TEXAS LABOR MARKET REVIEW MAY 2018 T he Texas Monthly Labor Market Review brings you the most current labor market highlights and happenings across the Lone Star State. e information that follows is produced and published on a mottnthly basis and includes data on nonagricultural job trends, the labor force, job postings, and other relevant indicators for both the state and sub-state areas. Additional data and historical information is available on our website: Tracer2.com. For additional information, please contact: 1-866-938-4444 [email protected]APRIL 2018 MONTHLY INDICATORS INDUSTRY EMPLOYMENT 39,600 CES program Page 2 UNEMPLOYMENT RATE 0.1% LAUS program Page 5 ONLINE JOB ADS 1,806 HWOL Page 8 INITIAL CLAIMS 238 More Indicators Page 10 Labor Market and Career Information
12
Embed
Texas Labor Market Review - March 2018 - tracer2.com LABOR MARKET REVIEW MARCH 2018 T he Texas Monthly Labor Market Review brings you the most current labor market highlights and happenings
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
T E X A SLABOR MARKET REVIEW
M A Y 2 0 1 8
T he Texas Monthly Labor Market Review brings you the most current labor market highlights and happenings across the Lone
Star State. The information that follows is produced and published on a mottnthly basis and includes data on nonagricultural job trends, the labor force, job postings, and other relevant indicators for both the state and sub-state areas. Additional data and historical information is available on our website: Tracer2.com.
CURRENT EMPLOYMENT STATISTICSStatewide Industry Employment (Seasonally Adjusted)
Total Nonagricultural Wage and Salary employment increased by 39,600 jobs over-the-month in April
following a revised increase of 36,200 jobs for March. Both the Goods Producing and Service-Providing sectors gained employment with the Goods Producing sector posting the largest monthly increase in over four years.
Since April 2017, Total Nonfarm employment increased by 332,300 jobs as the annual growth rate accelerated to its highest peak in over three years at 2.7 percent. Mirroring this movement was the Goods Producing sector with a 40-month high annual growth rate of 5.4 percent.
employment growth more than tripled over the month to 4,900 jobs for April, as the industry has not decreased in employment since November 2016.
• Construction employment surged over the year as 40,600 jobs were added, pushing the annual growth rate to its highest level since March 2015.
• Professional and Business Services employment grew for an eighth consecutive month and recorded the highest annual growth rate since February 2015 with 4.7 percent in April. All sectors grew over the year.
Total Nonagricultural Jobs
‐5.0%
‐4.0%
‐3.0%
‐2.0%
‐1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
‐80,000
‐60,000
‐40,000
‐20,000
0
20,000
40,000
60,000
80,000
OTM Change OTY % Change
Labor Market and Career Information 3
CURRENT EMPLOYMENT STATISTICSMetro Areas (Seasonally Adjusted)
Highlights(MSA industry data are not seasonally adjusted)
• Sixteen out of 26 areas expanded in employment in April for a combined increase of 34,300 jobs. Twenty-three areas grew over the year, while three contracted.
• The Houston-The Woodlands-Sugar Land MSA led all areas over the month with an increase of 12,000 jobs.
• The Midland MSA grew the fastest by a wide margin in April with a 2.8 percent gain over the month.
• The Midland MSA also continued to lead all areas with an annual growth rate of 11.6 percent in April. Per not seasonally adjusted data, Mining, Logging, and Construction continued to drive much of this growth with 8,000 jobs added since April 2017.
• Annual employment loss was greatest in the Corpus Christi MSA with a decrease of 2,900 jobs. Leisure and Hospitality continued to shed the most jobs with a loss of 1,800 over the year.
LOCAL AREA UNEMPLOYMENT STATISTICSTexas & the U.S. (Seasonally Adjusted)
Texas April 2018
Employed 13,191,800 1
2
12
Unemployed558,500
4.1%Date CLF Employment Unemployment Rate
April 2018 13,750,300 13,191,800 558,500 4.1
March 2018 13,702,900 13,150,600 552,300 4.0
April 2017 13,501,700 12,892,600 609,100 4.5
U.S. April 2018
Employed 155,181,000
Unemployed6,346,000
3.9%Date CLF Employment Unemployment Rate
April 2018 161,527,000 155,181,000 6,346,000 3.9
March 2018 161,763,000 155,178,000 6,585,000 4.1
April 2017 160,213,000 153,156,000 7,056,000 4.4
Highlights• Texas’ seasonally adjusted unemployment rate was 4.1 percent in April, experiencing one-tenth of a percentage
point increase from March. The U.S. rate decreased to 3.9 percent this month.
