More Related Content
Similar to Central Texas Economy
Central Texas Economy
- 1. 2012 Central TexasProfile Made possible through the investment of: www.e3alliance.org
- 2. E3 Alliance RegionalScope of Work Source: Texas Education Agency, TxDOT, TNRIS © E3 Alliance, 2012
- 3. Top 10 Manufacturesfor Central Texas Vrc Industries Source: Texas Workforce Commission, County Narrative Profile data, February 2012 © E3 Alliance, 2012
- 4. Economics: Texas Highlights • The 129,000 high school dropouts from the Class of 2011 will cost the Texas economy $18 Billion in lost wages over their lifetimes* • If half of these students had graduated, they would provide Texas $61 million in increased annual state tax revenue* • If Texas’s high schools were to graduate all students ready for college, the state would likely save as much as $462 million in college remediation costs and lost earnings** *Source: Alliance for Excellent Education (Alliance), “The High Cost of High School Dropouts,” 2011 **Source: Alliance, “Saving Now and Saving Later,” 2011 © E3 Alliance, 2012
- 5. CENTRAL TEXAS FACTS& FIGURES © E3 Alliance, 2012
- 6. 2010-11 School Year • 35 school districts – 479 schools – Serving 298,708 students • 15 charter organizations – 41 schools – Serving 6,983 students • 520 schools • 305,691 students Source: E3 Alliance analysis of AEIS data © E3 Alliance, 2012
- 7. Migration into Texas • The population of Texas is over 25 million – 85% of population growth is due to new births – 15% of population growth is due to immigration • 74% of immigration comes from U.S.A. Texas Population Domestic Increase (2009 to 2010) International 0 150,000 300,000 450,000 600,000 750,000 Source: US Census Bureau, American Community Survey, 2010 © E3 Alliance, 2012
- 8. Texas Immigration vs.Emigration Texas Immigration vs. Emigration 600,000 Number of People Moving 500,000 400,000 300,000 200,000 100,000 ??? 0 Other State Other Country Immigrants Emigrants Source: © E3 Alliance, 2012
- 9. Central Texans HaveHigher Levels of Education than the State Average Educational Attainment, Texas vs. Central Texas Region, 2010 Texas Central Texas Less than College Less than HS, 13% Graduate, HS, 19% College 23% Graduate, 35% HS Graduate, 20% HS Some Graduate, College, 3 Some 26% 1% College, 3 2% Source: US Census Bureau American Community Survey, 2010 © E3 Alliance, 2012
- 10. Educational Attainment isIncreasing Across Central Texas Educational Attainment for Adult Population, Central Texas 2003 2010 Less than Less than HS, 13% HS, 16% College College Graduate, Graduate, 37% 35% HS HS Graduate, Graduate, 20% 19% Some Some College, 2 College, 3 8% 2% Source: US Census Bureau American Community Survey © E3 Alliance, 2012
- 11. CENTRAL TEXAS ECONOMY © E3 Alliance, 2012
- 12. The Majority ofEmployed Workers are in Low-Wage Occupations Austin-Round Rock MSA Employment Statistics by Occupation Group, 2010 160,000 140,000 Number Employed 120,000 100,000 80,000 60,000 40,000 20,000 - Occupation Group Source: Texas Workforce Commission © E3 Alliance, 2012
- 13. The Fastest GrowingCareers Requiring 2-Year Degrees are in the Medical Fields Source: Texas Comptroller of Public Accounts, Every Chance Every Texas website, 2011 © E3 Alliance, 2012
- 14. Statewide Projected JobGrowth, By Cluster Information and Computer Petroleum and Chemical Products Energy Biotechnology and Life Sciences Advanced Technologies and Manufacturing Aerospace and Defense -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 2001-2011 2008-2018 Source: Texas Workforce Commission © E3 Alliance, 2012
