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Austin Chamber of Commerce
12•07 State of the Economy
• Workforce •
As presented to the
Keller Williams Agent Leadership Council
Labor Force & EmploymentAustin MSA
832,641
848,049
794,089
815,738
700,000
725,000
750,000
775,000
800,000
825,000
850,000
2003 J
an
2003 M
ar
2003 M
ay
2003 J
ul
2003 S
ep
2003 N
ov
2004 J
an
2004 M
ar
2004 M
ay
2004 J
ul
2004 S
ep
2004 N
ov
2005 J
an
2005 M
ar
2005 M
ay
2005 J
ul
2005 S
ep
2005 N
ov
2006 J
an
2006 M
ar
2006 M
ay
2006 J
ul
2006 S
ep
2006 N
ov
2007 J
an
2007 M
ar
2007 M
ay
Labor Force
Employment
Source: Texas Workforce Commission, LAUS.
Added in the last 12 months:15,408 to labor force (1.9%)21,649 to employed (2.7%)
UnemploymentAustin MSA
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2004
J an
2004
Mar
2004
May
2004
J ul
2004
Sep
2004
Nov
2005
J an
2005
Mar
2005
May
2005
J ul
2005
Sep
2005
Nov
2006
J an
2006
Mar
2006
May
2006
J ul
2006
Sep
2006
Nov
2007
J an
2007
Mar
2007
May
Source: Texas Workforce Commission, LAUS.
The total unemployed in June is lower than the level one year ago by over 6,200 persons.
Unemployment Rates
4.6%
3.8%
4.6%
5.5%
4.7%4.8%
3.0%
3.2%
3.4%
3.6%
3.8%
4.0%
4.2%
4.4%
4.6%
4.8%
5.0%
5.2%
5.4%
5.6%
2006May
2006J un
2006J ul
2006Aug
2006Sep
2006Oct
2006Nov
2006Dec
2007J an
2007Feb
2007Mar
2007Apr
2007May
2007J un
Austin MSATexasUnited States
Source: Texas Workforce Commission, LAUS.
Lowest Unemployment RatesTop 50 Metro Areas
Unemployment Rate (%)Difference Rank
Jun. ‘06 Jun. ‘07
Phoenix MSA 3.7 3.0 -0.7 1
Bethesda MDiv 3.2 3.2 0.0 2
Washington MDiv 3.4 3.3 -0.1 3
Virginia Beach MSA 3.4 3.4 0.0 4
Miami MDiv 3.9 3.4 -0.5 5
Fort Lauderdale MDiv 3.3 3.4 0.1 6
Orlando MSA 3.3 3.6 0.3 7
Nashville MSA 4.7 3.7 -1.0 8
Nassau MDiv 3.8 3.7 -0.1 9
Jacksonville MSA 3.7 3.8 0.1 10
Austin MSA 4.6 3.8 -0.8 11
Source: U.S. Bureau of Labor Statistics, LAUS.
Employment Growth Rates
2.7%
3.1%
0.3% 0.3%
1.4%
2.3%
1.9%
1.2%
0.8%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
2005-2006 J un '06-J un '07 May ‘07-J un ‘07
Austin MSATexasUnited States
Source: Texas Workforce Commission, LAUS.
Fastest Growing AmongTop 50 Metro Areas
Employment
Jun. ‘07
Growth Jun. ‘06-Jun. ‘07
RankDifference % Ch.
Las Vegas MSA 912,900 30,200 3.4 1
Riverside MSA 1,732,700 55,400 3.3 2
Nashville MSA 768,800 24,200 3.3 3
Jacksonville MSA 645,100 18,100 2.9 4
Miami MDiv 1,142,700 31,900 2.9 5
Atlanta MSA 2,607,700 72,000 2.8 6
Phoenix MSA 1,995,300 53,600 2.8 7
Charlotte MSA 808,800 21,700 2.8 8
Austin MSA 815,700 21,700 2.7 9
Orlando MSA 1,051,500 27,200 2.7 10
Source: U.S. Bureau of Labor Statistics, LAUS.
*Austin is the 42nd largest metro based on total employment.
