015 59.16%

2016 59.78%

2017 59.93%

2018 59.76%

January - July 2019 59.35%

August 2019 59.44%

September 2019 59.93%

October 2019 60.58%

Timeframe Labor Force Par cipa on Rate

Economy Overview


Unemployment Rate Trends

San Antonio-New Braunfels, TX had an October 2019 unemployment rate of 2.91%, decreasing from 4.63% 5 years before.

2014 4.63%

2015 3.80%

2016 3.76%

2017 3.53%

2018 3.31%

January - July 2019 3.12%

August 2019 3.21%

September 2019 2.96%

October 2019 2.91%

Timeframe Unemployment Rate

Economy Overview


San Antonio-New Braunfels, TX

has 559,171 millennials (ages 25-

39). The na onal average for an

area this size is 517,680.

Re rement risk is low in San

Antonio-New Braunfels, TX. The

na onal average for an area this

size is 728,892 people 55 or older,

while there are 610,470 here.

Racial diversity is high in San

Antonio-New Braunfels, TX. The


size is 997,634 racially diverse

people, while there are 1,676,325

here.


has 198,041 veterans. The


size is 143,244.


has 5.24 violent crimes per 1,000

people. The na onal rate is 3.87

per 1,000 people.


has 37.63 property crimes per

1,000 people. The na onal rate is

22.98 per 1,000 people.

Popula on Characteris cs

559,171

Millennials

610,470

Re ring Soon

1.68M

Racial Diversity

198,041

Veterans

5.24/1,000

Violent Crime

37.63/1,000

Property Crime

Economy Overview


Where Talent Works Where Talent Lives

Place of Work vs Place of Residence

Understanding where talent in San Antonio-New Braunfels, TX currently works compared to where talent lives can help you

op mize site decisions. For example, the #1 ranked ZIP for employment ranks #9 for resident workers. The top ZIP for resident

workers is 78130.

78216 San Antonio, TX (in Bexar county)… 75,131




78130 New Braunfels, TX (in Comal county)… 40,430

ZIP Name2019

Employment

78130 New Braunfels, TX (in Comal county)… 38,773





ZIP Name2019

Workers

Economy Overview


Industry Characteris cs

Largest Industries

Industry Jobs Na onal Average

0 50,000 100,000 150,000 200,000

Government

Health Care and Social Assistance

Accommoda on and Food Services

Retail Trade

Administra ve and Support and Waste Management andRemedia on Services

Construc on

Finance and Insurance

Professional, Scien fic, and Technical Services

Other Services (except Public Administra on)

Manufacturing

Wholesale Trade

Transporta on and Warehousing

Educa onal Services

Real Estate and Rental and Leasing

Informa on

Arts, Entertainment, and Recrea on

Management of Companies and Enterprises

Mining, Quarrying, and Oil and Gas Extrac on

Agriculture, Forestry, Fishing and Hun ng

U li es

Economy Overview


Top Growing Industries

Industry Jobs Growth

0 5,000 10,000 15,000



Government

Construc on




Retail Trade


Manufacturing




Wholesale Trade



Educa onal Services

U li es

Economy Overview


Top Industry LQ

Industry LQ

0.00 1.00 2.00



Government


Construc on



Retail Trade



Informa on


Wholesale Trade




Educa onal Services

Manufacturing

U li es


Economy Overview


Top Industry GRP

2019 Gross Regional Product

$0.000 $5.000B $10.00B $15.00B $20.00B

Government



Retail Trade

Manufacturing



Construc on

Wholesale Trade

Informa on







Educa onal Services



U li es

Economy Overview


Top Industry Earnings

2019 Earnings Per Worker

$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000



U li es


Informa on


Wholesale Trade

Government

Manufacturing



Construc on


Educa onal Services



Retail Trade




Economy Overview


Government 198,934 211,587 12,653 +6% 1.21 $75,374 $21.77B

Health Care and SocialAssistance

128,681 148,568 19,887 +15% 0.99 $56,668 $10.11B

Accommoda on and FoodServices

107,210 121,808 14,598 +14% 1.21 $23,342 $4.49B

Retail Trade 110,329 117,563 7,234 +7% 1.01 $38,937 $7.35B

Administra ve and Support andWaste Management andRemedia on Services

69,892 78,399 8,507 +12% 1.07 $41,714 $4.47B

Construc on 64,178 75,786 11,608 +18% 1.14 $58,997 $6.60B

Finance and Insurance 64,392 70,476 6,084 +9% 1.50 $96,035 $15.84B

Professional, Scien fic, andTechnical Services

51,969 60,212 8,243 +16% 0.78 $80,278 $7.15B

Other Services (except PublicAdministra on)

