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Labor Market and Career Information
Labor Market Trends
TexasExternal Relations
Division
November 30, 2017
Labor Market and Career Information
Current EventsAND THEIR POTENTIAL IMPACT
Labor Market and Career Information
Texas Initial Claims4-week Moving Average
Labor Market and Career Information
41 FEMA Disaster CountiesHurricane Harvey
Counties Sep-2017 OTM Change
Aransas 9.6 4.1
Refugio 7.3 1.6
Orange 8.3 1.5
Jefferson 8.4 1.0
San Patricio 8.1 0.8
Calhoun 6.1 0.4
Hardin 6.6 0.1
Texas 4.0 -0.5
Labor Market and Career Information
US Jobs ReportImpact of Disasters on Economy After Harvey, worst report in 7 years
Estimated 33,000 jobs lost got revised up to a gain of 18,000 jobs in September
Car sales surged last month – 3rd highest level ever
Hurricane destruction slowed economy temporarily, but U.S. added 261,000 jobs in October
◦ Labor shortages are becoming a problem◦ Shortage intensifying as recovery efforts accelerate◦ We are seeing high demand for damage-related construction workers
Labor Market and Career Information
Texas Economy
Labor Market and Career Information
Unemployment Rates –Texas & USSeasonally Adjusted, 2007 – September 2017
Labor Market and Career Information
Annualized Employment GrowthTexas vs. U.S.(Seasonally Adjusted) 2007 – September 2017
Labor Market and Career Information
Annualized Employment GrowthDallas-Fort Worth-Arlington(Seasonally Adjusted) 2007 – September 2017
Labor Market and Career Information
Annualized Employment GrowthAustin-Round Rock vs. San Antonio-NB(Seasonally Adjusted) 2007 – September 2017
Labor Market and Career Information
Indexed Employment Growth(Seasonally Adjusted) 2007 – Sep 2017, Downturn = 100
Labor Market and Career Information
Strong Annual Employment Growth(Not Seasonally Adjusted) Metros with 1 million+, Sep 2017
Rank Metro %
1 Dallas-Plano-Irving, TX 2.7
2 Fort Worth-Arlington, TX 2.6
2 Boston-Cambridge-Newton, MA 2.6
4 Atlanta-Sandy Springs-Roswell, GA 2.5
4 Riverside-San Bernardino-Ontario, CA 2.5
6 Columbus, OH 2.4
6 Portland-Vancouver-Hillsboro, OR-WA 2.4
8 Austin-Round Rock, TX 2.3
8 Cincinnati, OH-KY-IN 2.3
8 Seattle-Bellevue-Everett, WA 2.3
12 San Antonio-New Braunfels, TX 2.242 Houston-The Woodlands-Sugar Land, TX 0.7
Labor Market and Career Information
Texas Dominates Large Metro GrowthIHS Employment Growth Projections, Metros over 1 million2017-2022 Average Annual Growth Rate
Rank Metro %1 Austin, TX 2.5%2 Las Vegas, NV 2.4%3 Orlando, FL 2.2%4 Phoenix, AZ 2.1%5 Raleigh, NC 2.0%6 Houston, TX 2.0%7 Nashville, TN 1.9%8 Salt Lake City, UT 1.9%9 Dallas-Fort Worth, TX 1.9%
10 Denver, CO 1.8%11 Riverside-San Bernardino, CA 1.8%12 Charlotte, NC-SC 1.7%13 San Antonio, TX 1.7%14 Tampa, FL 1.6%15 Jacksonville, FL 1.6%
Labor Market and Career Information
Annual Job Growth and U-Rates for Texas Metros(Not Seasonally Adjusted), Sep 2017
Rank Metropolitan Area Annual Job Growth Rate
Unemployment Rate
1 College Station-Bryan 3.4% 2.9%2 Corpus Christi 2.9% 5.8%3 Dallas-Plano-Irving 2.7% 3.4%3 El Paso 2.7% 4.2%3 Midland 2.7% 2.8%6 Fort Worth-Arlington 2.6% 3.4%7 Austin-Round Rock 2.3% 2.9%8 San Antonio-New Braunfels 2.2% 3.2%9 Odessa 2.0% 3.7%
10 Killeen-Temple 1.9% 3.8%11 Sherman-Denison 1.7% 3.2%11 Tyler 1.7% 3.8%13 Laredo 1.5% 3.6%14 Lubbock 1.4% 2.9%15 McAllen-Edinburg-Mission 1.2% 6.9%16 Amarillo 1.1% 2.7%17 Brownsville-Harlingen 0.9% 6.4%18 Houston-The Woodlands-Sugar Land 0.7% 4.8%18 Wichita Falls 0.7% 3.4%
Labor Market and Career Information
Drilling downINDUSTRY EMPLOYMENT
Labor Market and Career Information
Top Industry by Employment 1990
