Transcript Slide 1
The Changing Face of the Texas Labor Market Labor Market & Career Information (LMCI) Texas Workforce Commission [email protected] (512) 936-3105 Harry Truman is purported to have said, All my economists say, “on the one, or on the other hand”…what I really need is a onehanded economist. Is it a recovery or an expansion? Is the difference economic or a crisis in confidence? Corporate profits are up, but not payments to workers Consumers are staying in cash Disposable Personal Income is Flat Consumer and Business Confidence remains low Iraq War Hurricane Katrina Debt Ceiling Debate? Great Recession Is the Economic Glass Half Full? or Half Empty? • Unemployment rate falling • More sectors contribute to job growth • Corporations cash-rich • 31 months of job growth • Spending is up, consumers lowering debt burden • Consumer confidence is improving • House prices near bottom? • UI initial claims are down • Real estate, construction and govt. still reeling • European debt/bank crisis still looming • Slowing global GDP? • Energy/gas prices? • Lack of confidence in demand, political system • Still tight lending standards & terms • Net worth down$9.4 tril from peak Fight of the Century: Keynes vs. Hayek 9 The global labor market is very messy Comparative Total Population Change in Texas 2000-2010 2000 Population 2010 Population United States 281,421,906 308,745,538 27,323,632 Texas California Florida Georgia North Carolina Arizona 20,851,820 33,871,648 15,982,378 8,186,453 8,049,313 5,130,632 25,145,561 37,253,956 18,801,310 9,687,653 9,535,483 6,392,017 ABS CHG 2000-10 PCT CHG 2000-10 4,293,741 3,382,308 2,818,932 1,501,200 1,486,170 1,261,385 9.7% 20.6% 10.0% 17.6% 18.3% 18.5% 24.6% Decennial census counts for April 1, 2000 and April 1, 2010 12 Where Texans Live Number of People 82 - 9,999 10,000 - 24,999 Where Texans have moved Percent Change -21% - -10.1% -10% - -0.1% 25,000 - 99,999 0% - 24.9% 100,000 - 999,999 25% - 54.9% 1,000,000 - 4,092,459 55% - 81.8% Texas becomes more Hispanic Tough Competition: Generational Employment in Texas 2000 - 2010 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2000 2001 2002 Baby Boomers 2003 2004 2005 2006 Generation X 2007 2008 2009 Millennials 2010 How many Millenials does it take to screw in a light bulb? 1. One to the instructions 2. One to post the instructions on the wall of their page 3. One to post the video of their work showing collaboration One Baby Boomer to tell them what a terrific, wonderful, spectacular job they did with the light bulb Texas Labor Market Statistics (SA) Local Area Unemployment Statistics (LAUS) April 2012 Mar 2012 April 2011 Texas Labor Force (+141,000 YOY) 12.568 Mil 12.539 Mil 12.427 Mil Texas Unemployed (-130,000 YOY) 862,900 881,000 992,900 6.9% 7.0% 8.0% Texas U Rate U.S. Labor Force (+945,000 YOY) 154.365 Mil 154.707 Mil 153.420 Mil U.S. Unemployed (-1,292,000 YOY) 12,500,000 U.S. Urate 8.1% 12,673,000 13,792,000 8.2% 9.0% Declining Rates of Workforce Participation LFPR E/P Regional Job Growth Rates Big 10 Texas metro areas – 4th Quarter to 4th Quarter Metro area 2007 2008 2009 2010 2011 Austin-Round Rock +4.9% -0.01% -3.0% +3.1% +3.3% Beaumont-Port Arthur Corpus Christi Dallas-Fort Worth +1.2% +1.7% +1.7% -0.5% +2.8% +1.4% +2.5% -0.01% -6.0% -0.6% -3.9% -4.5% +1.9% +1.9% +0.7% +1.7% +1.2% +0.3% +1.9% +2.3% El Paso Houston-Baytown +3.0% +4.4% +0.1% +1.1% -1.7% -3.9% +2.2% +1.7% +2.4% +2.8% McAllen-Edinburg San Antonio Victoria +3.2% +2.1% +0.4% +1.6% +1.0% -0.2% -0.8% -2.1% -5.4% +1.6% +1.7% +1.9% +1.6% +1.9% +2.4% Brownsville-Harlingen Source: Quarterly Census of Employment and Wages, Texas Workforce Commission Texas Total Nonagricultural Employment (Statewide, Seasonally Adjusted) 