Economic and Workforce Issues

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Economic & Workforce Issues in Dallas County

“In most areas around the nation there are jobs available in certain high skill areas, but we don’t have the educational basis for it or we don’t have the immigrant pool for it, or whatever it may be. There is a skills mismatch; that’s part of the problem.” — Richard Fisher, president, Federal Reserve Bank of Dallas.

100,000 new jobs were created in the metroplex in 2013.
63% of new jobs require post-secondary education, but over half require less than a bachelor’s degree.
96% of chief academic officers rate their institution as effective at preparing students for work.
14% of Americans strongly agree that college graduates are prepared for success at work.
11% of business leaders strongly agree that graduates have the skills their businesses need.

Hispanics represent 39% of the population in the metroplex. Of this group, 51% do not have a high school diploma and 30% have less than a ninth graduate education.

Blacks and Hispanics over 25 with a college degree:

8% of Hispanics
15% of blacks

Demand vs. Supply in Dallas*

Registered Nurse

6,179 jobs exist.
447 students graduated from a college of Dallas College with an award in a related field.

Construction

3,659 jobs exist.
55 students graduated from a college of Dallas College with an award in a related field.

Electronics Engineering

3,299 jobs exist.
108 students graduated from a college of Dallas College with an award in a related field.

Information Technology

7,576 jobs exist.
336 students graduated from a college of Dallas College with an award in a related field.

21% of adults in the metroplex have some college, but no degree.

Many have accumulated debt without the benefit of degrees which lead to better job prospects and higher lifetime earnings.

*May 2014, Indeed.com/Perkins Data/credit

Achieve Texas Clusters Job Growth 2020 With Wages*

(in order of most job openings to least job openings)

Achieve Texas Cluster	Job Growth 2010-2020	2011 Employment-Weighted Wages
hospitality and tourism	22.9%	$21,127
marketing and sales	17.8%	$39,236
business and management	16.3%	$56,796
education and training	32.9%	$47,387
health science	30.8%	$55,853
construction	18.4%	$40,164
transportation and logistics	16.5%	$34,725
human services	25.6%	$29,057
agriculture and natural resources	8.4%	$39,774
manufacturing	15.6%	$38,653
law and public safety	21.7%	$50,703
finance	17.7%	$53,036
information technology	22.3%	$80,942
STEM	19.1%	$90,361
government	15.8%	$53,254
arts, A/V communication	13.4%	$48,199

*Will and Skill: Aligning Educational Initiatives with the Texas Labor Market, Labor Market & Career Information (LMCI), Texas Workforce Commission

Snapshots for High-Demand Sectors in Dallas 2010-2020

Health Care

32% growth rate.
+56,110 jobs.
Area of greatest need: registered nurse.

8.1% current vacancy rate with 23% of need met by Dallas College graduates, ranked #1 in area hospital survey, 2014.
7,600 openings through 2020 (31.5% growth).
1,916 average annual job openings.

Education

34% growth rate.
+34,380 jobs.
Area of greatest need: elementary and secondary school teachers.

35.9% projected growth.
26,180 jobs.
2,455 average annual job openings.

Construction

15% growth rate.
+10,300 jobs.
6,500 positions currently open in Dallas County.
78,700 positions in Dallas by 2020 (ESMI).
Last four years, Dallas College’s output in construction:

141 associate degrees.
520 first-level certificates.
62 second-level certificates
6,500 courses taken through continuing education.

9.65 month backlog for commercial/industrial construction (Contractor Backlog Indicator).
$327 million in contracts for infrastructure projects in Dallas County listed on the April 2014 Texas Department of Transportation report.
$70,279,000 forecast contracts for infrastructure for 2015.

Earnings and Unemployment Rates by Educational Attainment

Degree	Unemployment Rate in 2012	Median Weekly Earnings in 2012
doctoral degree	2.5%	$1,624
professional degree	2.1%	$1,735
master’s degree	3.5%	$1,300
bachelor’s degree	4.5%	$1,066
associate degree	6.2%	$785
some college, no degree	7.7%	$727
high school diploma	8.3%	$654
less than a high school diploma	12.4%	$471
all workers	6.8%	$815

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