The forecast for jobs in Texas looked promising at the end of 2016 and beginning of 2017. In reality, how is the Texas employment scene shaping up?
Texas A&M Report on Jobs in Texas
Texas A&M released a Summary that evaluated the Texas economy through March 2017. Here were some of the results:
- Crude oil production reached a 12-month high despite flat prices
- Record employment growth occurred in the mining and logging industries
- Construction employment posted its strongest first quarter in three years
Nationwide How Did Employment Do?
CNBC reported that job creation bounced back and here were the details:
- No-farm payrolls grew by 211,000
- The unemployment rate fell 4.4 percent, the lowest since May 2007
- Wages grew seven cents an hour
- The employment-to-population ration increased to 6.2 percent, the highest level since February 2009
- Individuals not actively looking for jobs dropped to 8.6 percent (March was 8.9 percent)
What Was the Conclusion for Job Searchers from These Statistics?
If you want a job, it looks like it’s getting easier and easier to find one. The other factor to consider is that there is a relationship between job seekers feeling confident about finding jobs and actually finding a job.
In an article called “How Confidence Affects Employment and the Job Hunt” published by Fox Business in 2013, the author pointed out that it was harder to remain confident in a weak job market and easier to remain confident in a strong job market. The example given was: when the job market was strong, you could send out 20 resumes through a job board and get five responses. But in a weak market you might send out 100 resumes and get zero responses.
Networking is an effective tool for getting jobs, but when you lack confidence in yourself, people are not as likely to open up their network to you.
Knowing that we currently have a strong job market can help build confidence and makes it easier for job seekers to get jobs.
Find Out How Power Labor Can Help
At Power Labor we help jobseekers find work.