• The state’s seasonally adjusted labor force participation rate was 63.8 percent in April.
• Texas’ seasonally adjusted LAUS employment was up 41,200 from last month.
• Summarizing the not seasonally adjusted estimates, the Texas unemployment rate decreased to 3.8 percent from March to April. This was three-tenths of a percentage point lower than the unemployment rate in April 2017. Over the previous five years, the unemployment rate has averaged a decrease of four-tenths of a percentage point from March to April.
10 Largest States' Unemployment Rates
3.0% 3.5% 4.0% 4.5% 5.0%
FloridaTexas
CaliforniaGeorgia
OhioIllinois
North CarolinaNew YorkMichigan
Pennsylvania
OTM Increase
OTM Decline
Current Rate
Texas
Labor Market and Career Information 6
LOCAL AREA UNEMPLOYMENT STATISTICSSubstate Areas (Not Seasonally Adjusted)
County Highlights• Unemployment rates varied considerably
across counties, ranging from a low of 1.6 percent in Hartley County to a high of 11.1 percent in Willacy County.
• Sixty-nine counties had an unemployment rate of 3.0 percent or less.
• Duval County experienced the largest unemployment rate decrease of 2.9 percentage points over the year.
• In April 2018, unemployment rates in 205 of the 254 counties decreased over the month. Eighteen counties were unchanged over the month, while 31 counties increased.
• Over the year, the civilian labor force increased in 149 counties. One county was unchanged over the year, while the other 104 counties in the state experienced a decline.
County Unemployment Rates
3.9% and below4.0% to 4.9%5.0% to 5.9%6.0% to 6.9%7.0% and above
Texas Metro Areas Ranked by Unemployment Rate
Rank Area Rate Rank Area Rate
1 Midland 2.1 15 Laredo 3.6 2 Amarillo 2.6 0 United States 3.7 3 College Station-Bryan 2.7 16 Killeen-Temple 3.8 4 Austin-Round Rock 2.8 0 Texas 3.8 4 Lubbock 2.8 17 Victoria 3.9 4 Odessa 2.8 18 Longview 4.1 7 San Angelo 3 19 El Paso 4.2 8 San Antonio-New Braunfels 3.1 19 Houston-The Woodlands-Sugar Land 4.2 8 Sherman-Denison 3.1 19 Texarkana 4.2 10 Abilene 3.2 22 Corpus Christi 5.1 10 Wichita Falls 3.2 23 Beaumont-Port Arthur 6.2 12 Dallas-Fort Worth-Arlington 3.4 23 Brownsville-Harlingen 6.2 12 Tyler 3.4 25 McAllen-Edinburg-Mission 6.5 12 Waco 3.4
Metro Area Highlights• Over the month, all 25 Texas MSAs experienced a decrease in their unemployment rates.
• Over the year, 24 Texas MSAs saw a decrease in their unemployment rate, with two experiencing a decrease of one percentage point or more. Odessa experienced the largest over the year change, dropping 1.5 percentage points. Texarkana remained the same, the only MSA that did not see a decrease.
Labor Market and Career Information 7
CURRENT POPULATION SURVEY12-Month Moving Average Unemployment Rates
Texas Unemployment Rates by Demographic
Gender (age 16+) Apr 2018
Mar 2018
Apr 2017
Female 4.3% 4.3% 4.4%
Male 3.8% 3.9% 5.1%
Age (16+) Apr 2018
Mar 2018
Apr 2017
Age 16-19 12.1% 12.0% 14.1%
Age 20-24 6.2% 6.2% 8.3%
Age 25-34 3.9% 3.9% 5.1%
Age 35-44 3.6% 3.7% 3.7%
Age 45-54 2.7% 2.7% 3.2%
Age 55-64 3.6% 3.6% 3.5%
Age 65+ 2.9% 3.2% 4.1%
Race (age 16+) Apr 2018
Mar 2018
Apr 2017
White 3.7% 3.8% 4.3%
Black 6.5% 6.6% 7.6%
Hispanic 4.4% 4.5% 5.1%
Other Categories (age 18+) Apr 2018
Mar 2018
Apr 2017
Veterans 3.7% 3.8% 4.0%
Unemployment Rates by Race
0%
1%
2%
3%
4%
5%
6%
7%
8%
White Black Hispanic
Previous Year Previous Month Apr 2018
Education (age 25+) Apr 2018
Mar 2018
Apr 2017
Less than High School 4.0% 4.1% 5.5%
High School Diploma 4.2% 4.3% 5.2%
Some College or Associate Degree 4.0% 4.0% 3.6%
Bachelor's Degree or Higher 2.3% 2.3% 2.8%
Unemployment Rates by Education
0%
1%
2%
3%
4%
5%
6%
Less than HS HS Diploma Some College orAssociate Degree
Bachelor's Degree orHigher
Previous Year Previous Month Apr 2018
Highlights• The unemployment rate for males declined by
1.3 percentage points over-the-year to a rate of 3.8 percent, while the rate for women decreased by one-tenth of a percentage point to 4.3 percent.
