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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,.

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The changing face of the texas labor market

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

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 one-handed economist.


Is it a recovery or an expansion is the difference economic or a crisis in confidence

Excess bank reserves

Is it a recovery or an expansion? Is the difference economic or a crisis in confidence?

European debt crisis

Volatile stock market

Consistently higher energy prices

Inflation

U.S. Debt Crisis

Mortgages “underwater”

Persistently high unemployment





Consumerand Business Confidence remains low

Iraq War

Hurricane Katrina

Debt Ceiling Debate?

Great Recession


Is the economic glass half full or half empty
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





Texas Population Change 2000-10

Where Texans Live

Where Texans have moved



Tough competition generational employment in texas 2000 2010
Tough Competition: Generational Employment in Texas 2000 - 2010


How many millenials does it take to screw in a light bulb
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
Texas Labor Market Statistics (SA)Local Area Unemployment Statistics (LAUS)



Regional job growth rates big 10 texas metro areas 4 th quarter to 4 th quarter
Regional Job Growth RatesBig 10 Texas metro areas – 4th Quarter to 4th Quarter

Source: Quarterly Census of Employment and Wages, Texas Workforce Commission





Eagle Ford Shale: 24 county region

$1.3 billion in gross state product, $2.9 total output

$511 million in salaries (2010)

Supports 12,601 jobs

$108 million in tax revenues

2,828 drilling permits issued through 2011


Quits are up layoffs are flat implications
Quits are up. Layoffs are Flat. Implications?

Quits

Layoffs





Where the job postings are located
Where The Job Postings Are Located?

Based on Job Postings listed online for previous 90 days as Feb. 20, 2012, compiled by Wanted Analytics and the Conference Board for TWC





Emerging markets in a global economy percent of 2009 revenue outside u s

YUM Brands53.0%

Du Pont 62.4%

IBM 58.1%

Boeing 42.2%

Intel80.0%

Coca Cola73.5%

Corning 75.6%

Emerson Electric56.8%

Accenture 56.4%

Microsoft43.4%

Hewlett-Packard 63.9%

Wal-Mart 36.2%

JNJ50.2%

Caterpillar 61.8%

Colgate80.0%

ExxonMobil 81.8%

Campbell Soup26.1%

Kellogg 26.8%

3M Corporation63.2%

UPS 26.3%

Emerging Markets in a Global Economy:Percent of 2009 Revenue Outside U.S.



Employer hiring progression shifting business practices
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

Regional employers say they want

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)

Can-do attitude / pleasant attitude (workers who are “engaged” in their work)

Can you work with people who are of a different age, race, gender and education level than you?


Getting a Job is a Function of

Skill & Will

Will

Soft Skills

Skills

Distill


Will

Soft Skills

SkillsStrong academics

High School diploma Post secondary schooling

Appropriate technical skills

Distill


Will

Soft SkillsWorkplace Basics!

Communication skills Getting along with others

Critical thinking

Skills

Distill


Will

Soft Skills

Skills

DistillOn the Job Training Informal learning

Continuing education

Career Lattice


Will willing to take a job at lower level for a lesser wage in a different region
WillWilling to take a job: At lower level For a lesser wage In a different region

Soft Skills

Skills

Distill


Will willing to take a job at lower level for a lesser wage in a different region1
WillWilling to take a job: At lower level For a lesser wage In a different region

Soft SkillsWorkplace Basics!

Communication skills Getting along with others

Critical thinking

Skills Strong academics

High School diploma Post secondary schooling

Appropriate technical skills

DistillOn the Job Training Informal learning

Continuing educationCareer Lattice




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