Austin Chamber of Commerce 12 •07 State of the Economy • Workforce • As presented to the

Austin Chamber of Commerce12•07 State of the Economy

• Workforce •

As presented to the Keller Williams Agent Leadership Council

Labor Force & EmploymentAustin MSA

832,641848,049

794,089

815,738

700,000

725,000

750,000

775,000

800,000

825,000

850,00020

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Labor Force

Employment

Source: Texas Workforce Commission, LAUS.

Added in the last 12 months:15,408 to labor force (1.9%)21,649 to employed (2.7%)

UnemploymentAustin MSA

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

2004 J

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The total unemployed in June is lower than the level one year ago by over 6,200 persons.

Unemployment Rates

4.6%

3.8%

4.6%

5.5%

4.7%4.8%

3.0%3.2%3.4%3.6%3.8%4.0%4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%

2006May

2006J un

2006J ul

2006Aug

2006Sep

2006Oct

2006Nov

2006Dec

2007J an

2007Feb

2007Mar

2007Apr

2007May

2007J un

Austin MSATexasUnited States


Lowest Unemployment RatesTop 50 Metro Areas

Unemployment Rate (%)Difference Rank

Jun. ‘06 Jun. ‘07

Phoenix MSA 3.7 3.0 -0.7 1

Bethesda MDiv 3.2 3.2 0.0 2

Washington MDiv 3.4 3.3 -0.1 3

Virginia Beach MSA 3.4 3.4 0.0 4

Miami MDiv 3.9 3.4 -0.5 5

Fort Lauderdale MDiv 3.3 3.4 0.1 6

Orlando MSA 3.3 3.6 0.3 7

Nashville MSA 4.7 3.7 -1.0 8

Nassau MDiv 3.8 3.7 -0.1 9

Jacksonville MSA 3.7 3.8 0.1 10

Austin MSA 4.6 3.8 -0.8 11

Source: U.S. Bureau of Labor Statistics, LAUS.

Employment Growth Rates

2.7%

3.1%

0.3% 0.3%

1.4%

2.3%

1.9%

1.2%

0.8%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

2005-2006 J un '06- J un '07 May ‘07-J un ‘07



Fastest Growing AmongTop 50 Metro Areas

EmploymentJun. ‘07

Growth Jun. ‘06-Jun. ‘07RankDifference % Ch.

Las Vegas MSA 912,900 30,200 3.4 1

Riverside MSA 1,732,700 55,400 3.3 2

Nashville MSA 768,800 24,200 3.3 3

Jacksonville MSA 645,100 18,100 2.9 4

Miami MDiv 1,142,700 31,900 2.9 5

Atlanta MSA 2,607,700 72,000 2.8 6

Phoenix MSA 1,995,300 53,600 2.8 7

Charlotte MSA 808,800 21,700 2.8 8

Austin MSA 815,700 21,700 2.7 9

Orlando MSA 1,051,500 27,200 2.7 10

Source: U.S. Bureau of Labor Statistics, LAUS.

*Austin is the 42nd largest metro based on total employment.

Employees on Nonfarm Payrolls Austin MSA747,200

718,200

693,400

640,000650,000660,000670,000680,000690,000700,000710,000720,000730,000740,000750,000

2000

Jan

2000

Apr

2000

Jul

2000

Oct

2001

Jan

2001

Apr

2001

Jul

2001

Oct

2002

Jan

2002

Apr

2002

Jul

2002

Oct

2003

Jan

2003

Apr

2003

Jul

2003

Oct

2004

Jan

2004

Apr

2004

Jul

2004

Oct

2005

Jan

2005

Apr

2005

Jul

2005

Oct

2006

Jan

2006

Apr

2006

Jul

2006

Oct

2007

Jan

2007

Apr

Source: Texas Workforce Commission, CES.

June 2007:29,000 jobs added

in the last 12 monthsAustin up 4.0% Texas up 2.1%

US up 1.4%

Employees on Nonfarm Payrolls Growth Rates

4.0% 4.0%

-0.1%

3.2%

2.1%

0.0%0.4%

1.4%1.8%

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

2005-2006 J un '06- J un '07 May '07-J un '07



Fastest Growing AmongTop 50 Metro Areas

Non-farm payroll jobs

Jun. ‘07

Growth Jun. ‘06-Jun. ‘07

RankDifference % Ch.

Salt Lake City MSA 643,600 28,000 4.5 1

Austin MSA 747,200 29,000 4.0 2

Riverside MSA 1,321,900 44,900 3.5 3

Phoenix MSA 1,936,300 61,600 3.3 4

Houston MSA 2,525,600 76,500 3.1 5

Dallas MDiv 2,092,200 61,400 3.0 6

Seattle MDiv 1,468,600 40,200 2.8 7

Charlotte MSA 844,000 22,600 2.8 8

Fort Worth MDiv 862,300 22,400 2.7 9

San Francisco MDiv 985,700 21,100 2.2 10

Source: U.S. Bureau of Labor Statistics, CES.

*Austin is the 46th largest metro based on total non-farm payroll jobs.