Employees on Nonfarm Payrolls Austin MSA747,200
718,200
693,400
640,000
650,000
660,000
670,000
680,000
690,000
700,000
710,000
720,000
730,000
740,000
750,000
2000 J
an
2000 A
pr
2000 J
ul
2000 O
ct
2001 J
an
2001 A
pr
2001 J
ul
2001 O
ct
2002 J
an
2002 A
pr
2002 J
ul
2002 O
ct
2003 J
an
2003 A
pr
2003 J
ul
2003 O
ct
2004 J
an
2004 A
pr
2004 J
ul
2004 O
ct
2005 J
an
2005 A
pr
2005 J
ul
2005 O
ct
2006 J
an
2006 A
pr
2006 J
ul
2006 O
ct
2007 J
an
2007 A
pr
Source: Texas Workforce Commission, CES.
June 2007:29,000 jobs added
in the last 12 monthsAustin up 4.0% Texas up 2.1%
US up 1.4%
Employees on Nonfarm Payrolls Growth Rates
4.0% 4.0%
-0.1%
3.2%
2.1%
0.0%
0.4%
1.4%
1.8%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
2005-2006 J un '06-J un '07 May '07-J un '07
Austin MSATexasUnited States
Source: Texas Workforce Commission, CES.
Fastest Growing AmongTop 50 Metro Areas
Non-farm payroll jobs
Jun. ‘07
Growth Jun. ‘06-Jun. ‘07
RankDifference % Ch.
Salt Lake City MSA 643,600 28,000 4.5 1
Austin MSA 747,200 29,000 4.0 2
Riverside MSA 1,321,900 44,900 3.5 3
Phoenix MSA 1,936,300 61,600 3.3 4
Houston MSA 2,525,600 76,500 3.1 5
Dallas MDiv 2,092,200 61,400 3.0 6
Seattle MDiv 1,468,600 40,200 2.8 7
Charlotte MSA 844,000 22,600 2.8 8
Fort Worth MDiv 862,300 22,400 2.7 9
San Francisco MDiv 985,700 21,100 2.2 10
Source: U.S. Bureau of Labor Statistics, CES.
*Austin is the 46th largest metro based on total non-farm payroll jobs.
Employment by IndustryAustin MSA, June 2007
49,600
59,800
40,300
21,700
44,800
100,500
74,900
79,800
29,900
155,100
77,800
13,000
Construction
Manufacturing
Wholesale trade
Retail trade
Transp, wrhsing, & util
Information
Financial activities
Prof & business services
Ed & hlth services
Leisure & hospitality
Other services
Government
Source: Texas Workforce Commission, CES.
Employment by Industry2006
Financial Activities
6%Prof & Bus Services
14%
Ed & Hlth Services
10%
Govt21%
Leisure & Hospitality
10%
Other Services
4%
Information3%
Transp, Wrhsng &
Util2%
Retail Trade11%
Const & Mining
6%Mfg8%
Wholesale Trade
5%
Source: Texas Workforce Commission.
Austin MSA United States
Financial Activities
6%Prof & Bus Services
13%
Ed & Hlth Services
13%
Govt17%
Leisure & Hospitality
10%
Other Services
4%
Information2%
Transp, Wrhsng &
Util4%
Retail Trade11%
Const & Mining
6%
Mfg10%
Wholesale Trade
4%
21%
22%
23%
24%
25%
26%
27%
28%
29%
Austin MSAUnited States
Office Employment as a % of Total Private Nonfarm Jobs
Source: Texas Workforce Commission & U.S. Bureau of Labor Statistics.
Office employment is the sum ofInformationFinancial ActivitiesProfessional & Business Services
Office EmploymentAustin MSA
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
InformationFinancial activitiesProfessional & business services
Source: Texas Workforce Commission.
Office EmploymentAustin MSA
100,000
110,000
120,000
130,000
140,000
150,000
160,000
170,000
2004
Jan
2004
Mar
2004
May
2004
Jul
2004
Sep
2004
Nov
2005
Jan
2005
Mar
2005
May
2005
Jul
2005
Sep
2005
Nov
2006
Jan
2006
Mar
2006
May
2006
Jul
2006
Sep
2006
Nov
2007
Jan
2007
Mar
Source: Texas Workforce Commission.
Office employment is the sum ofInformationFinancial ActivitiesProfessional & Business Services
Information IndustryEmploymentAustin MSA
21,8
00
20,5
0024,3
00
0
5,000
10,000
15,000
20,000
25,000
Source: Texas Workforce Commission.