10,800,000 10,600,000 10,400,000 10,200,000 10,000,000 9,800,000 9,600,000 9,400,000 9,200,000 Texas 2000-2011 3rd Quarter Wages $14,000 $12,109.50 $11,043.50 $12,000 $9,976.72 $10,000 $8,543.28 $8,807.83 $8,680.90 $8,000 $6,000 $4,000 $2,000 $0 $9,329.72 $9,017.34 $10,732.22 $10,222.32 $11,391.83 $10,978.37 Texas Goods producing Industries Employment Index 1995-2012 180 170 Mining 160 150 Construction 140 130 120 110 100 90 80 Total Nonagricultural Government Manufacturing Texas Industry Growth March 2011-12 YOY NAICS Industry March 2012 ABS CHG Yearly % Total Nonfarm 10,741,700 245,700 2.3% Total Private Sector 8,960,100 300,600 3.5% Goods producing 1,677,200 65,000 4.0% Service-providing 8,686,300 180,700 2.0% Trade, Transportation, and Utilities 2,143,400 54,900 2.6% Professional and Business Services 1,373,900 51,000 3.9% Leisure and Hospitality 1,084,400 49,900 4.8% Educational and Health Services 1,454,600 47,500 3.4% Mining and Logging 261,900 36,400 16.1% Manufacturing 850,400 23,700 2.9% Financial Activities 652,100 16,400 2.6% Other Services 378,200 14,300 3.9% Construction 564,900 4,900 0.9% Information 196,300 1,600 0.8% Government 1,781,600 -54,900 -3.0% Eagle Ford Shale: 24 county region 1. $1.3 billion in gross state product, $2.9 total output 2. $511 million in salaries (2010) 3. Supports 12,601 jobs 4. $108 million in tax revenues 5. 2,828 drilling permits issued through 2011 Quits are up. Layoffs are Flat. Implications? Quits Layoffs Employees Per New Startup Firm in Texas 4.0 3.9 Average Number of Workers 3.8 3.7 3.6 3.5 3.4 3.3 3.2 3.1 3.0 Employees Per Startup Firm (Moving 4 Quarter Average) Texas New Hires 1stQTR2011 Texas New Hires from the Census Bureau LED Database 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Industry (NAICS subsector code) Food Services and Drinking Places (722) Administrative and Support Services (561) Ambulatory Health Care Services (621) Professional, Scientific, and Technical Services (541) Specialty Trade Contractors (238) General Merchandise Stores (452) Nursing and Residential Care Facilities (623) Credit Intermediation and Related Activities (522) Merchant Wholesalers, Durable Goods (423) Food and Beverage Stores (445) Hospitals (622) Clothing and Clothing Accessories Stores (448) Social Assistance and Child Care(624) Support Activities for Mining (213) Construction of Buildings (236) New Hires New Hires (2011 Q1) (2010 Q1) 646,697 85,211 68,810 48,226 42,418 20,265 24,710 16,905 16,110 14,946 14,740 15,202 18,074 12,438 12,873 9,407 564,799 76,519 60,743 45,319 36,379 19,413 21,264 16,192 15,245 11,255 14,002 14,690 15,995 11,397 6,969 8,965 Growth Occupations (most jobs) for Texas for 2008-2018 Type of Job 1. Fast Food Prep Worker Annual Decade Openings Growth Rate Required education/training 7,845 42% Short-term On Job Training 2. Elementary School Teacher 6,110 39% Bachelor’s degree 3. Retail Salesperson 5,430 15% Moderate On Job Training 4. Registered Nurse 5,365 32% Associate’s degree 5. Home Health Aide 5,105 55% Short-term On Job Training 6. Customer Service Rep 5,005 23% Moderate On Job Training 7. Waitress/Waiter 4,530 24% Short-term On Job Training 8. Personal & Home Care Aide 4,400 47% Short-term On Job Training 9. Office Clerk 3,960 17% Short-term On Job Training 10. Cashier 3,690 13% Short-term On Job Training 11. Secondary School Teacher 3,105 31% Bachelor’s degree 12. Construction Worker 3,090 22% Moderate On Job Training Fastest Growing Texas Occupations 2018 - Projected Growth Occupations 2009 Education preferred Salary 1. Biomedical Engineers 2. Home Health Aides 3. Network Systems & Data Communications Analysts Bachelor's degree Short-term OJT $66,729 $18,849 Bachelor's degree $76,420 4. Petroleum Engineers 