More Related Content Similar to Central Texas Economy Similar to Central Texas Economy (11) 2. E3 Alliance Regional Scope of Work
Source: Texas Education Agency, TxDOT, TNRIS © E3 Alliance, 2012
3. Top 10 Manufactures for 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
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 Have Higher 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 is Increasing
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
12. The Majority of Employed 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 Growing Careers 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 Job Growth, 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 Occupations in 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 Decline with
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 the National 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
20. High School Graduation Rates
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 Graduation Rates
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 of this 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 SD Starts Off These were takes from the 8 County Profile created from Socrates (2/15/12) cmb Dropouts from 2011 will cost $18B. http://www.all4ed.org/files/Texas_hs.pdf This slide needs a DATE!! And what the source is!Emigration is 84.6% of Immigration. ACS Survey too??? Source:ACSHS grads include GED, Some college includes AA degrees, College Grads includes bacc and post-bacc. Is the source the TWC – is this correct?Office and Administrative SupportSales and Related Food Preparation and Serving RelatedEducation, Training and Library Occupations http://www.everychanceeverytexan.org/texasjobs/ http://www.texasindustryprofiles.com/apps/swap/asp/naicIndex.asp http://www.texasindustryprofiles.com/apps/swap/asp/socTable.asp http://www.texasahead.org/economy/forecasts/fcst0910/fiscalSummary.html -- Projections http://www.all4ed.org/files/Texas_hs.pdf 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
