San Antonio Quick Facts
San Antonio is the seventh-most populated city in the United States and the second-most populous city in the state of Texas. It was the fastest growing of the top 10 largest cities in the United States from 2000 to 2010, and the second from 1990 to 2000. The city straddles South Texas and Central Texas and is on the southwestern corner of an urban mega region known as the Texas Triangle.
San Antonio is a well-known tourist city in Texas as well as ranked as the 21st most popular tourist destination in the United States, containing five 18th-century Spanish frontier missions, which have been designated as UNESCO World Heritage Sites. According to the San Antonio visitors bureau, the city is visited by more than 32 million people per year - nearly twice as many as the Great Wall of China.
San Antonio Economy
San Antonio MSA’s economy continued to grow at healthy pace in 2016. Job growth remained strong; employers created 21,500 positions in 2016, expanding headcounts 2.2% from the end of 2015. The local economy accelerated notably in the final quarter of 2016, giving some momentum for continued strong growth in 2017. Employment grew at a 3.0% annualized rate in fourth quarter of 2016. The growth was broad based across super sectors: only construction, mining, and other services saw net declines. Leisure and hospitality jobs rose at the fastest pace, led by a resurgence in food services employment. Ambulatory health care services, which includes physician’s offices and outpatient services, grew 10.2% in the fourth quarter of 2016, leading the health and private education category. Manufacturing, particularly nondurable goods production, continued to rebound. Government, professional services and financial activities jobs grew steadily. In 2016, San Antonio MSA’s employment expanded at a moderate pace across nearly all major sectors. The San Antonio MSA’s unemployment rate dropped 10 basis points from the end of 2015, ending with a 3.7% rate in December 2016. The Texas state unemployment rate held steady at 4.6%, while the U.S rate rose slightly to 4.7%.