UNEMPLOYMENT
G
auging by the unemployment rate, the labor markets of San Antonio and Corpus Christi
have been more robust than the state as a whole. The two metro areas’ unemployment had
dipped below the 5-percent threshold by mid-2014. An unemployment rate of 5 percent is
widely regarded by economists as the benchmark for full employment.
Laredo’s unemployment rate has also improved significantly after 2010. Brownsville and
McAllen, on the contrary, suffered double-digit unemployment rates until the beginning of 2014.
Unemployment Rate, Seasonally Adjusted
ECONOMIC TRENDS
15
6
10
5
Corpus Christi
0
2008
2009
Source: Federal Reserve Bank of Dallas
Annual Review of South Texas Economy
2010
Brownsville
2011
McAllen
Laredo
2012
San Antonio
2013
Texas
2014