Unemployment Falling in San Antonio and Surrounding Areas

The Eagle Ford is contributing to a welcomed drop in unemployment across South Texas and we don’t expect that to let up any time soon. The jobless rate in the San Antonio metropolitan area dropped from 8 to just 7.5% between September and October.  That compares favorably to a national rate of 9% in October.  The oil and gas industry has helped shield the Texas economy from the jobless rate extremes other parts of the nation have experienced.

If you’re looking for a career change, we have 100s of jobs listed at our Eagle Ford Jobs page.

San Antonio area employers added 1,400 non-agricultural jobs to their payrolls over the month and 8,100 jobs over the past 12 months. Officials with Workforce Solutions Alamo are attributing the reduction in unemployment, in large part, to job growth in the oil and gas industry.

Oil and gas industry jobs grew 17.7 percent over the past year in the Alamo region, the largest job growth rate for this industry since 2001. About 100 jobs were added between September and October and 600 jobs were added since this time last year.

Read the entire article at bizjournals.com

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Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.

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