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Economic updates for San Antonio

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San Antonio is in the perfect sweet spot.

We have the San Antonio Spurs in the NBA playoffs plus we can enjoy the remainder of Fiesta Week filled with all the fun events of parades and parties.

On the economic front, we have a lot to celebrate as well.

Unemployment numbers for San Antonio for March fell from 5.5% to 5.2% (U.S. Labor Dept report). And according to a recent report from SABER Research Institute, forecasting the job growth for San Antonio at 2.5 to 3% for the year of 2014. The employment sectors that remain strong are construction and hospitality and professional services.

San Antonio has a healthy job market, compared to the unemployment rate for the U.S. at 6.7 percent for March 2014 which remained unchanged (according to the figures released by the U.S. Labor Dept).

The outlook for San Antonio is good and we should remain better than the national average.

The job market is one important indicator for our area and other key indicators include the housing market and real estate values.

For a full San Antonio economic report, look for "San Antonio Economic Outlook: 2014" as presented by Steve Nivin, Ph.D dated March 28, 2014. To learn more about San Antonio statistics and economic data see the following website:

www.sanantonio.gov/edd

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