Professional & BusinessServices Industry Employment
Austin MSA
98,7
00
85,6
00
91,9
00
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
Source: Texas Workforce Commission.
Financial ActivitiesIndustry Employment
Austin MSA
43,0
00
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Source: Texas Workforce Commission.
15%
17%
19%
21%
23%
25%
27%
29%
Austin MSAUnited States
Government Employmentas a % of Total Nonfarm Jobs
Source: Texas Workforce Commission & U.S. Bureau of Labor Statistics.
Austin’s government employment:
1996 125,5002006 151,900
Employment by Occupation2005, Austin MSA
305,929
105,001
181,502
84,341
55,041
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
Management,professional, &
related
Service Sales & office Construction,extraction,
maintenance &repair
Production,transportation,
& materialmoving
Source: U.S. Bureau of the Census.
Employment by Occupation2005
42%
14%
25%
12%8%
34%
16%
26%
10%13%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Management,professional, &
related
Service Sales & office Construction,extraction,
maintenance &repair
Production,transportation,
& materialmoving
AustinUnited States
Source: U.S. Bureau of the Census.
Employment by OccupationMay 2006, Austin MSA
Management 34,610 Protective service 17,020Business & financial operations
44,770Food preparation & serving related
61,890
Computer & mathematical 35,440Building & grounds cleaning & maintenance
20,480
Architecture & engineering 23,620 Personal care & services 18,050Life, physical, & social science 11,030 Sales and related 76,480
Community & social services 7,040Office & administrative support
131,010
Legal 6,780 Farming, fishing, & forestry NA
Education, training, & library 45,630Construction & extraction occupations
30,410
Arts, design, entertainment, sports, & media
9,490Installation, maintenance, & repair
29,020
Healthcare practitioners & technical
25,210 Production 35,430
Healthcare support 13,090Transportation & material moving
34,420
All Occupations 711,080
Source: U.S. Bureau of Labor Statistics.
High-Tech Employment BaseEmployment in Selected Industries
2006, Austin MSA
High tech manufacturing 35,308 Computer & electronics 31,481
Semiconductors 16,355Computers & peripherals whsle
19,020
High tech information & other IT
28,210
Engineering, R&D, & labs/testing
18,169
Total 100,707 Source: Texas Workforce Commission.
Computer & EngineeringOccupations
2006 Employment, Austin MSA
Computer & math occupations 35,440
Engineering occupations 22,540
Total 56,980
Source: U.S. Bureau of Labor Statistics.
Average Wage Rates, May 2006
All Occupations
Source: U.S. Bureau of Labor Statistics, OES.
$0
$5
$10
$15
$20
$25
$30
Average Salaries, May 2006White Collar Occupations
Source: U.S. Bureau of Labor Statistics, OES.
$0
$25,000
$50,000
$75,000
$100,000
$125,000
Management Business &financial ops
Computer &math.
Engineering& arch
Sales Office
AustinChicagoDenverLos AngelesNew YorkUnited States
Average Salaries, May 2006Blue Collar Occupations
Source: U.S. Bureau of Labor Statistics, OES.
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
Construction &extraction
Installation,maintenance, &
repair
Productionoccupations
Transportation &material moving
AustinChicagoDenverLos AngelesNew YorkUnited States
Average Wage Rates, May 2006White Collar Occupations
Source: U.S. Bureau of Labor Statistics, OES.
$0
$10
$20
$30
$40
$50
$60
Management Business &financial ops
Computer &math.
Engineering& arch
Sales Office
AustinChicagoDenverLos AngelesNew YorkUnited States
Average Wage Rates, May 2006Blue Collar Occupations
Source: U.S. Bureau of Labor Statistics, OES.
$0
$5
$10
$15
$20
$25
$30
Construction &extraction
Installation,maintenance, &
repair
Productionoccupations
Transportation &material moving
AustinChicagoDenverLos AngelesNew YorkUnited States
Austin Metro Colleges & Universities
Fall 2006 Enrollments
Four-Year Institutions The University of Texas, Austin 49,738 Texas State University, San Marcos 27,503 St. Edward’s University, Austin 5,224 Southwestern University, Georgetown 1,277 Concordia University, Austin 1,266 Huston-Tillotson College, Austin 742Community Colleges Austin Community College, Austin 31,585 Temple College-Tayor Center, Taylor 671 GRAND TOTAL 118,006TOTAL ENROLLMENTS WITHIN 100 MILES
334,027Source: Texas Higher Education Coordinating Board & National Center for Education Statistics.
