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A Snapshot of the Texas Economy May 2010 Texas Workforce Commission.

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Presentation on theme: "A Snapshot of the Texas Economy May 2010 Texas Workforce Commission."— Presentation transcript:

1 A Snapshot of the Texas Economy May 2010 Texas Workforce Commission

2 Texas Labor Market Statistics (s.a.) April 2010 (p) March 2010 (r) April 2009 (r) Non-farm Payroll Jobs (-42,000 YOY) 10.310 Mil10.278 Mil10.352 Mil Labor Force (+342,000 YOY) 12.211 Mil12.160 Mil11.869 Mil Unemployed (+ 143,600 YOY) 1,008,8001,002,600865,200 U Rate (+1.0 YOY) 8.3%8.2%7.3%


4 Texas Industry Job Growth from Oct 2008 to 2009 NAICS Industry Jobs Oct 09Net Growth Ambulatory Health Care Services 566,19930,821 Educational Services1,020,83321,527 Hospitals 392,76111,807 Social Assistance 166,2687,112 Residential Nursing Care Facilities 183,8436,535 Performing Arts, Spectator Sports 23,8992,440 Sporting Goods Book & Music Stores 38,7021,274 Utilities 80,6741,068 Oil and Gas Extraction 85,031906 Gasoline Stations 70,351890 Museums, Historical Sites & Related 28,677879

5 Texas Industry Job Decline from Oct 2008 to 2009 NAICS Industry Jobs Oct 09 Net Decline Admin & Personnel Supply Services587,952-68,966 Specialty Trade Contractors343,928-42,496 Professional, Scientific &Tech Services553,807-36,784 Support Activities for Mining102,476-35,564 Merchant Wholesalers, Durable Goods278,916-28,830 Commercial Construction134,689-24,498 Fabricated Metals Manufacturing113,957-21,704 Heavy & Civil Engineering Construction145,125-21,587 Motor Vehicle and Parts Dealers141,579-15,939 Computer & Electronics Manufacturing 98,525-13,684 Machinery Manufacturing 83,693-13,401

6 Short-term Forecasted Job Growth by Region LWDA20102011 2012 South East Texas/Beaumont 2.8%2.3%2.0% Cameron/ Rio Grande Valley 2.6%2.5% Upper Rio Grande/El Paso 2.4%2.2%2.0% Forth Worth 2.0%1.9%2.0% Dallas 1.9%1.5% South Plains/Lubbock 1.9%1.8% Austin/Travis 1.7%1.8% North East Texas/ Texarkana 1.6%1.1% Rural Coastal Bend/Corpus 1.6%1.4% Central Texas/Killeen-Temple 1.5%1.7% Middle Rio Grande/Laredo 1.3%

7 Texas Statewide Short-term Jobs Forecast 2010-2012 Industry Title20102012ABSCHG Food service & drinking places823,693861,70138,008 Educational services1.090 mil1.127 mil36,830 Ambulatory health care552,752584,15031,398 Professional& tech services559,251587,94528,694 Hospitals384,103405,17421,071 Justice & public safety220,389229,2378,848 Nursing & residential care168,550177,3568,806 Social assistance154,148162,8728,724 Merchant wholesalers, durable284,530293,0708,540 Non-bank credit intermediation234,767242,1777,410 General merchandise stores266,358272,5366,178 Amusements & recreation84,58089,8895,309

8 Texas Online Job Postings Last 90 Days Ending May 2010 Registered Nurses52,693 Associates/Bachelors Physical Therapists18,471 Masters degree Computer Systems Analysts15,693 Bachelors degree Retail Supervisors/Managers15,132 Related Work Experience Occupational Therapists13,608 Masters degree Customer Service Representatives13,271 Moderate OJT Retail Salespersons11,589 Short term OJT Sales Managers11,483 Bachelors w/experience Medical & Health Services Managers11,439 Bachelors w/experience Sales Reps, Wholesale & Manufacture10,704 Related Work Experience Executive Secretaries & Admin Assist10,266 Related Work Experience Computer Support Specialists10,259 Associates degree Speech-Language Pathologists8,901 Masters degree Computer Software Engineers, Apps8,671 Bachelors degree Accountants8,654 Bachelors degree

