Labor Market Intelligence
Labor Market Intelligence Update
According to the latest employment statistics released by the Texas Workforce Commission, the Coastal Bend region’s unemployment rate decreased -0.5% for the month of March to 4.4% while also dropping -1.1% from this time last year.
The Corpus Christi Metropolitan Statistical Area (MSA) decreased to 4.4% unemployment rate.
10 of 11 Coastal Bend counties experienced decreases in their unemployment rates over both the month and the year. Brooks County’s unemployment rate increased by +.2% for the month of March to 5.9%.
There is good news for labor market enthusiasts. The Texas Workforce Commission (TWC) recently launched a new website that will make accessing the agency’s statistics easier. See the new site at www.TexasLMI.com for the latest Coastal Bend numbers in a user-friendly dashboard with intuitive navigation.
If you are looking for work or workers, please call 361-882-7491 or visit http://workintexas.com. If you do not already have an account with WorkInTexas.com, you can register at http://bit.ly/WIT_Register.
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.
Strategic Business Plan 2017 – 2020
Workforce Solutions of the Coastal Bend’s Strategic Business Plan 2017 – 2020 has been updated to comply with Workforce Innovation and Opportunity Act (WIOA) regulations and is available for public comment until noon Tuesday, March 5, 2019.
Public comments can be provided to Amy Kiddy Villarreal, Deputy Executive Director, by email at email@example.com.
Two public listening sessions will be held on Tuesday, February 26, 2019 at 10:00 a.m. at the Sunrise Career Center located at 5858 S.P.I.D., Suite 1 and 3:30 p.m. at the Staples Career Center located at 520 North Staples.
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.
Workforce Solutions of the Coastal Bend’s Strategic Business Plan 2017 – 2020 has been updated to comply with Workforce Innovation and Opportunity Act (WIOA) regulations and is available to the public. Click Here To Download Strategic Business Plan 2017 –...read more
Join the Texas Workforce Commission, Workforce Solutions of the Coastal Bend and Our Partners for the Statewide Hiring Red, White & You! Veterans Job Fair. Thursday, November 8th, 2018 9:00- 10:00 a.m. Veterans Priority entrance 10:00 a.m. - 2:00 p.m. Open to the...read more