50,444 54,264 3,820 +8% 0.98 $30,905 $2.37B

Manufacturing 46,956 51,510 4,554 +10% 0.55 $75,264 $7.24B

Wholesale Trade 32,229 34,988 2,759 +9% 0.82 $78,685 $6.38B

Transporta on and Warehousing 26,222 34,390 8,168 +31% 0.78 $62,180 $4.30B

Educa onal Services 21,311 22,940 1,629 +8% 0.76 $43,360 $1.21B

Real Estate and Rental andLeasing

19,365 21,693 2,328 +12% 1.09 $63,777 $4.62B

Informa on 21,826 20,627 -1,199 -5% 0.97 $83,835 $4.99B

Arts, Entertainment, andRecrea on

16,599 19,826 3,227 +19% 0.96 $36,260 $1.19B

Management of Companies andEnterprises

10,022 13,682 3,660 +37% 0.81 $132,581 $2.33B

Mining, Quarrying, and Oil andGas Extrac on

8,462 10,848 2,386 +28% 2.17 $130,382 $6.89B

Agriculture, Forestry, Fishing andHun ng

4,376 3,780 -596 -14% 0.28 $41,990 $596.15M

U li es 1,148 1,219 71 +6% 0.31 $101,004 $437.47M

Industry2014Jobs

2019Jobs Change in Jobs

%Changein Jobs

2019LQ

2019 EarningsPer Worker 2019 GRP

Economy Overview


Business Characteris cs

153,388 Companies Employ Your Workers

Online profiles for your workers men on 153,388 companies as employers, with the top 10 appearing below. In the last 12

months, 24,583 companies in San Antonio-New Braunfels, TX posted job pos ngs, with the top 10 appearing below.

United Services Automobile Associa on… 13,997

United States Department of the Air Force… 11,979

United States Department of the Army… 9,522

Heb Grocery Company, LP 5,944

City of San Antonio 5,324

Northside Isd 4,424

Wells Fargo & Company 4,260

University of Texas At San Antonio… 3,954

JPMorgan Chase & Co. 3,688

AT&T Inc. 3,340

Top Companies Profiles

United Services Automobile Associa on… 11,799

Christus Health 3,232

Oracle Corpora on 3,045

HCA Holdings, Inc. 2,983

CRST Interna onal, Inc. 2,978

Wells Fargo & Company 2,406

Northshore University Healthsystem… 2,284

Tenet Healthcare Corpora on 2,093

UnitedHealth Group Incorporated… 2,065

Heb Grocery Company, LP 1,905

Top Companies Pos ng Unique Pos ngs

Economy Overview


Business Size

*Business Data by DatabaseUSA.com is third-party data provided by Emsi to its customers as a convenience, and Emsi does not endorse or warrant its

accuracy or consistency with other published Emsi data. In most cases, the Business Count will not match total companies with profiles on the summary

tab.

