ne third of the way into 2015, local economic development experts say the metro job creation picture remains strong, indicating that metro San Antonio has not yet begun to feel the impact of lower global oil prices on its employment picture, News Radio 1200 WOAI reports. "The oilfield firms continue to maintain their employment in this area at this time," said Mario Hernandez, President and CEO of the San Antonio Economic Development Foundation. "Of course how long that holds depends on how long the trend continues for decreased drilling. It's all about the price of oil." Figures released by the Texas Workforce Commission show the eight county metro San Antonio unemployment rate in March was 3.7%, which is the lowest since 2007 and one of the lowest of any major city in the country, indicating the diversity of the local work force is strong enough to overcome cuts in the oil and gas sector.
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