Labor Market and Career Information
Top Industry by Employment 2017
Labor Market and Career Information
Texas Industry Employment(Seasonally Adjusted) September 2017
INDUSTRY SECTOR Sep 2017* Monthly Change Yearly Change
Professional And Business Services 1,680,800 5,900 41,700Manufacturing 878,200 200 37,200Mining And Logging 248,400 4,900 34,200Health Care And Social Assistance 1,478,500 -5,800 31,900Financial Activities 762,300 5,000 26,300Government 1,960,100 900 25,800Local Government 1,345,100 -100 18,400Trans., Warehousing, & Utilities 543,200 1,000 17,600Other Services 446,500 3,800 16,700Construction 715,400 4,100 14,300Leisure And Hospitality 1,309,200 -21,300 12,800Wholesale Trade 592,700 2,200 12,300Educational Services 203,800 -200 6,600State Government 414,200 700 5,700Federal Government 200,800 300 1,700Retail Trade 1,311,600 -6,500 -9,400Information 190,400 -1,500 -11,900
Labor Market and Career Information
Annual Growth RatesSeasonally Adjusted, September 2017
Labor Market and Career Information
Texas Retail Trade EmploymentSeasonally Adjusted, September 2017
Labor Market and Career Information
Annual Growth RatesNot Seasonally Adjusted, September 2017
Labor Market and Career Information
Texas Manufacturing EmploymentSeasonally Adjusted, Index 1990 = 100, September 2017
Labor Market and Career Information
US Manufacturing Productivity & OutputSeasonally Adjusted, Index 2009 = 100
Labor Market and Career Information
Cost of Commodities vs.Price of All Goods and Services in the EconomyNot Seasonally Adjusted, Index 1990 = 100, September 2017
Labor Market and Career Information
Texas Mining and Logging Employment (Seasonally Adjusted), Monthly Growth
Labor Market and Career Information
WTI vs. Texas Rig Counts
Labor Market and Career Information
Major BasinsRig Counts, October 2017
Labor Market and Career Information
OccupationalProjections
Labor Market and Career Information
Employment Change by Industry SectorTexas: 2014-2024
Labor Market and Career Information
Occupations Adding the Most JobsTexas: 2014-2024
Labor Market and Career Information
Fastest Growing OccupationsTexas: 2014-2024
*Fastest growing occupations with employment greater than or equal to 2,500 in 2014
Labor Market and Career Information
Largest Postsecondary Non-Degree OccupationsTexas: 2014-2024
Labor Market and Career Information
Largest Associate’s Degree OccupationsTexas: 2014-2024
Labor Market and Career Information
Largest Bachelor’s Degree OccupationsTexas: 2014-2024
Labor Market and Career Information
2016 Texas Wageso Average: $47,767
o Entry: $20,112
o Experienced: $61,594
Labor Market and Career Information
Job Postings
Labor Market and Career Information
Where the Job Postings Are Now: OctoberMetro AreaTa Postings OTM
Change Metro Area Postings OTM Change
DFW 112,576 0.0% College Station-Bryan 3,052 6.1%Houston 67,691 6.2% Odessa 2,636 -3.9%Austin-Round Rock 40,269 -0.2% Midland 2,600 0.1%San Antonio-NB 29,730 0.1% Amarillo 2,517 -0.2%El Paso 6,299 -1.4% Tyler 2,287 7.4%Corpus Christi 4,666 9.9% Brownsville-Harlingen 2,232 5.4%McAllen-Edinburg 4,115 2.3% Longview 1,925 11.3%Killeen-Temple 3,969 3.9% Abilene 1,714 9.3%Lubbock 3,907 7.8% Laredo 1,655 3.0%Beaumont-PA 3,752 15.2% San Angelo 1,372 -1.8%Waco 3,196 -2.1% Wichita Falls 1,213 -0.2%
Labor Market and Career Information
Industries Hiring in the TexasIndustry Postings
Temporary Help Services 10,015
Employment Placement Agencies 9,410
General Medical and Surgical Hospitals 8,281
Hotels (except Casino Hotels) and Motels 5,054
Elementary and Secondary Schools 4,919
Colleges, Universities, and Professional Schools 4,881
