Labor Market Intelligence

 
 
 

 

February 2023 LMI

Regional Employment Trends  

Unemployment Rates 

The Coastal Bend’s unemployment rate decreased over the year from 5.7% in February 2022 to 5.2% (-0.5%) in February 2023, according to figures released today by the Texas Workforce Commission.  

The Coastal Bend Region increased by 0.1% month-over-month. Nine of the 11-county region saw an increase in unemployment rates over the month. Refugio County saw a decrease of (-0.2%), and San Patricio County remained the same at 5.7%.

The 5.2% unemployment rate in the eleven-county Workforce Solutions Coastal Bend area represented 245,939 employed residents (+3,665 from January 2023) and 13,581 residents seeking employment. There are currently 16,415 online job postings across all industries in the region.  

Texas’s unemployment rate for February is 4.5%, an increase of (+0.3%) since January 2023 and the national unemployment rate remained the same at 3.9%.

Employment Statistics  

Gains in employment by industry and weekly wages continue to be made by quarter and over the year for the Coastal Bend and Corpus Christi MSA. Construction (+7.5%), Financial Activities (+5.8%), and Professional and Business Services (+4.6%) industries saw the most significant growth in jobs year-over-year in the region. In the Corpus Christi MSA, Financial Activities (+9.5%), Manufacturing (+7.4%), and Leisure & Hospitality (+7.4%) experienced the greatest growth in 2022.   

Job Openings  

Job seekers in the Coastal Bend currently have 16,415 job options on the open market today.  Health Care and Social Assistance (2,444), Educational Services (1,573) Retail Trade (1,176), and Accommodation and Food Services (1,591) industries currently have the greatest number of job openings in the region. Register in WorkinTexas.com today! 

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.

  Download Targeted Occupations List 2019-2021 (PDF)

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.

Strategic Business Plan 2021-2025

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 amy.villarreal@workforcesolutionscb.org, 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.

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