Percentage Business Count

A 1 to 4 employees 32.3% 22,930

A 5 to 9 employees 28.2% 20,038

A 10 to 19 employees 22.2% 15,733

A 20 to 49 employees 13.2% 9,360

A 50 to 99 employees 2.7% 1,887

A 100 to 249 employees 1.1% 807

A 250 to 499 employees 0.2% 162

A 500+ employees 0.1% 94

Economy Overview


Workforce Characteris cs

Largest Occupa ons

Occupa on Jobs Na onal Average

0 50,000 100,000 150,000

Office and Administra ve Support

Sales and Related

Food Prepara on and Serving Related

Transporta on and Material Moving

Healthcare Prac oners and Technical

Educa on, Training, and Library

Construc on and Extrac on

Business and Financial Opera ons

Management

Personal Care and Service

Installa on, Maintenance, and Repair

Produc on

Building and Grounds Cleaning and Maintenance

Healthcare Support

Computer and Mathema cal

Protec ve Service

Military-only

Arts, Design, Entertainment, Sports, and Media

Architecture and Engineering

Community and Social Service

Legal

Life, Physical, and Social Science

Farming, Fishing, and Forestry

Economy Overview


Top Growing Occupa ons

Occupa on Jobs Growth

0 2,000 4,000 6,000 8,000 10,000 12,000






Sales and Related



Management




Produc on

Healthcare Support

Protec ve Service




Military-only


Legal



Economy Overview


Top Occupa on LQ

Occupa on LQ

0.00 1.00 2.00

Military-only



Healthcare Support



Sales and Related

Protec ve Service











Legal

Management


Produc on


Economy Overview


Top Occupa on Earnings

2018 Median Hourly Earnings

$0.00 $10.00 $20.00 $30.00 $40.00

Management





Legal






Protec ve Service



Military-only

Produc on


Sales and Related

Healthcare Support





Economy Overview


Top Posted Occupa ons

Unique Average Monthly Pos ngs

0 2,000 4,000 6,000 8,000


Sales and Related



Management







Healthcare Support


Produc on





Protec ve Service


Legal


Military-only

Economy Overview


Underemployment

Jobs Requiring Ed. Level Popula on at Ed. Level

0% 10% 20% 30% 40%

No Formal Educa on Required

High School Diploma or Equivalent

Some College, Non-Degree Award

Associate's Degree

Bachelor's Degree

Graduate Degree and Higher

Economy Overview


Office andAdministra ve Support

173,565 184,269 10,704 +6% 1.10 $16.37 7,806

Sales and Related 115,315 124,608 9,293 +8% 1.07 $13.58 7,908

Food Prepara on andServing Related

101,589 115,192 13,603 +13% 1.18 $10.19 3,563

Transporta on andMaterial Moving

60,115 71,918 11,803 +20% 0.89 $15.26 6,250

Healthcare Prac onersand Technical

58,621 66,322 7,701 +13% 1.02 $30.42 8,991

Educa on, Training, andLibrary

62,463 66,008 3,545 +6% 1.00 $25.38 1,653

Construc on andExtrac on

53,783 62,734 8,951 +17% 1.14 $17.91 1,276

Business and FinancialOpera ons

50,967 60,382 9,415 +18% 0.97 $32.85 4,872

Management 47,147 54,237 7,090 +15% 0.81 $44.31 6,979

Personal Care andService

44,308 53,683 9,375 +21% 1.03 $10.02 1,815

Installa on,Maintenance, and Repair

43,410 49,199 5,789 +13% 1.07 $20.21 3,142

Produc on 43,792 47,145 3,353 +8% 0.69 $15.46 1,552

Building and GroundsCleaning andMaintenance

40,113 40,980 867 +2% 0.96 $11.93 1,424

Healthcare Support 31,757 34,820 3,063 +10% 1.11 $13.46 1,725

Computer andMathema cal

24,310 28,528 4,218 +17% 0.83 $38.09 7,347

Protec ve Service 24,360 27,136 2,776 +11% 1.04 $19.40 862

Military-only 17,372 18,745 1,373 +8% 2.79 $15.56 18

Arts, Design,Entertainment, Sports,and Media

16,081 18,253 2,172 +14% 0.86 $20.73 992

Occupa on2014Jobs


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

Apr 2019 - Mar2020 Unique

Average MonthlyPos ngs

Economy Overview


Architecture andEngineering

14,940 16,835 1,895 +13% 0.85 $36.44 1,947

Community andSocial Service

14,170 16,311 2,141 +15% 0.82 $22.55 933

Legal 7,202 7,936 734 +10% 0.82 $32.47 460

Life, Physical, andSocial Science

6,356 6,572 216 +3% 0.69 $32.65 537

Farming, Fishing,and Forestry

2,962 3,056 94 +3% 0.35 $11.53 33

Occupa on2014Jobs


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

Apr 2019 - Mar 2020Unique Average Monthly

Pos ngs

Economy Overview


Educa onal Pipeline

In 2018, there were 31,668 graduates in San Antonio-New Braunfels, TX. This pipeline has grown by 26% over the last 5 years.

The highest share of these graduates come from Liberal Arts and Sciences/Liberal Studies, Medical/Clinical Assistant, and

Registered Nursing/Registered Nurse.

Cer ficate Associate's Bachelor's Master's or Higher

The University of Texas at San Antonio 6,470

San Antonio College 5,212

University of the Incarnate Word 2,554

Northwest Vista College 2,297

St Philip's College 2,185

Palo Alto College 1,737

Texas A&M University-San Antonio 1,447

The University of Texas Health Science Centerat San Antonio

1,337

St. Mary's University 910

Our Lady of the Lake University 867

SchoolTotal Graduates

(2018)Graduate Trend (2014 -

2018)

Economy Overview


In-Demand Skills

Top Hard Skills Na onal Average

0 10,000 20,000 30,000

Nursing

Audi ng

Accoun ng

Merchandising

Selling Techniques

Restaurant Opera on

Cardiopulmonary Resuscita on (CPR)

Basic Life Support

Warehousing

Customer Sa sfac on

Economy Overview


texas msa at a glance - san antonio economic ......from 2014 to 2019, jobs increased by 11.4% in san...

Documents