San Antonio’s economy expanded at a solid pace in March, with its business-cycle index rising 4 percent. Job growth was weak during the month edging up only 0.3 percent (or by 200 jobs). Service sector employment posted weak performance, a result of job declines in the metro’s leisure and hospitality sector. Job gains in construction and mining remained positive. The trade, transportation and utilities sector created 100 new positions likely because of spring break and Easter holiday shopping, according to anecdotal reports. In a boost to the metro’s energy sector, the Department of Defense awarded a $184.5 million contract to Refinery Associates of Texas Inc., located in New Braunfels, to supply naval distillate fuel.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