5. Athletic Trainers Bachelor's degree $126,241 Bachelor's degree $45,873 6. Personal & Home Care Aides 7. Electrical & Electronics Repairers, Powerhouse, Substation & Relay Short-term OJT Postsecondary vocational training $16,211 8. Financial Examiners 9. Medical Scientists Bachelor's degree Doctoral degree $76,359 $64,386 10. Special Education Teachers Bachelor's degree $49,856 $55,250 Expected Growth Occupations in STEM in Texas 2008-2018 Pay Range Type of Job Minimum Required 1. Registered Nurse 2. Accountant/Auditor 3. Computer Systems Analyst 4. Computer Support Specialist 5. Software Engineer 6. Computer Programmer 7. Financial Manager 8. Computer Network Admin 9. Civil Engineer 10. Pharmacy Technician 11. Medical Manager 12. Financial Analyst 13. Pharmacist Associate’s degree $48,000 - $75,000 Bachelor’s degree $40,000 - $82,000 Bachelor’s degree $50,000 - $97,000 Associate’s degree $31,000 - $62,000 Bachelor’s degree $62,000 - $113,000 Bachelor’s degree $45,000 - $97,000 Bachelor’s degree $63,000 - $138,000 Bachelor’s degree $44,000 - $82,000 Bachelor’s degree $53,000 - $107,000 Moderate training $23,000 - $34,000 Master’s degree $53,000 - $109,000 Bachelor’s degree $47,000 - $96,000 Master’s degree $90,000 - $122,000 Texas Job Posting Activity: The Conference Board HWOL No. of Job Ads 350,000 No. Unemployed 1,200,000 332,616 300,000 1,000,000 250,000 800,000 200,000 600,000 150,000 400,000 200,000 0 100,000 Unemployment HWOL 50,000 0 Where The Job Postings Are Located? Metro Area Dallas-Fort Worth Houston-Sugar Land San Antonio Austin-Round Rock El Paso Corpus Christi Killeen-Temple McAllen-Edinburg Tyler Lubbock Postings 166,078 129,406 55,978 53,225 12,264 9,831 7,885 7,053 6,626 6,559 Metro Area Odessa Waco Beaumont Midland Amarillo College Station Longview Abilene Brownsville Laredo Postings 5,301 5,280 5,274 4,835 4,742 4,519 3,796 3,776 3,503 2,877 Based on Job Postings listed online for previous 90 days as Feb. 20, 2012, compiled by Wanted Analytics and the Conference Board for TWC Texas HWOL Job Postings Last 90 Days April 2012 Occupational Title Postings Preferred education 1. Registered Nurse 30,836 Associate’s/Bachelors 2. Truck Driver (heavy/tractor trailer) 18,497 Short term OJT 3. Retail Salesperson 15,803 Short term OJT 4. Computer Systems Analyst 15,574 Bachelor’s degree 5. Manager of Retail Workers 14,919 Related Work Experience 6. Customer Service Representative 12,674 Moderate OJT 7. Web Developer 12,598 Associate’s degree 8. Computer Support Specialist 11,776 Associate’s degree 9. Manager of Food Prep Workers 10,721 Related Work Experience 10. Accountant 9,825 Bachelor’s degree 11. Non-technical Sales Rep, WH & Man 9,627 Related Work Experience 12. Network/Computer Systems Admin 9,613 Bachelor’s degree 13. Secretary/Admin Assistant 9,510 Moderate OJT Jobs Titles That Didn’t Exist Just 5 Years Ago Job Title Job Title 1. App Developer 11. Content Developer/Manager 2. Market Researcher Data Miner 12. Product Blogger 3. Educational Admissions Consultant 13. Disaster Recovery IT Manager 4. User Experience Designer 14. Cyborg Anthropologist 5. Social Media Manager 15. Interior Redesigner 6. Chief Listening Officer 16. Chief Sustainability Officer 7. Cloud Computing Operations Manager 17. Energy Manager 8. Elder Care Services Consultant 18. Senior Citizen Move Manager 9. Search Engine Optimization Manager 19. Patient Advocate 10. Millennial Generation Consultant 20. Online Reputation Manager Source: Forbes magazine and Monster.com Education Mismatch: Texas Unemployed vs. Job Postings Doctoral Degree 0.6% .8% Professional Degree 0.3% 1.6% Masters Degree 0.9% 3.6% Bachelor’s + Work Experience 3.4% Bachelor’s Degree 8.5% 22.7% Associate’s Degree 2.0% 