All Other Miscellaneous Ambulatory Health Care Services 4,701
Administrative Management and General Management Consulting Svc 4,399
Offices of Physicians (except Mental Health Specialists) 4,205
Commercial Banking 3,693
Labor Market and Career Information
Help Wanted Job Listings in TexasJob Type OTM Change Postings
Registered Nurses ↓ 15,327 Heavy and Tractor-Trailer Truck Drivers ↓ 11,991 Retail Salespersons ↓ 8,632 Supervisors of Retail Sales Workers ↓ 8,409 Software Developers, Applications ↑ 6,894 Customer Service Representatives ↓ 6,330 Maintenance and Repair Workers, General ↑ 5,665 Supervisors of Office and Administrative Support Workers ↑ 5,402 Computer User Support Specialists ↓ 4,919 Supervisors of Food Preparation and Serving Workers ↓ 4,905 Computer Systems Analysts ↓ 4,590 Web Developers ↓ 4,306 Accountants ↑ 4,282 Network and Computer Systems Administrators ↓ 4,276 Management Analysts ↓ 3,608
Labor Market and Career Information
Top EmployersTexas
Labor Market and Career Information
Skills
Labor Market and Career Information
What Employers Want1. Specific Skills2. Educational Attainment3. Relevant Work Experience4. Soft Skills and Social Competency
Labor Market and Career Information
Rick Stephens, Boeing Corp“There’s not one specific thing or skill people have to have to work for us. But I can tell you why we fire people: soft skills. We hire for hard skills. We fire for soft skills.”
– Interviewed by TWC
Labor Market and Career Information
“Certificates” Most in DemandTexas
Labor Market and Career Information
“Hard Skills” Most in DemandTexas
Labor Market and Career Information
“Soft Skills” Most in DemandTexas
Labor Market and Career Information
Education Matters!
Labor Market and Career Information
Labor Market Reality
Labor Market and Career Information
More Education = Better Labor Market OutcomesU.S. Earnings and U-Rates by educational attainment, 2016
Note: Data are for persons age 25 and over. Earnings are for full-time wage and salary workers Q4-2016 Averages.Source: U.S. Bureau of Labor Statistics, Current Population Survey
Labor Market and Career Information
Changing Demographics
Labor Market and Career Information
Median Earnings by EducationTexas
Source: U.S. Census Bureau, 2011-2015 American Community Survey, 5-Year Estimates
Labor Market and Career Information
Poverty Rate by Level of EducationTexas
Source: U.S. Census Bureau, 2011-2015 American Community Survey, 5-Year Estimates
Labor Market and Career Information
Educational Attainment by RaceTexas
Source: U.S. Census Bureau, 2011-2015 American Community Survey, 5-Year Estimates
Labor Market and Career Information
Projected Population Growth by RaceTexas, 2010-2050
Source: Texas Demographer, 0.5 Scenario
Labor Market and Career Information
Metro Areas with Largest Population Gain15 Largest Numeric Increases Between 2015 and 2016
Source: U.S. Census Bureau, American Community Survey and Population Estimates Program, 2015 Estimates
Labor Market and Career Information
Fastest-Growing Cities AreDeep in the Heart of Texas15 Fastest-Growing Cities and Towns Between 2015 and 2016
Source: U.S. Census Bureau, American Community Survey and Population Estimates Program, 2015 Estimates
Labor Market and Career Information
Contact InformationCareer Information Hotline
1-800-822-PLAN (7526)
Labor Market Information Hotline: 1-866-938-4444
General Information Line: (512) 936-3200
Email [email protected]
www.lmci.state.tx.us
Labor Market and Career Information
THANK YOU!
Phil Arnold & Mariana VegaLabor Market Economists
512-936-3153
www.lmci.state.tx.us
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