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Although no one can predict the future, economists certainly try. Thankfully their methods are more reliable than the average crystal ball. Taking recent data and extending it’s effects over a given period of time, barring any financial or real estate catastrophes, these individuals are able to come up with a rough estimate for the economic future of a city.

According to Waco economist M. Ray Perryman, approximately 85,400 jobs in San Antonio will be created within the next five years. At this time there are 899,500 jobs in the city. Perryman’s report states that, based on economic projections, 984,900 San Antonio jobs should exist by 2012, which shows a compound annual growth rate of 1.83 percent. Currently San Antonio’s unemployment rate is below the national and state average, with only 3.6 percent of the city’s residents not working.

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The September unemployment statistics for San Antonio, Texas show that there was a small rise in the number of individuals who were unable to find work during the month. Figures rose from 4 percent to 4.1 percent, which is still lower than the state average of 4.4 percent or the national average of 4.5 percent. Despite a small rise in the jobless, these statistics actually show signs of a more positive economic future for San Antonio on the immediate horizon.

According to a report released by Alamo WorkSource, these and other figures showed that the area’s economy was beginning to stabilize. When the unemployment rate’s only small rise is looked at alongside the fact that 5,700 new San Antonio jobs were created in the month of September, one can see that the jobless rate increase was most likely a result of population growth.

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