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Austin Chamber of Commerce 1207 State of the Economy Workforce As presented to the Keller Williams Agent Leadership Council.

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Presentation on theme: "Austin Chamber of Commerce 1207 State of the Economy Workforce As presented to the Keller Williams Agent Leadership Council."— Presentation transcript:

1 Austin Chamber of Commerce 1207 State of the Economy Workforce As presented to the Keller Williams Agent Leadership Council

2 Labor Force & Employment Austin MSA Source: Texas Workforce Commission, LAUS. Added in the last 12 months: 15,408 to labor force (1.9%) 21,649 to employed (2.7%)

3 Unemployment Austin MSA Source: Texas Workforce Commission, LAUS. The total unemployed in June is lower than the level one year ago by over 6,200 persons.

4 Unemployment Rates Source: Texas Workforce Commission, LAUS.

5 Lowest Unemployment Rates Top 50 Metro Areas Unemployment Rate (%) DifferenceRank Jun. ‘06Jun. ‘07 Phoenix MSA 3.73.0-0.71 Bethesda MDiv 3.2 0.02 Washington MDiv 3.43.3-0.13 Virginia Beach MSA 3.4 0.04 Miami MDiv 3.93.4-0.55 Fort Lauderdale MDiv 3.33.40.16 Orlando MSA 3.33.60.37 Nashville MSA 4.73.78 Nassau MDiv 3.83.7-0.19 Jacksonville MSA 3.73.80.110 Austin MSA 4.63.8-0.811 Source: U.S. Bureau of Labor Statistics, LAUS.

6 Employment Growth Rates Source: Texas Workforce Commission, LAUS.

7 Fastest Growing Among Top 50 Metro Areas Employment Jun. ‘07 Growth Jun. ‘06-Jun. ‘07 Rank Difference% Ch. Las Vegas MSA 912,90030,2003.41 Riverside MSA 1,732,70055,4003.32 Nashville MSA 768,80024,2003.33 Jacksonville MSA 645,10018,1002.94 Miami MDiv 1,142,70031,9002.95 Atlanta MSA 2,607,70072,0002.86 Phoenix MSA 1,995,30053,6002.87 Charlotte MSA 808,80021,7002.88 Austin MSA 815,70021,7002.79 Orlando MSA 1,051,50027,2002.710 Source: U.S. Bureau of Labor Statistics, LAUS. *Austin is the 42 nd largest metro based on total employment.

8 Employees on Nonfarm Payrolls Austin MSA Source: Texas Workforce Commission, CES. June 2007: 29,000 jobs added in the last 12 months Austin up 4.0% Texas up 2.1% US up 1.4%

9 Employees on Nonfarm Payrolls Growth Rates Source: Texas Workforce Commission, CES.

10 Fastest Growing Among Top 50 Metro Areas Non-farm payroll jobs Jun. ‘07 Growth Jun. ‘06-Jun. ‘07 Rank Difference% Ch. Salt Lake City MSA643,60028,0004.51 Austin MSA747,20029,0004.02 Riverside MSA1,321,90044,9003.53 Phoenix MSA1,936,30061,6003.34 Houston MSA2,525,60076,5003.15 Dallas MDiv2,092,20061,4003.06 Seattle MDiv1,468,60040,2002.87 Charlotte MSA844,00022,6002.88 Fort Worth MDiv 862,30022,4002.79 San Francisco MDiv 985,70021,1002.210 Source: U.S. Bureau of Labor Statistics, CES. *Austin is the 46 th largest metro based on total non-farm payroll jobs.

11 Employment by Industry Austin MSA, June 2007 Source: Texas Workforce Commission, CES.

12 Employment by Industry 2006 Source: Texas Workforce Commission. Austin MSAUnited States

13 Office Employment as a % of Total Private Nonfarm Jobs Source: Texas Workforce Commission & U.S. Bureau of Labor Statistics. Office employment is the sum of Information Financial Activities Professional & Business Services

14 Office Employment Austin MSA Source: Texas Workforce Commission.

15 Office Employment Austin MSA Source: Texas Workforce Commission. Office employment is the sum of Information Financial Activities Professional & Business Services

16 Information Industry Employment Austin MSA Source: Texas Workforce Commission.

17 Professional & Business Services Industry Employment Austin MSA Source: Texas Workforce Commission.

18 Financial Activities Industry Employment Austin MSA Source: Texas Workforce Commission.

19 Government Employment as a % of Total Nonfarm Jobs Source: Texas Workforce Commission & U.S. Bureau of Labor Statistics. Austin’s government employment: 1996 125,500 2006 151,900

