Labor Market Intelligence
The Coastal Bend and Corpus Christi MSA not-seasonally-adjusted unemployment rate for October fell -.2% to 4.9% and 4.8% respectively for the month, a -1.5% decrease from October of 2021. The seasonally adjusted rate in Texas remained unchanged in October at 3.8%.
The year-over-year rate change resulted in a 3,038 increase in the number employed in the Coastal Bend region.
Nine of 11 Coastal Bend counties saw a month-over-month decrease in unemployment. San Patricio County had the largest drop in unemployment (-.5%) to 5.7%.
The Corpus Christi MSA employment by industry has grown 3.5% from October 2021, with the Professional & Business Services (6.5%) and Education & Health Services (5.2%) as the largest industry sector change over the year.
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Labor Market Information Definitions
Not Seasonally Adjusted (Actual) – Data has not been subjected to the seasonal adjustment process. In other words, the effects of regular or seasonal patterns have not been removed from these series. Not seasonally adjusted data is available for smaller geographies, where seasonally adjusted is only available down to the state level. Use this data to view raw numbers, and for geographies smaller than state level.
Seasonally Adjusted – Total employment and unemployment vary throughout the year. For example, higher unemployment in January and February isn’t uncommon because of work in agriculture, construction and other seasonal industries slowing down. Also, both employment and unemployment rise every June, when students enter the labor force in search of summer jobs. Seasonally adjusted numbers also take into account seasonal hiring/layoff patterns that go along with winter and summer holidays. Use this data for month-to-month comparisons for Texas and the United States.
Labor Force – Residents who are at least 16 years old, not serving in the military or institutionalized, and employed or seeking employment.
The targeted occupations list is developed by Workforce Solutions of the Coastal Bend for the most effective use of local workforce development resources. Sources of information for the target list are local area employers, economic development entities, chambers of commerce, community partners, Texas Workforce Commission labor market information regarding the Coastal Bend Counties, and knowledge gained from continuous contact with the above sources.
Workforce Solutions of the Coastal Bend’s Strategic Business Plan 2021-2025 has been updated to comply with Workforce Innovation and Opportunity Act (WIOA) regulations. The final draft has been approved by the Texas Workforce Commission.
Written comments were submitted electronically to email@example.com, delivered via mail or in-person to the Board Administrative offices to Amy Kiddy Villarreal, Chief Operating Officer at 400 Mann St. Suite 800, Corpus Christi TX 78401
Two Virtual Public meetings were held on Friday, February 19, 2021, at 4:00 p.m. and Wednesday, February 24, 2021, at 10:00 am on Zoom.
Local Labor Market Information
The Texas Workforce Commission collects information from Unemployment Insurance claims coupled with data from the Current Employment Statistics Program and data from other sources to produce estimates of total employment, unemployment, and unemployment rates for the 27 Metropolitan Statistical Areas, and all 254 counties in the state.
Each month, the Local Area Labor Market Information (LMI) is distributed to the Coastal Bend community. These rates are provided to a wide variety of users both inside and outside government and are used as a basic allocator for federal funding in many programs.
Check out the latest Local Labor Market Information (LMI) for the Coastal Bend.