9 Fastest Growing Texas Occupations 2016 OccupationED PREF2008 Salary 1. Personal and Home Care Aides Short-term OJT$13,993 2. Network Systems & Data Communications Analysts Bachelor's degree$67,418 3. Medical Assistants Moderate-term OJT$25,266 4. Special Education Teachers, K-8 Bachelor's degree$44,824 5. Computer Software Engineers Bachelor's degree$86,217 6. Physician Assistants Master's degree$81,959 7. Physical Therapist Assistants Associate degree$51,589 8. Kindergarten Teachers Bachelor's degree$43,182 9. Pharmacy Technicians Moderate-term OJT$27,753 10. Instructional Coordinators Master's degree$57,610 11. Occupational Therapist Asst. Associate degree$51,764 12. Elementary School Teachers Bachelor's degree$44,216

10 Fastest Growing Texas Occupations -- Bachelors Plus Occupation Title (1,000 jobs)Growth 2006-16Annual Pay Network Systems/Data Com Analyst55.5%$67,418 Special Education Teacher48.5%$44,824 Computer Software Engineer, Apps46.3%$86,217 Physician Assistant46.1%$81,959 Instructional Coordinator43.4%$57,610 Teachers, Kinder thru Middle School42.0%$44,216 Physical Therapist38.9%$77,294 Athletic Trainer38.7%$44,008 Anesthesiologist38.5%$176,254 Obstetrician/Gynecologist38.1%$190,362 Graduate Teaching Assistant36.3%$31,043

11 Fastest Growing Texas Occupations -- Associates/Cert Occupation Title (1,000 jobs) Growth Rate 2006-16Annual Pay Physical Therapy Assistant46.1%$51,589 Occupational Therapy Assistant42.9%$51,764 Surgical Technologist41.9%$37,286 Cardiovascular Technologist/Technician41.8%$44,461 Skin Care Specialist41.5%$27,100 Veterinary Technologist/Technician40.3%$25,271 Dental Hygienist38.6%$63,225 Respiratory Therapist37.8%$47,659 Registered Nurse37.8%$59,714 Radiation Therapist35.3%$75,487 Interpreter/Translator34.9%$42,630

12 Top 15 Public University Graduates 2008 College MajorGrads Quarterly Earnings 1. Business, Management and Marketing18,058$38,001 2. Multi/Interdisciplinary Studies9,246$35,602 3. Health Professions and Related Clinical Sciences5,759$49,247 4. Social Sciences5,710$28,460 5. Biological and Biomedical Sciences4,939$24,104 6. Unknown/Undeclared4,796$31,862 7. Communication & Journalism4,677$26,672 8. Psychology4,479$24,562 9. Engineering4,066$56,125 10. Visual and Performing Arts3,382$25,700 11. English Language and Literature/Letters3,196$27,152 12. Parks, Recreation, Leisure, and Fitness Studies2,973$27,511 13. Criminal Justice2,435$28,775 14. History2,007$27,808 15. Agriculture & Agriculture Operations1,836$30,635 Fall 2008 graduate seed records were determined by THECB

13 Undersupply of Graduates for Projected Openings Registered Nursesundersupply K-12 Teachers, Except Special Educationundersupply Computer Systems Analystsundersupply Computer Support Specialistsundersupply Computer Software Engineers, Applicationsundersupply Computer Software Engineers, Systems Softwareundersupply Civil Engineersundersupply Medical and Health Services Managersundersupply Pharmacistsundersupply Paralegals and Legal Assistantsundersupply Job Recruitment & Placement Specialistsundersupply Industrial Engineersundersupply Training and Development Specialistsundersupply Medical Records & Health Information Techniciansundersupply Medical and Clinical Laboratory Techniciansundersupply

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