10.0% Post-secondary Vocational 4.0% 9.3% Job related work experience 5.4% 9.2% 6.2% 4.4% Medium-term On The Job training 22.4% 15.4% Short-term On The Job training 46.3% 15.3% Long-term On The Job training Source: Help Wanted On Line listings for Texas and Texas Workforce Commission listings for Work In Texas database 47% HWOL 2011 Postings 84% 2011 WIT Job Applicants Education Requirement 7.8% Highest Earning College Programs 2010 Summary Bachelor’s Degree Graduate Major (TX) Engineering Health Professions & Related Clinical Sciences Engineering Technologies/Technicians Computer & Information Sciences Business, Management & Marketing Mathematics and Statistics Multi/Interdisciplinary Studies Physical Sciences Liberal Arts & Sciences/Humanities Teacher Education & Development /Special Ed Agriculture & Agriculture Operations Unknown or Undeclared Public Administration & Social Service Security & Protective Services Social Sciences Grads Earnings 4,554 $51,131 7,644 $50,813 951 $46,075 1,356 $44,408 21,153 $36,261 914 $33,296 10,082 $31,888 1,103 $30,828 2,359 $30,074 1,505 $29,594 1,804 $28,195 2,247 $27,812 1,174 $27,456 2,783 $27,039 6,227 $26,795 Highest Earning College Programs 2010 Detail View Bachelor’s Degree Graduate Major (TX) Petroleum Engineering Quality Control/Safety Technology Chemical Engineering Ocean Engineering Registered Nursing, Nursing Administration Electrical & Electronic Engineering Mechanical Engineering Construction Engineering Health Diagnostic & Treatment Professions Engineering Science Computer Systems Networking/Telecomm Computer Engineering, General Engineering, General Computer Systems Analysis Information Technology Admin & Mgmt Grads Earnings 271 $84,961 30 $61,113 405 $60,791 71 $59,411 4,745 $59,359 111 $55,332 1,224 $53,307 54 $50,594 375 $49,202 29 $48,601 26 $48,411 189 $47,815 41 $47,751 114 $47,747 64 $47,524 Lowest Earning College Programs 2010 Detail View Bachelor’s Degree Graduate Major (TX) Pastoral Counseling & Specialized Ministries Germanic Languages & Literature Film/Video and Photographic Arts Dramatic/Theatre Arts & Stagecraft Classical Languages, Literatures & Linguistics English Composition Religious Education Ecology, Evolution and Population Biology Anthropology Radio, Television & Digital Communication Health/Medical Preparatory Programs Parks & Recreation Facilities Management Bible/Biblical Studies Zoology/Animal Biology Fine and Studio Art Grads Earnings 60 $15,205 46 $17,444 142 $17,619 529 $18,304 35 $18,342 44 $19,903 56 $20,122 87 $20,156 460 $20,310 983 $20,413 93 $20,547 139 $20,558 55 $20,860 102 $21,372 1,347 $21,464 Highest Earning Associate’s Degree Programs 2010 Associate’s Degree Graduate Major (TX) Grads Earnings Fire Protection 157 $68,275 Nuclear Radiologic Technology 33 $63,908 Electrical & Power Transmission Installers 41 $55,835 Registered Nursing, Nursing Administration 5,203 $53,648 Mining and Petroleum Technology 24 $50,241 Physical Science Technology 457 $47,881 Electromechanical /Instrumentation Technology 397 $46,151 Quality Control & Safety Technology 133 $44,685 Chemistry 56 $44,599 Industrial Production Technology 97 $44,138 Construction Engineering Technology 45 $41,789 Mechanical Engineering Related Technology 29 $41,622 Precision Metal Working 138 $39,817 Electrical/Electronics Maintenance Technology 47 $37,500 Dental Support Services & Allied Professions 352 $37,371 Structural Mismatch: 2010 Graduates Grads Earnings Multi-/Interdisciplinary Studies, Other Business Administration, Mgmt & Operations Psychology, General Registered Nursing, Nursing Administration Biology, General Health and Physical Education/Fitness Finance & Financial Mgmt Services Accounting & Related Services Marketing Criminal