20 Employment by Occupation 2005, Austin MSA Source: U.S. Bureau of the Census.

21 Employment by Occupation 2005 Source: U.S. Bureau of the Census.

22 Employment by Occupation May 2006, Austin MSA Management34,610Protective service17,020 Business & financial operations 44,770 Food preparation & serving related 61,890 Computer & mathematical35,440 Building & grounds cleaning & maintenance 20,480 Architecture & engineering23,620Personal care & services18,050 Life, physical, & social science11,030Sales and related76,480 Community & social services7,040 Office & administrative support 131,010 Legal6,780Farming, fishing, & forestryNA Education, training, & library45,630 Construction & extraction occupations 30,410 Arts, design, entertainment, sports, & media 9,490 Installation, maintenance, & repair 29,020 Healthcare practitioners & technical 25,210Production35,430 Healthcare support13,090 Transportation & material moving 34,420 All Occupations711,080 Source: U.S. Bureau of Labor Statistics.

23 High-Tech Employment Base Employment in Selected Industries 2006, Austin MSA High tech manufacturing35,308 Computer & electronics31,481 Semiconductors16,355 Computers & peripherals whsle 19,020 High tech information & other IT 28,210 Engineering, R&D, & labs/testing 18,169 Total100,707 Source: Texas Workforce Commission.

24 Computer & Engineering Occupations 2006 Employment, Austin MSA Computer & math occupations35,440 Engineering occupations22,540 Total56,980 Source: U.S. Bureau of Labor Statistics.

25 Average Wage Rates, May 2006 All Occupations Source: U.S. Bureau of Labor Statistics, OES.

26 Average Salaries, May 2006 White Collar Occupations Source: U.S. Bureau of Labor Statistics, OES.

27 Average Salaries, May 2006 Blue Collar Occupations Source: U.S. Bureau of Labor Statistics, OES.

28 Average Wage Rates, May 2006 White Collar Occupations Source: U.S. Bureau of Labor Statistics, OES.

29 Average Wage Rates, May 2006 Blue Collar Occupations Source: U.S. Bureau of Labor Statistics, OES.

30 Austin Metro Colleges & Universities Fall 2006 Enrollments Four-Year Institutions The University of Texas, Austin49,738 Texas State University, San Marcos27,503 St. Edward’s University, Austin5,224 Southwestern University, Georgetown1,277 Concordia University, Austin1,266 Huston-Tillotson College, Austin742 Community Colleges Austin Community College, Austin31,585 Temple College-Tayor Center, Taylor671 GRAND TOTAL118,006 TOTAL ENROLLMENTS WITHIN 100 MILES 334,027 Source: Texas Higher Education Coordinating Board & National Center for Education Statistics.

31 Most Educated Among* 50 Largest Metro Areas 2005 H.S. graduate At least some college At least a bachelor ’ s degree Rank* San Francisco MDiv87.4%72.2%48.8%1 Cambridge MDiv90.467.047.52 Washington MDiv88.467.444.23 San Jose MSA85.568.743.84 Seattle MDiv90.970.139.35 Austin MSA87.066.239.16 Oakland MDiv86.966.438.97 Boston MDiv88.962.138.68 Minneapolis MSA92.368.037.09 Denver MSA88.065.536.810 Texas78.852.525.1― United States84.254.727.2― Source: U.S. Bureau of the Census, ACS. *Based on population 25 years and older with at least a bachelor’s degree.

32 Degrees Awarded Selected Science Fields Austin Metro Area Institutions Year Ending June 2006 Bachelor’sMaster’sDoctoral Computer & IS3539416 Engineering1,044438191 Physical sciences1725475 TOTAL1,569586282 Source: U.S. National Center for Education Statistics.

33 Degrees Awarded 2006 Computer Science & Engineering Source: National Center for Education Statistics. Computer ScienceEngineering Under- graduate Graduate Under- graduate Graduate UT Austin 26466976625 Texas State University 4544684 Other metro area institutions 44 Metro area total 3531101,044629 All institutions within a 200-mile radius of Austin (2004) 2,0471,0044,0892,978

34 Degrees Awarded 2006 Engineering & Physical Sciences Source: National Center for Education Statistics. EngineeringPhysical Sciences Under- graduate Graduate Under- graduate Graduate UT Austin 976625140123 Texas State University 684246 Other metro area institutions 8 Metro area total 1,044629172129 All institutions within a 200-mile radius of Austin (2004) 4,0892,978765543

35 Engineering Degrees Awarded UT Austin, 2006 Bachelor’sMaster’sDoctor’s Aerospace76264 Architectural474 Biomedical7512 Chemical961636 Civil828535 Electrical, electronics & comm. 32815361 Engineering mechanics21 Environmental 14 Industrial122 Materials115 Mechanical1965612 Petroleum762613 Other27 TOTAL976407191

36 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).

37 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.

38 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.


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