• The veteran unemployment rate over-the-month decreased by one-tenth of a percentage point to 3.7 percent.
• Individuals with some College education or associate degree had a slightly lower unemployment rate than those with a High School Diploma. Those with a Bachelor’s degree and higher continue to have a lower unemployment rate than those with a High School Diploma or less.
• More women (23,200) than men (22,900) entered the Texas labor force in April.
• The number of people not in the labor force because they are discouraged over job prospects in Texas stands at 35,300, down from a level of 40,000 a year ago.
HELP WANTED ONLINEStatewide Online Job Postings Data (Seasonally Adjusted)
Texas Labor Supply vs. Labor Demand
150
200
250
300
350
400
450
400
500
600
700
800
900
1,000
1,100
# OF AD
S (THO
USA
NDS
)
# OF UNEM
PLOYED (THO
USA
NDS)
Unemployed HWOL
Highlights• Online advertised vacancies increased by 1,806 to 337,127 in April, according to The Conference Board Help Wanted
OnLine® (HWOL) Data Series.
• The March Supply/Demand rate stands at 1.7 unemployed for each advertised vacancy with a total of 221,389 more unemployed workers than the number of advertised vacancies.
Top Employers by Postings
Employer Apr 2018
Mar 2018
HCA - The Healthcare Company 3,762 3,831
Robert Half International 3,509 3,365
Marriott 2,691 2,376
ACCENTURE 2,531 1,888
IBM 2,246 2,247
Baylor Scott & White Health 2,074 2,036
Randstad 2,017 1,910
Lowe's 1,876 1,910
The University of Texas System 1,733 1,739
Compass Group 1,684 1,649
Top Occupations by Postings
Occupation Apr 2018
Mar 2018
Heavy and Tractor-Trailer Truck Drivers 17,160 15,034
Customer Service Representatives 6,502 6,154Maintenance and Repair Workers, General 6,070 5,791First-Line Supervisors of Office and Administrative Support Workers 5,846 5,481
Computer Systems Analysts 5,334 4,981
Computer User Support Specialists 5,134 4,870
Labor Market and Career Information 9
Medical Center to CloseHouston Chronicle
HOUSTON, TX—Bay Area Regional Medical Center will close this month and file for bankruptcy. CEO Stephen K. Jones Jr. told employees in an email provided to the Chronicle that the company “was not able to overcome significant hurdles with managed-care companies.” An estimated 900 employees will lose their jobs.
The 191-bed hospital, which is owned by locally based Medistar Corp., opened four years ago just a half-mile from the more established Clear Lake Regional Medical Center. A statement on the Bay Area Regional website said the company is working with lenders to wind down the operation.
Energy Company to Cut 300 JobsHouston Business Journal
HOUSTON, TX—Shortly after Irving-based Vistra Energy Corp. closed on its acquisition of Houston-based Dynegy Inc., the company has disclosed local job cuts. According to information released by the Texas Workforce Commission, Vistra las to cut 308 jobs at Dynegy’s former headquarters in Houston. The cuts were announced April 11 and are expected to become effective June 11, according to information from the TWC.
“These employees were asked by Vistra Energy if they would be interested in relocating to North Texas; many declined,” a Vistra spokeswoman told the Houston Business Journal. The company currently occupies about a floor and a half in downtown Houston.
Job Losses
EMPLOYMENT NEWSMedia Update
Steel Company Selects Valley SiteValley Morning Star
BROWNSVILLE, TX—After decades of effort, Brownsville’s quest for a steel mill appears to have finally paid off. Arkansas-based Big River Steel LLC (BRS) has selected Brownsville, according to Port of Brownsville officials. The Brownsville $1.6 billion plant, like the Osceola, Arkansas facility, would support approximately 500 full-time jobs with an annual average salary of $75,000.
