OK, enough with metaphors.
Wages for San Antonio workers have grown year-to-date by 5.2 percent, reaching an average of $24.12 an hour, according to the Federal Reserve Bank of Dallas. That's compared to growth rates of 1.7 percent across Texas and 3 percent nationally.
Still, workers statewide and nationally are making more per hour than we are in San Antonio – an average of $26.04 an hour in Texas and $27.16 across the country.
Why is pay increasing so quickly in the Alamo City? Largely because employers are having a hard time finding workers to fill open positions. San Antonio's jobless rate was a mere 3.3 percent in September, according to the Dallas Fed.
"The San Antonio unemployment rate is significantly below the state rate and has held at or below 4 percent since 2015," said Christopher Slijk, an assistant economist at the Dallas Fed. "Given such a tight job market over a prolonged period, we would expect to see wages pick up as businesses try to attract more workers."
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