Per capita income grew by 25% between 2010 and 2019 and exceeded the 2020 goal in 2019. When disaggregated by race, however, per capita income varies widely in San Antonio. The per capita income for White San Antonians is nearly double that of Hispanic San Antonians.
Employment in target industries surpassed the 2020 goal in 2014 and continued to rise, showing employment growth in target industries by 24.2% between 2010 and 2019. Healthcare & Biosciences make up the largest target industry with 121,074 jobs.
San Antonio saw a 24% growth in jobs in firms less than 2 years old between 2010 and 2017.
A marked decline in STEM employment in 2019 brought an end to rising employment in these fields, which reached 11% or higher over the previous 7 years. Healthcare practitioners make up the majority of the 78,640 jobs noted.
Prior to 2020, San Antonio saw the lowest unemployment rate in a decade at 3.1% in 2019, down from 7.0% in 2010. COVID-19 will increase this number for 2020.
Underemployment has fluctuated since 2010. In 2019, it came in below the original baseline number for the first time.
The poverty rate for San Antonio saw a marked decline in 2019 to 16.8% (plus or minus 1.3%), the lowest it has been since 2010. When disaggregated by race and age, however, the data show that 1 out of 10 White San Antonians live below poverty, while nearly 1 in 4 Black San Antonians and 1 in 5 Hispanic San Antonians do. Additionally, while approximately 1 in 9 adults live in poverty, 1 in 4 children do.
2020 Bexar County unemployment data from Workforce Solutions Alamo show that women of color are disproportionately impacted by COVID-19, filing for unemployment at higher rates. This data was shared with SA2020 and visualized in a responsive dashboard in July 2019.
New business applications in Texas grew in 2020 with a 60% increase over 2019, according to preliminary data from the US Census.
SA Works, a program of the San Antonio Economic Development Foundation, produces a quarterly jobs report to provide a snapshot of hiring activities, education and skill requirements, and wages associated with job postings in the San Antonio Metropolitan Statistical Area (MSA).
More of the Story
In the 2030 Community Vision, shifts in indicators, based on community feedback, will include:
Tracking recidivism rate here rather than community safety.
Tracking poverty rate here rather than family well-being.
Tracking underemployment here rather than family well-being.