Texas economist talks future of jobs, workforce on Labor Day – KLTV

by | Sep 5, 2022 | Jobs

WACO, Texas (KLTV) – What will Texas jobs and the workforce look like in the future? The underlying driver is, of course, patterns in expansion by industry. We recently took a look at this question using our databases and models.We started with our long-term projections for the Texas economy by detailed sector, then used our occupational system to translate these to results by occupation. This model uses extensive surveys conducted by the US Bureau of Labor Statistics. It is also extensively localized for every county in the state and adjusts for technology shifts (although there are always surprises on that front).Every industry involves a mixture of jobs across a spectrum. A manufacturing facility, for example, might need managers, accountants, engineers, skilled workers of multiple types, truck drivers, janitorial staff, clerical workers, and numerous other categories. To get estimates of the total demand, our occupational system also considers the numbers of people leaving various professions due to retirement or other reasons.The categories with the largest numbers of new jobs are concentrated in food service and retail. Even with recent labor-saving technology in this field, this pattern is common given the “person-to-person” nature of these segments. Among the top 30 occupations, eight are in this area (including fast food workers, cooks, retail salespersons, and cashiers, among others). Logistics is another high-growth sector, including materials movers, stockers, and laborers as well …

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