Civilian Labor Force (CLF): The most recent civilian labor force estimates from TWC for Texas statewide in September 2014 is 13,044,241 which is an increase in the labor force of 162,375 persons since September 2013. This represents a 1.3 percent change in Texas during this time period. These estimates are not seasonally adjusted. Bexar County had a civilian labor force of 839,830 for September 2014 which was a change of 3,310 in CLF since September 2013. This change represented an increase of 0.4 percent for the study area. For another glimpse into TWC/LMI’s Texas and County information, link to:http://www.tracer2.com/cgi/dataanalysis/AreaSelection.asp?tableName=Labforce.
Economic Diversification: Relative to the Texas economy, the LMCI economic diversification index measures the degree to which a county economy is diversified. Significant concentrations of employment in only one or two industrial sectors makes an area less diversified and more susceptible to widespread economic decline should a key sector suffer a significant loss. While economic diversification or a balanced distribution of employment across all major industry sectors, is generally desirable, in some cases, especially where a region is exploiting a comparative advantage (such as access to raw materials, access to transportation routes, etc.) a statistically diverse economy does not necessarily correlate with higher growth. Of the three levels of diversification ranging from below average, average and above average, Bexar County had an economic base which is of average diversity.
Employment By Major Industry Sector: The most recent employment data from TWC by major industrial sector for Bexar County compared to Texas are shown below in a table for two years. The Department of Labor calls these major categories “Super Sectors”. One advantage in reviewing employment changes at broad industrial levels is that it allows for a unique snapshot of major differences in the total employment for a selected study area when compared to any larger statewide trend. When employment changes at a higher rate than the state, there may be comparative advantages in the local economy which are driving these changes. Conversely, when change is at a lower rate, then the Super Sector is showing less change in comparison to the state and may consequently have a smaller comparative change impact.
Compared to Texas, the table above shows employment sectors in Bexar County changed at a higher rate for Natural Resources & Mining, Construction, Trade, Transport. & Utilities and Public Administration between 1st quarter 2013 and 1st quarter 2014. During that same time period, area employment for Manufacturing, Information, Financial Activities Group, Prof., Business & Other Svcs, Education & Health Svcs., Leisure & Hospitality Group and Other Services changed at a lower rate when compared to Texas.
Quarterly Workforce Indicators: The Quarterly Workforce Indicators (QWI) are derived from state administrative records and basic demographic information from the Census Bureau through a program called Local Employment Dynamics. Employment totals from the QWI are not exactly comparable with those from other sources. Generally, coverage and definitions differ between the QWI and data about establishments from administrative records (e.g., the Quarterly Census of Employment and Wages or QCEW), and about workers from surveys (e.g., the decennial census, the American Community Survey, and the Current Population Survey or CPS.) More specifically, the QWI capture the complexity of workforce dynamics. Because the LED data from which the QWI are derived include all the jobs a worker holds in each quarter, multiple definitions of employment are possible (just as there are multiple definitions of unemployment). The definitions include: (1) All jobs held in a quarter, regardless of length of time the job is held (2) Jobs held at the beginning of a quarter (3) Jobs held at the end of a quarter and (4) Jobs held for a full quarter (the most stable measure of employment). For more information go to www.texasindustryprofiles.com/apps/led/QWI.asp.
Bexar Co. jobless rate shows increase to 4.2 percent Workforce Solutions Alamo releases July 2016 Job Report (August 19, 2016) San Antonio, Texas – Workforce Solutions Alamo released information today indicating that the Bexar County unemployment rate showed a slight increase to 4.2 percent for July, up from 3.9 percent in June.
Bexar County’s unemployment rate registered equal to the overall jobless rate of 4.2 percent for the 12-county Workforce Solutions Alamo area, which includes Atascosa, Bandera, Bexar, Comal, Frio, Gillespie, Guadalupe, Karnes, Kendall, Kerr, Medina and Wilson counties. Gillespie County registered the lowest unemployment rate amongst the counties at 3.2 percent while Atascosa County registered the highest rate at 5.9 percent.
Comparing the Workforce Solutions Alamo metro area to the state and nation, the Texas unadjusted (actual) unemployment rate increased to 5.1 percent in July. The nation’s unadjusted (actual) unemployment rate holds steady at 5.1 percent in July. Comparatively, the state and nation released seasonally adjusted unemployment rates with Texas at 4.6 percent in July while the nation’s unemployment rate held steady at 4.9 percent.
The mission of Workforce Solutions Alamo is to build a premier workforce in America by providing employers and residents with the opportunities, resources and services to develop and gain a competitive edge in the global economy. Workforce Solutions Alamo reaches over 8,000 businesses and more than 2.0 million residents in the City of San Antonio and the counties of Atascosa, Bandera, Bexar, Comal, Frio, Guadalupe, Gillespie, Karnes, Kerr, Kendall, Medina and Wilson counties. For more information on available workforce programs and services, visit our website at www.workforcesolutionsalamo.org.
Note: Only the actual/unadjusted series unemployment rate estimates for Texas and the US are comparable to sub-state unemployment rates, taking into account seasonal changes. Adjusted rates are calculated by smoothing out the changes in unemployment due to the typical seasonal hiring’s and layoffs. Rates reported are estimates and changes in previously reported rates can occur with BLS readjustments.