Employment by IndustryAustin MSA, June 2007

49,600

59,800

40,300

21,700

44,800

100,500

74,900

79,800

29,900

155,100

77,800

13,000

Construction

Manufacturing

Wholesale trade

Retail trade

Transp, wrhsing, & util

Information

Financial activities

Prof & business services

Ed & hlth services

Leisure & hospitality

Other services

Government


Employment by Industry2006

Financial Activities

6%Prof & Bus Services

14%

Ed & Hlth Services

10%

Govt21%

Leisure & Hospitality

10%

Other Services

4%

Information3%

Transp, Wrhsng &

Util2%

Retail Trade11%

Const & Mining

6%Mfg8%

Wholesale Trade

5%

Source: Texas Workforce Commission.

Austin MSA United States

Financial Activities

6%Prof & Bus Services

13%

Ed & Hlth Services

13%

Govt17%

Leisure & Hospitality

10%

Other Services

4%

Information2%

Transp, Wrhsng &

Util4%

Retail Trade11%

Const & Mining

6%Mfg10%

Wholesale Trade

4%

21%

22%

23%

24%

25%

26%

27%

28%

29%Austin MSAUnited States

Office Employment as a % of Total Private Nonfarm Jobs

Source: Texas Workforce Commission & U.S. Bureau of Labor Statistics.

Office employment is the sum ofInformationFinancial ActivitiesProfessional & Business Services

Office EmploymentAustin MSA

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

InformationFinancial activitiesProfessional & business services


Office EmploymentAustin MSA

100,000

110,000

120,000

130,000

140,000

150,000

160,000

170,000

2004

J an

2004

Mar

2004

May

2004

J ul

2004

Sep

2004

Nov

2005

J an

2005

Mar

2005

May

2005

J ul

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Mar

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May

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J ul

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Sep

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Nov

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J an

2007

Mar


Office employment is the sum ofInformationFinancial ActivitiesProfessional & Business Services

Information IndustryEmploymentAustin MSA

21,8

00

20,5

0024,3

00

0

5,000

10,000

15,000

20,000

25,000


Professional & BusinessServices Industry Employment

Austin MSA

98,7

00

85,6

00

91,9

00

010,00020,00030,00040,00050,00060,00070,00080,00090,000

100,000


Financial ActivitiesIndustry Employment

Austin MSA

43,0

00

0

5,000

10,000

15,000

20,00025,000

30,000

35,000

40,000

45,000


15%

17%

19%

21%

23%

25%

27%

29%Austin MSAUnited States

Government Employmentas a % of Total Nonfarm Jobs

Source: Texas Workforce Commission & U.S. Bureau of Labor Statistics.

Austin’s government employment:

1996 125,5002006 151,900

Employment by Occupation2005, Austin MSA

305,929

105,001

181,502

84,34155,041

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

Management,professional, &

related

Service Sales & office Construction,extraction,

maintenance &repair

Production,transportation,

& materialmoving

Source: U.S. Bureau of the Census.

Employment by Occupation2005

42%

14%

25%

12%8%

34%

16%

26%

10%13%

0%5%

10%15%20%25%30%35%40%45%

Management,professional, &

related

Service Sales & office Construction,extraction,

maintenance &repair

Production,transportation,

& materialmoving

AustinUnited States

Source: U.S. Bureau of the Census.

Employment by OccupationMay 2006, Austin MSA

Management 34,610 Protective service 17,020Business & financial operations 44,770 Food preparation & serving

related 61,890

Computer & mathematical 35,440 Building & grounds cleaning & maintenance 20,480

Architecture & engineering 23,620 Personal care & services 18,050Life, physical, & social science 11,030 Sales and related 76,480

Community & social services 7,040 Office & administrative support 131,010

Legal 6,780 Farming, fishing, & forestry NA

Education, training, & library 45,630 Construction & extraction occupations 30,410

Arts, design, entertainment, sports, & media 9,490 Installation, maintenance, &

repair 29,020

Healthcare practitioners & technical 25,210 Production 35,430

Healthcare support 13,090 Transportation & material moving 34,420

All Occupations 711,080

Source: U.S. Bureau of Labor Statistics.

High-Tech Employment BaseEmployment in Selected Industries

2006, Austin MSA

High tech manufacturing 35,308 Computer & electronics 31,481

Semiconductors 16,355Computers & peripherals whsle

19,020

High tech information & other IT

28,210

Engineering, R&D, & labs/testing

18,169

Total 100,707 Source: Texas Workforce Commission.

Computer & EngineeringOccupations

2006 Employment, Austin MSA

Computer & math occupations 35,440

Engineering occupations 22,540

Total 56,980

Source: U.S. Bureau of Labor Statistics.

Average Wage Rates, May 2006

All Occupations

Source: U.S. Bureau of Labor Statistics, OES.

$0

$5

$10

$15

$20

$25

$30

Average Salaries, May 2006White Collar Occupations


$0

$25,000

$50,000

$75,000

$100,000

$125,000

Management Business &financial ops

Computer &math.

