Manufacturing impact tops $40 billion

An employee at the Toyota Motor Manufacturing Texas Inc. plant in San Antonio works on the assembly line. The plant makes Tacoma and Tundra pickup trucks. A new study by Trinity University concludes that manufacturing had a $40.5 billion economic impact on San Antonio and surrounding communities in 2016.

SAN ANTONIO – The region’s manufacturing sector had an overall economic impact of $40.5 billion in 2016, according to a new study released by Trinity University.

The San Antonio Manufacturers Association (SAMA) commissioned the study, along with several other organizations.

With 1,544 companies considered manufacturers in San Antonio, the sector employed 51,904 people in 2016 with an average salary of $57,507; it paid nearly $3 billion in wages and salaries.

The transportation sector was the largest employer, accounting for nearly one-third of manufacturing workers—followed by equipment and metal products, diversified products, and materials and electricity.

Source: San Antonio Business Journal

Check out more San Antonio-New Braunfels Industrial Market Research.

Area: San Antonio-New Braunfels

Austinites Give Daily Commute the Boot

AUSTIN – More people are working from home in the Austin area than any other major U.S. city, according to Census Bureau data.

Nearly 9 percent of people ages 16 and up with jobs in the Austin area telecommute, the data show.
The national average is 5 percent.
So what’s up with Austin? Why do so many people work from home here?
Kara Kockelman, an engineering professor at the University of Texas, offered some insights into why:
EDUCATION
  • Austin has a lot of highly educated people, and those people tend to work in white-collar professional jobs where it’s possible to work from home.
TECH JOBS
  • Austin also has a large number of people who work in the tech industry, which is known for jobs that are tethered to a computer and could be done virtually anywhere. There are roughly 120,000 people who work in Austin’s tech industry.
TWO-WORKER HOUSEHOLDS
  • Census data show that about 40 percent of Austin’s households have at least two workers.
TRAFFIC
  • And lastly, there’s the Austin traffic.

 

See the full report at the Austin American-Statesman

Check out more employment stories across Texas.

Falling Oil Prices Not Stopping Texas Job Growth

Falling Oil Prices Not Stopping Texas Job Growth, Latest Real Estate Center Report Shows

By Bryan Pope, Associate Editor, Real Estate Center at Texas A&M University June 2, 2015/Release No. 21-0615

COLLEGE STATION, Tex. (Real Estate Center) – Texas’ economy continues to create more jobs despite lower oil prices, according to the latest Monthly Review of the Texas Economy published by the Real Estate Center at Texas A&M University. The state’s economy gained 304,200 nonagricultural jobs from April 2014 to April 2015, an annual growth rate of 2.6 percent compared with 2.2 percent for the United States. The state’s nongovernment sector added 282,200 jobs, an annual growth rate of 2.9 percent compared with 2.6 percent for the nation’s private sector. Texas’ seasonally adjusted unemployment rate fell to 4.2 percent in April 2015 from 5.2 percent in April 2014. The nation’s rate decreased from 6.2 to 5.4 percent All Texas industries except mining and logging (which includes oil and gas) and manufacturing had more jobs. The state’s leisure and hospitality industry ranked first in job creation followed by construction and transportation, warehousing and utilities. All Texas metro areas except Texarkana, Wichita Falls and College Station-Bryan had more jobs. Odessa ranked first in job creation, followed by Midland, Dallas-Plano-Irving, Corpus Christi and Beaumont-Port Arthur. The state’s unemployment rate in April was 4 percent. Amarillo had the lowest unemployment rate, followed by Midland, Austin-Round Rock, Lubbock, College Station-Bryan and San Antonio-New Braunfels.

The full report is online at http://www.recenter.tamu.edu/pdf/1862.pdf.