Most Educated Among*50 Largest Metro Areas 2005
H.S. graduateAt least some
college
At least a bachelor’s
degreeRank*
San Francisco MDiv 87.4% 72.2% 48.8% 1
Cambridge MDiv 90.4 67.0 47.5 2
Washington MDiv 88.4 67.4 44.2 3
San Jose MSA 85.5 68.7 43.8 4
Seattle MDiv 90.9 70.1 39.3 5
Austin MSA 87.0 66.2 39.1 6
Oakland MDiv 86.9 66.4 38.9 7
Boston MDiv 88.9 62.1 38.6 8
Minneapolis MSA 92.3 68.0 37.0 9
Denver MSA 88.0 65.5 36.8 10
Texas 78.8 52.5 25.1 ―
United States 84.2 54.7 27.2 ―
Source: U.S. Bureau of the Census, ACS.
*Based on population 25 years and older with at least a bachelor’s degree.
Degrees AwardedSelected Science Fields
Austin Metro Area Institutions
Year Ending June 2006Bachelor’s Master’s Doctoral
Computer & IS 353 94 16Engineering 1,044 438 191Physical sciences 172 54 75TOTAL 1,569 586 282
Source: U.S. National Center for Education Statistics.
Degrees Awarded 2006Computer Science &
Engineering
Source: National Center for Education Statistics.
Computer Science Engineering
Under-graduate
GraduateUnder-
graduateGraduate
UT Austin 264 66 976 625
Texas State University 45 44 68 4
Other metro area institutions
44
Metro area total 353 110 1,044 629
All institutions within a 200-mile radius of Austin (2004)
2,047 1,004 4,089 2,978
Degrees Awarded 2006Engineering & Physical
Sciences
Source: National Center for Education Statistics.
Engineering Physical Sciences
Under-graduate
GraduateUnder-
graduateGraduate
UT Austin 976 625 140 123
Texas State University 68 4 24 6
Other metro area institutions
8
Metro area total 1,044 629 172 129All institutions within a 200-mile radius of Austin
(2004)4,089 2,978 765 543
Engineering Degrees AwardedUT Austin, 2006
Bachelor’s Master’s Doctor’sAerospace 76 26 4Architectural 47 4Biomedical 75 12 12Chemical 96 16 36Civil 82 85 35Electrical, electronics & comm.
328 153 61
Engineering mechanics 2 1Environmental 14Industrial 12 2Materials 1 15Mechanical 196 56 12Petroleum 76 26 13Other 27TOTAL 976 407 191
K-12 Education: Public/Private
• Austin area households enjoy diverse options in education, including 29 public school districts, 16 charter schools and 69 private schools.
• Public school quality is high in Austin: only 8% of area elementary and secondary students are enrolled in private education, compared to 10% nationally.
• Annual tuition at area private schools ranges widely: from $1,700 to $18,000 (based on 2006/07
information for the area’s 25 largest schools).
Austin Community College(ACC)
With approximately 30,500 students, ACC has seven permanent campuses and more than 70 teaching locations in the region. The ACC Highland Business Center and Downtown Center is extensively involved in the development of course work and training specifically designed for Austin industries. ACC maximizes community and customer satisfaction by identifying, developing, and delivering quality programs at an exceptional level of service that:
•Responds to business, government, & industry employee training needs•Enhances the community's workforce & economic development efforts•Helps fulfill personal, occupational, & career aspirations of individuals
Austin Community College provides contracted training to many local high
tech companies.
WorkSource
• WorkSource provides local workforce solutions, helping people find jobs, employers find workers and supporting efforts to create a talented workforce in Travis County.
• WorkSource operates three full-service career centers and four satellite centers in Pflugerville, Manor, Del Valle and Jonestown plus a re-employment center for workers affected by mass layoffs.
• Each Career Center offers access to current labor market information, job posting, applicant screening and other services to help you find qualified workers.
• WorkSource also offers training in such high-demand occupations as high technology and nursing.