Labor Market Intelligence

 

Coastal Bend Employment Insights and Job Opportunities

January 2024 LMI

**Released January 19, 2023. Monthly releases cover prior month’s numbers**

Unemployment Rate

In today’s release by the Texas Workforce Commission for December 2023, the unemployment rate remained steady month-over-month at 3.9% from November 2023 to December 2023 for the Coastal Bend region. Among the 11 counties within the Coastal Bend region, eight counties saw a reduction in their unemployment rates over the same period.

Year-Over-Year Shifts

The December 2023 unemployment rate decreased (-0.3%) points when compared to December 2022. The decrease was noted in nine of the 11 counties of the Coastal Bend region during the same period. As of December 2023, the 3.9% unemployment rate in Coastal Bend region represented 11,107 residents actively seeking employment.

Comparison with State and National Trends

Texas and the national unemployment rate remained steady month-over-month at 3.5% from November 2023 to December 2023.

Texas Labor Market Reached Historic Highs in 2023

The Texas labor market reached historic highs in 2023, breaking records in employment growth and civilian labor force. In December, the state’s seasonally adjusted job count reached 14,103,300 jobs, an increase of 19,100 over the month-marking 27 consecutive months of new series employment highs.

Statewide, seven of 11 major industries in Texas achieved series highs. Trade, Transportation, and Utilities saw significant growth with 7,100 jobs added, while 6,800 jobs were added in Private Education and Health Services and Leisure and Hospitality, respectively.

Sectors Driving Growth

Both the Coastal Bend region and the Corpus Christi Metropolitan Statistical Area (MSA) displayed growth in diverse industries, weekly wages, and year-over-year employment statistics.
Within the Coastal Bend region, the Construction industry stood out with a 13.6% increase from the previous year. The Natural Resources and Mining industry experienced a 9.1% increase, followed by the Leisure and Hospitality industry which increased to 5.2% compared to December 2022.

In the Corpus Christi MSA, the Mining, Logging and Construction industry lead the growth rate with a 9.4% increase in 2022, followed by the Manufacturing industry with a 3.4% yearly change.

Resources

Job seekers in this region have access to *11,886 job openings spanning various sectors. To explore these job opportunities, individuals can register in WorkinTexas.com.

 

*Advertised jobs are spidered daily in real-time. Real-time advertised jobs are collected from employer corporate sites, hospitals, non-profits, local and federal government agencies, schools and universities, recruiter sites, newspapers, volunteer sites, and other public, private, and state job boards.

 

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 2022-2023 (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 Board Plan Header

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

 

 

Have A Workforce Professional Contact You!

Workforce Professionals are virtually available to assist you by phone, text, email, and online.
(361) 882-7491
info@workforcesolutionscb.org

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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