Engineering& arch

Sales Office

AustinChicagoDenverLos AngelesNew YorkUnited States

Average Salaries, May 2006Blue Collar Occupations


$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

Construction &extraction

Installation,maintenance, &

repair

Productionoccupations

Transportation &material moving


Average Wage Rates, May 2006White Collar Occupations


$0

$10

$20

$30

$40

$50

$60

Management Business &financial ops

Computer &math.

Engineering& arch

Sales Office


Average Wage Rates, May 2006Blue Collar Occupations


$0

$5

$10

$15

$20

$25

$30

Construction &extraction

Installation,maintenance, &

repair

Productionoccupations

Transportation &material moving


Austin Metro Colleges & Universities

Fall 2006 Enrollments

Four-Year Institutions The University of Texas, Austin 49,738 Texas State University, San Marcos 27,503 St. Edward’s University, Austin 5,224 Southwestern University, Georgetown 1,277 Concordia University, Austin 1,266 Huston-Tillotson College, Austin 742Community Colleges Austin Community College, Austin 31,585 Temple College-Tayor Center, Taylor 671 GRAND TOTAL 118,006TOTAL ENROLLMENTS WITHIN 100 MILES

334,027Source: Texas Higher Education Coordinating Board & National Center for Education Statistics.

Most Educated Among*50 Largest Metro Areas 2005

H.S. graduate At least some college

At least a bachelor’s

degreeRank*

San Francisco MDiv 87.4% 72.2% 48.8% 1

Cambridge MDiv 90.4 67.0 47.5 2

Washington MDiv 88.4 67.4 44.2 3

San Jose MSA 85.5 68.7 43.8 4

Seattle MDiv 90.9 70.1 39.3 5

Austin MSA 87.0 66.2 39.1 6

Oakland MDiv 86.9 66.4 38.9 7

Boston MDiv 88.9 62.1 38.6 8

Minneapolis MSA 92.3 68.0 37.0 9

Denver MSA 88.0 65.5 36.8 10

Texas 78.8 52.5 25.1 ―

United States 84.2 54.7 27.2 ―

Source: U.S. Bureau of the Census, ACS.*Based on population 25 years and older with at least a bachelor’s degree.

Degrees AwardedSelected Science Fields

Austin Metro Area Institutions

Year Ending June 2006Bachelor’s Master’s Doctoral

Computer & IS 353 94 16Engineering 1,044 438 191Physical sciences 172 54 75TOTAL 1,569 586 282

Source: U.S. National Center for Education Statistics.

Degrees Awarded 2006Computer Science &

Engineering

Source: National Center for Education Statistics.

Computer Science EngineeringUnder-

graduate Graduate Under-graduate Graduate

UT Austin 264 66 976 625Texas State University 45 44 68 4Other metro area institutions 44

Metro area total 353 110 1,044 629All institutions within a 200-mile radius of Austin (2004)

2,047 1,004 4,089 2,978

Degrees Awarded 2006Engineering & Physical

Sciences

Source: National Center for Education Statistics.

Engineering Physical SciencesUnder-

graduate Graduate Under-graduate Graduate

UT Austin 976 625 140 123Texas State University 68 4 24 6Other metro area institutions 8

Metro area total 1,044 629 172 129All institutions within a 200-mile radius of Austin(2004)

4,089 2,978 765 543

Engineering Degrees AwardedUT Austin, 2006

Bachelor’s Master’s Doctor’sAerospace 76 26 4Architectural 47 4Biomedical 75 12 12Chemical 96 16 36Civil 82 85 35Electrical, electronics & comm. 328 153 61

Engineering mechanics 2 1Environmental 14Industrial 12 2Materials 1 15Mechanical 196 56 12Petroleum 76 26 13Other 27TOTAL 976 407 191

K-12 Education: Public/Private

• Austin area households enjoy diverse options in education, including 29 public school districts, 16 charter schools and 69 private schools.

• Public school quality is high in Austin: only 8% of area elementary and secondary students are enrolled in private education, compared to 10% nationally.

• Annual tuition at area private schools ranges widely: from $1,700 to $18,000 (based on 2006/07 information for the area’s 25 largest schools).

Austin Community College(ACC)

With approximately 30,500 students, ACC has seven permanent campuses and more than 70 teaching locations in the region. The ACC Highland Business Center and Downtown Center is extensively involved in the development of course work and training specifically designed for Austin industries. ACC maximizes community and customer satisfaction by identifying, developing, and delivering quality programs at an exceptional level of service that: •Responds to business, government, & industry employee training needs•Enhances the community's workforce & economic development efforts•Helps fulfill personal, occupational, & career aspirations of individuals

Austin Community College provides contracted training to many local high tech companies.

WorkSource

• WorkSource provides local workforce solutions, helping people find jobs, employers find workers and supporting efforts to create a talented workforce in Travis County.

• WorkSource operates three full-service career centers and four satellite centers in Pflugerville, Manor, Del Valle and Jonestown plus a re-employment center for workers affected by mass layoffs.

• Each Career Center offers access to current labor market information, job posting, applicant screening and other services to help you find qualified workers.

• WorkSource also offers training in such high-demand occupations as high technology and nursing.

Documents

Austin Chamber of Commerce 12 •07 State of the Economy • Workforce • As presented to the