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Saturday , November 17 2018
Home | Tag Archives: el paso jobs

Tag Archives: el paso jobs

Worforce Solutions: Final Unemployment Numbers for December 2017 Mixed for Region

On Friday, Workforce Solutions Borderplex released the most recent employment numbers for the city, county and region for December 2017.

The unemployment rate for the city of El Paso in December 2017 was at 3.9% which signified a 0.1% increase from November.  In addition, the unemployment rate for the city of El Paso decreased by 0.7%, when compared to the same time last year.

With the increase, the unemployment rate for the city of El Paso was higher than the unemployment rate for the state of Texas (3.7%), while matching the National unemployment rate at 3.9%.

The unemployment rate for El Paso County in December 2017 was 4.0%, which was higher than the unemployment rate for the state of Texas (3.7%), and higher than United States (3.9%).

Labor Force for the Borderplex area (which includes Brewster, Culberson, Jeff Davis, Hudspeth, Presidio and El Paso counties) in December 2017 was 369,174, which indicates an increase of 417 from the previous month. Over the year, Labor Force increased by 5,755.

The number of employed in the Borderplex area for the month of December 2017 was 354,312, which reflects an increase of 286 from the previous month. Over the year, the number of employed increased by 8,503.

 

 

SDI Technologies Expands Main Distribution Center in El Paso

On Tuesday, the El Paso City Council approved an incentive package resulting in the expansion of SDI Technologies’ main distribution center leading to more jobs.

Via a news release city officials stated, “This agreement will double the size of their employees and greatly increase their investment in the community.”

“This partnership is a testament to the commitment we have to existing business in our community,” Mayor Dee Margo said. “Oftentimes economic developers are too focused on attracting new business that they forget to take care of the businesses in their backyard. We are very fortunate to have success in growing companies that already call El Paso home.”

Founded in 1965, SDI Technologies designs, manufactures, and distributes a broad range of consumer electronics that are both innovative and high in quality. SDI markets these products under some of the world’s most recognizable brands such as iHome and Timex.

“SDI Technologies is exactly the type of company we want in El Paso. These type of advanced manufacturing and advanced logistics jobs is what our community is looking for. This agreement will show similar companies that we are serious about bringing similar businesses to El Paso,” City Manager Tommy Gonzalez said.

The El Paso distribution center serves retailers and consumers all over the U.S. SDI will be doubling their permanent workforce within 5 years and invest over $15 million in the community. SDI has six offices throughout North America and Asia with over 400 employees.

“The most important reason why El Paso was the number one contender among other cities, was the strength and capabilities of its workforce. A large number of our employees have been with us for over 25 years. We are where we are in our industry in no small part thanks to them,” said Ed Nehmad, Vice President of Operations for SDI Technologies Inc.

Deputy City Manager Cary Westin said one of the most exciting aspects of this deal is that SDI is investing in their El Paso distribution center when they could be investing in their other locations.

“This truly is a sign that El Paso is a place the private industry is ready to invest in,” Westin said.  “Now is the time to continue our efforts and aggressively pursue businesses interested in relocating to El Paso.”

 

Dallas Fed: El Paso’s 2016 Job Growth Outpaced Texas, Nation for Second Straight Year

While political talk stoked fears of the border, security and jobs for most of 2016, a recently-released report from the Federal Reserve Bank of Dallas showed El Paso once again out-performed both state and national averages for job growth and economic activity.

According to the report, while El Paso’s economic activity expanded modestly, the area created jobs at a 2.5% pace, outperforming both the state and nation. Fed Officials say the growth is partially attributed to strong gains in maquiladora activity in Juárez; with trade inching up for the second consecutive year.

Even as payrolls grew in 2016, employment slowed  from 2015 growth of 2.9% but surpassed its long-term average growth rate of 1.6%. Last year also marked the second consecutive year that El Paso job gains outperformed those of Texas (1.4 %) and the U.S. (1.6%).

El Paso added over 7,500 jobs with broad-based industry gains in 2016. Among the services industries, financial activities registered the fastest increase, rising 7.0% in 2016. It was followed by professional and business services (4.6%) and trade, transportation and utilities (3.4 %).

Even with U.S. industrial sector showing sluggish growth, Mexico’s maquiladoras continued to add jobs. According to Mexico’s IMMEX series, Juárez manufacturing employment totaled over 263,000 in November (latest data available), up 4.6 percent from a year ago.

Those numbers add up to total trade of $75.2 billion, up 2.8 percent from $73.1 billion in 2015. The increase was due to a 5.3 percent gain in imports, which offset a 0.6 percent decline in exports.  While trade through the El Paso port of entry rose, total U.S.–Mexico trade declined 2.6 percent over the same time period, from $538 billion in 2015 to $525 billion in 2016

On the purchasing side, the El Paso housing market remained strong, even though home prices remain 5% below their 2008 first-quarter peak, according to a price index from the Federal Housing Finance Agency.  While U.S. home prices dropped drastically due to the financial crisis, they are on an upward trend again and have surpassed their 2007 first-quarter peak price.

In Texas, home prices have increased at a much faster rate. On a year-over-year basis, home prices in Texas rose 12 percent, compared with El Paso’s growth of 4.0 percent and the national growth of 8.0 percent during the same period.

The El Paso metropolitan statistical area includes El Paso and Hudspeth counties.

 

City, County Unemployment Rates Mixed for September

Officials with Workforce Solutions Borderplex released the Labor Market Review (LMR) for October 2016, showing mixed numbers in jobs for the city and region.

In September 2016, the unemployment rate for the city of El Paso was at 4.9% which signified a 0.1% decrease from the previous month.

The unemployment rate for the city of El Paso increased by 0.2 % since last year. The unemployment rate for the city of El Paso was the same as the unemployment rate for the state of Texas (4.9%); but higher than the National unemployment rate (4.8%).

The rate for El Paso County in September 2016 was 5.3%, which was higher than the unemployment rate for the state of Texas (4.9%), and higher than United States (4.8%).

Additionally, the El Paso Metropolitan Statistical Area (MSA) unemployment rate was 0.4 points higher than the unemployment rate for the city of El Paso.

Total non-farm employment for the El Paso MSA in September 2016 was 311,600. This reflected an increase of 0.9% since the previous month.

The total non-farm employment for the El Paso MSA increased by 2.6% from a year ago (September 2015).  The state of Texas non-farm employment for the month of September 2016 indicated an increase of 0.3% since the previous month as well as an increase of 1.7% since last year.

The three Super Sectors with the greatest employment for the El Paso MSA in September 2016 were Government, Trade, Transportation, and Utilities, and Educational and Health Services.

These three Super Sectors represented 59% of the total non-farm employment.

By The Numbers

5.3% – Regional Unemployment

2,383 – Total Active Job Openings

5,257 – *Employers Served

50,062 – *Job Seekers Served

5,169  – *Veterans Served

8,964 – *Children served

* Report Period 10/1/15 to 9/30/16

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