Labor Market Intelligence
Labor Market Intelligence Update
The June 2018 unemployment rate for the Coastal Bend region increased slightly to 5.5% over the month. However, this is the lowest unemployment rate for the month of June since 2008 during the Eagle Ford Shale oil boom. Unemployment in the Coastal Bend region increased 0.6% from 4.9% in May 2018. This can be attributed to the cyclical nature of employment in the region as it relates to the Government and Education Industries in our region.
Leisure and Hospitality Industry Sector added another 400 jobs for the third straight month in the Corpus Christi Metropolitan Statistical Area (MSA). While summer months normally experience increases in the Leisure and Hospitality Industry, the MSA is still down from June 2017 due to the after-effects of Hurricane Harvey. Rebuilding in the coastal areas of our region continues as hotels, restaurants and other establishments that anchor tourism in the Coastal Bend region bounce back to pre-Harvey numbers.
Over 5,800 jobs are currently available in WorkInTexas.com for the Coastal Bend region. Occupations such as concrete finishers, cement masons, pipefitters, and welders remain in high demand and available for hire at WorkInTexas.com. With current and future projects, these occupations will continue to be in-demand with competitive salaries.
If you are looking for work or workers, please call 361-882-7491 or 1-888-860-JOBS (5627) 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.
Workforce Snapshot – June 2018
5.5% Regional Unemployment Rate
2,046 WorkInTexas.com Total Job Postings
5,818 WorkInTexas.com Total Job Openings
2,267 WorkInTexas.com Active Employers
4,413 Job Seekers Served
36 Hired through WorkInTexas.com
803 WorkInTexas.com Active Veterans
1,711 Families Served – Employment-Related Child Care Assistance
2,875 Children Attended a State Licensed Child Care Center
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 to the public.
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.
CORPUS CHRISTI – Workforce Solutions of the Coastal Bend (WFSCB) will host its 4th Annual “Back To School” Teachers Fair from 8:00 a.m. to 5:00 p.m. on Saturday, August 19, 2017 at the Congressman Solomon P. Ortiz International Center located at 402 Harbor Drive in...read more
Workforce Solutions of the Coastal Bend (WFSCB) is assisting workers displaced as a result of the disaster through mobile workforce units, employer assistance, and partnering with community-based organizations to provide relief workers. A $1.6 million National...read more