Based on the most recent “Monthly Review of the Texas Economy”, provided by Real Estate Center of Texas A&M. Texas, aided by a robust private sector, gained 225,200 nonfarm jobs from June 2010 to June 2011, an annual growth rate of 2.2 percent compared with 0.9 percent for the United States. The state’s private sector added 251,900 jobs, an annual growth rate of 3% percent compared with 1.7% for the nation’s private sector.
Texas’ seasonally adjusted unemployment rate increased to 8.2 percent in June 2011 from 8.1 in June 2010. The nation’s rate decreased from 9.5 to 9.2 percent.
The state’s mining and logging industry ranked first in job creation and posted an annual employment growth rate of 16.8 percent from June 2010 to June 2011.
The state’s construction industry ranked second in job creation, adding 30,900 jobs from
June 2010 to June 2011, a 5.4 percent rate increase
The state’s professional and business services industry gained 57,200 jobs from June
2010 to June 2011, an annual growth rate of 4.5 percent
Texas Metropolitan Statistical Areas
Five Texas metro areas (Killeen-Temple-Fort Hood, Wichita Falls, San Angelo,
Brownsville-Harlingen and Abilene) had fewer jobs in June 2011 than in June 2010. Longview ranked first in job creation, followed by Odessa, Dallas-Plano-Irving, Laredo, College Station-Bryan, Midland, and Corpus Christi.
The Austin-Round Rock-San Marcos metro area’s annual employment growth rate from
June 2010 to June 2011 was 1.2 percent, ranking it 16th.
Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts
Monday, August 15, 2011
Monday, June 1, 2009
The Austin Economy
When the Texas Legislature adjourns next week, this is certain: Texas will have a balanced budget with no tax increases and there will a big increase in its Rainy Day Fund “savings account.” Look around you. No other major state can make those claims.
Members of the Texas House and Senate will leave Austin this week after adjourning 06/01/09. They will not re-convene in Austin in regular session until January 2011. Many of them will watch other states raise taxes, cut their budgets and plea with Washington for help.
The release last Friday of the April 2009 workforce numbers show that Austin’s net job gain was 0.4% over April 2008, while Texas job totals are down 1.6% and nationally, the comparative numbers show a 3.8% loss. In pure numbers, the Austin metro gained 3,400 jobs.
An analysis by Beverly Kerr, VP/Research for the Austin Chamber, shows that Austin’s April-over-April net gain in jobs is due to a 3,900 gain in the government sector that compensated for 500 jobs lost in private industry.
Admittedly the increase in jobs in the Austin metro is small and the number of unemployed is higher than a year ago. But, hey, it’s the best job situation in the nation. Given this, an examination of how this has occurred is timely.
Which Austin private sector segments are losing the most jobs? Kerr said the highest rate of losses occurred in these three categories: natural resources and construction, manufacturing and wholesale trade.
Source: Volume 31, Number 9 of The Neal Spelce Austin Letter
Members of the Texas House and Senate will leave Austin this week after adjourning 06/01/09. They will not re-convene in Austin in regular session until January 2011. Many of them will watch other states raise taxes, cut their budgets and plea with Washington for help.
The release last Friday of the April 2009 workforce numbers show that Austin’s net job gain was 0.4% over April 2008, while Texas job totals are down 1.6% and nationally, the comparative numbers show a 3.8% loss. In pure numbers, the Austin metro gained 3,400 jobs.
An analysis by Beverly Kerr, VP/Research for the Austin Chamber, shows that Austin’s April-over-April net gain in jobs is due to a 3,900 gain in the government sector that compensated for 500 jobs lost in private industry.
Admittedly the increase in jobs in the Austin metro is small and the number of unemployed is higher than a year ago. But, hey, it’s the best job situation in the nation. Given this, an examination of how this has occurred is timely.
Which Austin private sector segments are losing the most jobs? Kerr said the highest rate of losses occurred in these three categories: natural resources and construction, manufacturing and wholesale trade.
Source: Volume 31, Number 9 of The Neal Spelce Austin Letter
Wednesday, May 13, 2009
Forbes ranks Austin No. 8 on best places for biz list
Forbes.com ranks Austin the 8th best place for business and care-ers in its latest list.
Texas' Capital City rose significantly from 47th on last year's list. Austin was behind cities such as No. 1 Raleigh, N.C. And No. 4 Fayetteville, Ark. The list was ranked according to factors such as cost of doing business and projected employment growth.
Forbes.com cited Austin's projected annual job growth rate of 2.3 percent--the fifth fastest in the country, and its relatively low sub-prime mortgage exposure.
For its reporting on Austin, Forbes.com spoke with the Charles Schwab Corp., which expanded its Austin presence in 2007 when it purchased the 401(k) Co. "The city of Austin is extremely business-friendly. They have bent over backwards to accommodate us," Glenn Cooper, head of real estate at Schwab, told the news site.
The top 10 cities on the list were as follows:
Raleigh, N.C.
Fort Collins, Colo.
Durham, N.C.
Fayetteville, Ark.
Lincoln, Neb.
Asheville, N.C.
Des Moines, Iowa
Austin, Texas
Boise, Idaho
Colorado Springs, Colo.
"Source: Austin Business Journal; Friday, March 27, 2009 "
Texas' Capital City rose significantly from 47th on last year's list. Austin was behind cities such as No. 1 Raleigh, N.C. And No. 4 Fayetteville, Ark. The list was ranked according to factors such as cost of doing business and projected employment growth.
Forbes.com cited Austin's projected annual job growth rate of 2.3 percent--the fifth fastest in the country, and its relatively low sub-prime mortgage exposure.
For its reporting on Austin, Forbes.com spoke with the Charles Schwab Corp., which expanded its Austin presence in 2007 when it purchased the 401(k) Co. "The city of Austin is extremely business-friendly. They have bent over backwards to accommodate us," Glenn Cooper, head of real estate at Schwab, told the news site.
The top 10 cities on the list were as follows:
Raleigh, N.C.
Fort Collins, Colo.
Durham, N.C.
Fayetteville, Ark.
Lincoln, Neb.
Asheville, N.C.
Des Moines, Iowa
Austin, Texas
Boise, Idaho
Colorado Springs, Colo.
"Source: Austin Business Journal; Friday, March 27, 2009 "
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