- 15. 43 Targeted Occupationsin Texas • Projected high employment demand due to industry growth or employee turnover from 2008 to 2018 (employment for these occupations is expected to increase 23%) – 20 out of 43 are in the STEM fields – Educational requirements; typical salary range: • 3 Work experience in a related occupation; $32K-57K • 6 On-the-job training; $33K-67K • 6 Associates degrees or vocational certificates; $40-$64 • 28 Bachelor degree or higher; $48K-$94K Source: Texas Workforce Commission © E3 Alliance, 2012
- 16. Unemployment Rate 0% 2% 4% 6% 8% 10% 12% 2001 Jun 2001 Sep 2001 Dec 2002 Mar 2002 Jun 2002 Sep 2002 Dec 2003 Mar 2003 Jun 2003 Sep 2003 Dec 2004 Mar 2004 Jun 2004 Sep MSA Unemp. Rate 2004 Dec 2005 Mar 2005 Jun 2005 Sep 2005 Dec 2006 Mar 2006 Jun Source: Texas Comptroller of Public Accounts, Texas Ahead website, 2011 2006 Sep 2006 Dec TX Unemp. Rate 2007 Mar 2007 Jun 2007 Sep 2007 Dec 2008 Mar 2008 Jun 2008 Sep Austin-Round Rock-San Marcos MSA 2008 Dec US Unemp. Rate 2009 Mar 2009 Jun 2009 Sep 2009 Dec 2010 Mar Unemployment Rates Compared to Texas and United States 2010 Jun 2010 Sep 2010 Dec 2011 Mar © E3 Alliance, 2012 2011 Jun
- 17. Unemployment Rates Declinewith Educational Attainment 16 US Unemployment Rate by Educational Attainment 14 12 Unemployment Rate 10 8 6 4 2 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Less than High School Degree High School Degree Some College or Associate's Degree Bachelor's Degree or higher Source: U.S. Department of Labor © E3 Alliance, 2012
- 18. Texas Below theNational Average for Unemployment at All Levels of Education 16% Unemployment Rate for Persons Age 25 and Older, 2010 14% 14.9% Unemployment Rate 12% 10% 10.6% 10.3% 9.1% 8% 8.4% 7.4% 6% 4% 4.7% 4.1% 2% 0% Less than High High School Some College or Bachelor's degree School graduate graduate Associate's degree or higher US Texas Source: US Department of Labor and Census Bureau © E3 Alliance, 2012
- 19. CENTRAL TEXAS WORKFORCE © E3 Alliance, 2012
- 20. High School GraduationRates All White Black Hispanic Asian American Students Indian Central Texas Texas 67% 76% 59% 58% 89% 52% Nation 72% 78% 57% 58% 83% 54% Source: Alliance for Excellent Education, “Texas High School’s State Card”, 2011 © E3 Alliance, 2012
- 21. Four-Year College GraduationRates All White Black Hispanic Asian American Students Indian Texas1 49% 57% 29% 37% 60% 39% Nation1 55% 59% 38% 46% 66% 38% 1Data is for the cohort graduating from high school in 2002 and graduating from a four-year institution by 2008. Source: Alliance for Excellent Education, “Texas High School’s State Card”, 2011 © E3 Alliance, 2012
- 22. The conclusions ofthis research do not necessarily reflect the opinions or official position of the Texas Education Agency, the Texas Higher Education Coordinating Board, or the State of Texas. www.e3alliance.org/moreinfo
Editor's Notes
- #2 SD Starts Off
- #4 These were takes from the 8 County Profile created from Socrates (2/15/12) cmb
- #5 Dropouts from 2011 will cost $18B. http://www.all4ed.org/files/Texas_hs.pdf
- #9 This slide needs a DATE!! And what the source is!Emigration is 84.6% of Immigration.
- #10 ACS Survey too???
- #11 Source:ACSHS grads include GED, Some college includes AA degrees, College Grads includes bacc and post-bacc.
- #13 Is the source the TWC – is this correct?Office and Administrative SupportSales and Related Food Preparation and Serving RelatedEducation, Training and Library Occupations
- #14 http://www.everychanceeverytexan.org/texasjobs/
- #15 http://www.texasindustryprofiles.com/apps/swap/asp/naicIndex.asp
- #16 http://www.texasindustryprofiles.com/apps/swap/asp/socTable.asp
- #17 http://www.texasahead.org/economy/forecasts/fcst0910/fiscalSummary.html -- Projections
- #21 http://www.all4ed.org/files/Texas_hs.pdf
- #22 Data is for the cohort graduating from high school in 2002 and graduating from a four-year institution by 2008.http://www.all4ed.org/files/Texas_hs.pdf