Labor Market Intelligence
According to the latest employment statistics, the Coastal Bend regional unemployment rate increased 0.2 percent to 4.3% for the month of December 2019. This rate, however, is 0.2 percent lower from this time last year.
The Corpus Christi Metropolitan Statistical Area (MSA) unemployment rate also increased slightly by 0.2 percent over the month.
Five of the 11 Coastal Bend counties experienced increases over the month with Aransas and Kenedy counties remaining unchanged over the month. All 11 counties decreased or remained unchanged year-over-year.
Even though the unemployment rate increased over the month in the Coastal Bend region, there are over 2,300 more workers employed in the region from a year ago. This trend should continue as the demand for skilled workers in the Health Care Industry continues to grow. Over 1,200 jobs are currently available in the Health Care Industry alone in WorkInTexas.com. Registered Nurses and Licensed Vocational Nurses remain at the top of list of in-demand occupations currently for hire.
Over the year, Financial Activities grew by 4.8 percent followed by Leisure and Hospitality at 2.4 percent in the Corpus Christi Metropolitan Statistical Area (MSA).
If you are looking for work or workers, please call 361-882-7491 or visit WorkInTexas.com. To register, go to WorkInTexas.com.
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 were 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.
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