The development was reflected in a unanimous vote by the Brownsville Navigation District board, during a special meeting last month, to give BRS the option to lease 800 acres between the Brownsville Ship Channel and S.H. 48 on which to build the facility. “Now all the hard work begins,” said Eddie Campirano, port director and CEO. “This kind of sets the wheels in motion. There’s still a lot of work to be done. A project like this is not going to be easy,” he added. Officials believe the permitting process and construction could take four years for the project.
Home Depot to Hire 500 in AustinAustin Business Journal
AUSTIN, TX—Home Depot Inc. hopes to add about 1,000 tech jobs, with as many as half of them being created at its Austin technology center, as part of a $11.1 billion three-year strategic investment plan. There will also be hiring in Atlanta and Dallas, but a spokesman for Home Depot said its Austin corporate office in Northeast Austin could see up to 500 new jobs.
The Atlanta-based home improvement giant said the hiring push complements its desire to bring more tech to the customer shopping experience, both online and in store, as well as to its supply chain, delivery capabilities and workforce management systems. Home Depot announced it’s $11.1 billion strategic plan in December. To reach those goals it needs new hires skilled in advanced software engineering, system engineering, UX design and product management, the company said.
Job Gains
Labor Market and Career Information 10
KEY INDICATORS
Total Nonag Annual Employment Growth(Seasonally Adjusted)
This Federal/State cooperative program produces estimates drawn from a monthly survey of nonfarm business establishments used to collect wage and salary employment, worker hours and payroll by industry and area. It counts the number of jobs, not of people.
Nonagricultural Jobs - The total number of persons on establishment payrolls employed full or part time. Persons on the payroll of more than one establishment are counted in each. Data exclude proprietors, self-employed, unpaid family or volunteer workers, farm workers, and domestic workers. Government employment only covers civilian employees.
Actual or Not Seasonally Adjusted - Describes the data series not subject to the seasonal adjustment process. In other words, the effects of regular, or seasonal, patterns have not been removed from these series.
Seasonally Adjusted - The effects of regular, or seasonal, patterns of hiring or layoffs (holidays, weather, etc.) have been removed from these series. These adjustments make it easier to observe the cyclical and other non-seasonal movements in a data series.
LOCAL AREA UNEMPLOYMENT STATISTICS
This Federal/State cooperative program produces employment and unemployment estimates by place of residence.
Employed - All persons 16 years and over who, during the reference week, (a) did any work at all (at least 1 hour) as paid employees, worked on their own business, profession, or on their own farm, or worked 15 hours or more as unpaid family workers, or (b) were not working but who had jobs from which they were temporarily absent. Each employed person is counted only once, even if the person holds more than one job.
Unemployed - All persons aged 16 years and over who had no employment, were available for work, and had made specific efforts to find employment. Includes persons who were waiting to be recalled to jobs from which they had been laid off.
Civilian Labor Force (CLF) - All persons classified as employed or unemployed.
Unemployment Rate - The unemployed number divided by the civilian labor force number.
HELP WANTED ONLINE
The Conference Board's data series provides monthly measures of labor demand (advertised vacancies) at the national, regional, state, and metropolitan area levels.
Supply-Demand rate - A ratio measuring the number of unemployed persons per Help Wanted Online job opening.
INDICATORS
Initial Claims - A count of notices of unemployment received requesting a determination of eligibility for UI benefits. A person can file multiple claims.
Continued Claims - A count of claimants who have qualified for and are receiving UI benefits.
Consumer Price Index - An index of the variation in prices paid by typical consumers for retail goods and other items.
MISCELLANEOUS
Metropolitan Division (MD) - A Metropolitan Statistical Area with a population of 2.5 million which is subdivided into smaller groupings is referred to as Metropolitan Divisions (MDs).
Metropolitan Statistical Area (MSA) - A geographic area that contains at least one urbanized center of 50,000 or more population plus adjacent territory that has a high degree of social and economic integration with the core urban location. An MSA in Texas is made up of one or more counties.
Metro Area - Can refer either to a Metropolitan Statisical Area or a Metropolitan Division. Texas has 25 MSAs, including the Dallas-Fort Worth-Arlington MSA which is subdivided into two MDs.
Workforce Development Area (WDA) - The State of Texas is divided into twenty-eight (28) local workforce development areas.
LMCI Director: Doyle Fuchs
Editor: Mariana Vega
Layout and Design: Mark Lavergne
TLMR Contributors:Phil Arnold, Gabriel Guzman, Robert Luttner, Josue Perez, Emmanuel Tomes, Mark Lavergne
Another quality product fromTexas Workforce Commission
Labor Market and Career Information101 East 15th Street, Room 0252