Justice and Corrections English Language and Literature, General Liberal Arts, General Studies & Humanities History, General Political Science & Government Public Relations & Advertising 9,536 6,056 5,169 4,745 4,517 3,457 3,269 3,083 2,884 2,783 2,453 2,359 2,245 2,208 1,772 $32,132 $40,473 $22,613 $59,359 $21,737 $23,454 $37,160 $33,583 $31,693 $27,039 $23,124 $30,074 $24,016 $25,037 $27,579 Trends in U.S. Bachelor’s Degrees Awarded Emerging Markets in a Global Economy: Percent of 2009 Revenue Outside U.S. YUM Brands 53.0% Du Pont 62.4% IBM 58.1% Boeing 42.2% Intel 80.0% Coca Cola 73.5% Corning 75.6% Emerson Electric 56.8% Accenture 56.4% Microsoft 43.4% Hewlett-Packard 63.9% Wal-Mart 36.2% JNJ 50.2% Caterpillar 61.8% Colgate 80.0% ExxonMobil 81.8% Campbell Soup 26.1% Kellogg 26.8% 3M Corporation 63.2% UPS 26.3% Percent of Multinational Corporation Jobs Employed by U.S. Parent Company 76.0% 74.0% 72.0% 70.0% 73.5% 72.9% 72.3% 71.4% 72.5% 71.1% 70.8% 69.3% 68.0% 67.8% 66.0% 64.0% 62.0% 60.0% 58.0% 66.9% 64.7% U.S. jobs as a percent of all MNC jobs 64.0% Short-term Forecasted Job Growth by Region LWDA 2010 2011 2012 AVG 2009-12 Lower Rio Grande/Brownsville Travis County/Austin South Texas/McAllen Alamo/San Antonio Rural Capital/Round Rock Permian /Midland-Odessa Central Texas/ Killeen-Temple Upper Rio Grande/ El Paso Brazos Valley/ Bryan Heart of Texas/ Waco North Central Texas/Plano East Texas / Tyler 2.5 2.1 2.0 1.8 1.9 1.5 1.4 1.9 1.1 1.7 0.7 1.3 2.8 2.5 2.2 2.2 2.2 2.0 1.7 1.6 1.6 1.3 1.6 1.2 2.8 2.7 2.2 2.4 2.2 2.1 1.9 1.6 1.7 1.3 1.6 1.3 2.7% 2.4% 2.2% 2.1% 2.1% 1.9% 1.7% 1.7% 1.5% 1.4% 1.3% 1.3% Employer Hiring Progression: Shifting Business Practices • • • • • • • • • Work existing full-time workers more hours Move part-timers to full-time workers Employ temporary or leased workers Use contract workers for fixed periods Reconsider work/hiring location based on potential growth markets & cost structure Outsource all non-core business functions Consider strategic partnerships to increase sales, limit labor liability Take advantage of H1B and L1 visas Add full-time domestic employees (FTE) Percent Job Losses in Recessions 1990-2007 Optimistic Baseline Pessimistic Regional employers say they want… 1. Good communications skills: Can you….. Explain what you’re doing (to co-worker or customer)? Explain what you need (from a co-worker or customer)? Ability to listen to instructions? 2. Critical thinking skills (if given a sequence of events, can you determine what will probably happen next) 3. Technical knowledge (degrees needed for half of all job openings) 4. Can-do attitude / pleasant attitude (workers who are “engaged” in their work) 5. Can you work with people who are of a different age, race, gender and education level than you? Soft Skills Will Skills Distill Soft Skills Skills Strong academics High School diploma Post secondary schooling Appropriate technical skills Will Distill Soft Skills Workplace Basics! Communication skills Getting along with others Critical thinking Skills Will Distill Soft Skills Will Distill Skills On the Job Training Informal learning Continuing education Career Lattice Will Soft Skills Willing to take a job: At lower level For a lesser wage In a different region Skills Distill Soft Skills Workplace Basics! Communication skills Getting along with others Critical thinking Will Willing to take a job: At lower level For a lesser wage In a different region Skills Distill Strong academics High School diploma Post secondary schooling Appropriate technical skills On the Job Training Informal learning Continuing education Career Lattice Welcome to Reality Check 2011! There is much more story to tell, but this version is over Thank you! [email protected]