Jobs

Business
7:43 pm
Tue May 6, 2014

Oil and Gas Companies Are Now Poaching Employees From Each Other

Oil rigs and tankers off the coast of Galveston
Credit https://flic.kr/p/xzPDU

The global boom in energy production driven by fracking and horizontal drilling is leading to a shortage of skilled workers. A new report by the human resources firm Mercer says two-thirds of oil and gas companies are now poaching employees from their competitors.

"The industry seems inclined when an individual is trained and developed by a competitor to, especially in the first five years of employment, go after that key talent, as opposed to training and developing their own,"  says Philip Tenenbaum, a senior partner at Mercer. 

He says in some cases, the practice has become quite overt.  

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Austin City Council
4:54 pm
Thu February 20, 2014

Austin OKs Economic Incentives for Dropbox, Websense (Update)

Websense is a San Diego-based Internet security firm. It's looking to relocate to Austin, contingent on city and state economic incentives.
websense.com

Update: Dropbox and Websense will receive economic incentives to expand in Austin.

The Austin City Council voted 5-2 today to offer the two tech companies approximately $700,000 in incentives. The money comes on top of $6 million from the Texas Enterprise Fund. 

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Gov. Rick Perry
12:56 pm
Thu September 12, 2013

Perry Defends Jobs Tour Through Maryland

Gov. Rick Perry at the 2012 Texas Republican Convention. Gov. Perry is embarking on another promotional jobs tour through another state critics call poaching.
Ben Philpott, KUT News

Gov. Rick Perry defended his efforts to bring jobs from other states to Texas on Thursday – and told critics that if they can't stand competition, they should get out of the game.

Perry will visit Maryland on Sept. 18. He has already spent nearly $500,000 on radio and TV ads touting Texas' low taxes and regulation in the state. Maryland is the sixth state Perry has visited this year, following California, New York, Connecticut, Missouri and Illinois.

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Austin
8:27 am
Tue June 18, 2013

OneWest Bank to Lay Off More Than 700 Workers in Austin

A business in Austin is laying off hundreds of employees. OneWest Bank has notified the Texas Workforce Commission that intents to lay off more than 700 employees in Austin.

The California-based company is a mortgage services provider with offices in the Domain complex.

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Texas
7:21 am
Thu June 13, 2013

Texas Adds Almost 19,000 Jobs in May

flickr.com/bgottsab

Texas added almost 19,000 jobs last month, the most of any state in the country - according to a report by the payroll and benefits company ADP.

More than 1,800 jobs will be added to June’s total.

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Austin
8:09 am
Mon June 10, 2013

Report: More than 1 in 5 Austin Area Jobs Require STEM Skills

Caleb Bryant Miller for KUT News

More than 22 percent of Austin area jobs require specialized STEM skills. STEM stands for Science, Technology, Engineering and Math.

A study released by the Brookings Institution today shows Austin’s percentage of STEM jobs in 2011 was slightly higher than the national average of 20 percent.

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economy
2:30 pm
Fri May 17, 2013

Austin Jobless Rate Dips to 5.1 Percent

flickr.com/jimnix

Austin’s economy added 30,500 jobs over the last year. The latest employment report shows the jobless rate dropped to 5.1 percent last month from 5.6 percent in April 2012. 

The recent job growth happened as more people were moving to the Austin-area looking for work. The civilian labor force grew by more than 27,000 in the past 12 months.

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Economy
8:18 am
Fri May 3, 2013

165,000 Jobs Added In April, Jobless Rate Fell To 7.5 Percent

Waiting for work: Job seekers lined up last month at the 25th Annual CUNY big Apple Job and Internship Fair in Manhattan.
Spencer Platt Getty Images

Originally published on Fri May 3, 2013 9:05 am

(Most recent update: 10 a.m. ET.)

The nation's jobless rate edged down to 7.5 percent in April from 7.6 percent in March and employers added 165,000 jobs to their payrolls last month, the Bureau of Labor Statistics reported Friday morning.

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Austin
12:52 pm
Fri April 19, 2013

Austin Unemployment Down a Bit

People collecting unemployment benefits, like some at this Texas Workforce Commission office, would be required to submit to drug testing under a bill in the Texas House
Jeff Heimsath for KUT News

Austin’s unemployment rate went down slightly from February to March – to 5.3 percent. The state rate was about one point higher (6.4 percent, seasonally adjudged; 6.3 percent, not seasonally adjusted).

Both numbers are well below the national rate for March: 7.6 percent.

Both the state and local rates are also well below what they were in March 2012 (7 percent and 6 percent, respectively).

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Austin
7:51 am
Tue April 16, 2013

2,000 Job Openings Available at City of Austin Career Expo

The City of Austin is hosting a Career Expo Tuesday at the Palmer Events Center.
flickr.com/kandyjaxx

The City of Austin is hosting its third annual Career Expo today at the Palmer Center.

The event will feature over one hundred employers and local agencies including  Austin Fire Department, Austin Independent School District, Dell, Time Warner Cable, Grande Communications and Whole Foods.

Last year more than 3,500 people attended the Career Expo that offers almost 2,000 job openings. 

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Economy
7:47 am
Fri March 8, 2013

Pleasant Surprises: 236,000 Jobs Added; Jobless Rate Dips To 7.7 Percent

The scene at a job fair in Manhattan earlier this month.
Spencer Platt Getty Images

Originally published on Fri March 8, 2013 8:54 am

There were 236,000 jobs added to payrolls in February — many more than expected — and the jobless rate unexpectedly dropped by two-tenths of a point, to 7.7 percent, the Bureau of Labor Statistics reported Friday.

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Economy
9:56 am
Fri February 1, 2013

Losses Are Actually Gains, And Other Weird Facts From The Jobs Report

bgottsab Flickr

Originally published on Fri February 1, 2013 12:25 pm

What's today's big jobs report say?

The U.S. economy lost 2.8 million jobs jobs in January.

What?!

Don't panic. The U.S. economy loses millions of jobs every January, in good times and bad, largely because tons of seasonal holiday jobs always wind down after Christmas.

So if you set aside the normal, seasonal stuff, how is the job market doing?

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Education
2:59 pm
Wed November 28, 2012

Gov. Perry Wants to Fast Track Vocational Certification in Texas

Gov. Rick Perry announced the creation of a Skilled Workforce Initiatve Tuesday.
KUT News

Governor Perry announced his intention Tuesday to launch a Skilled Workforce Initiative in Texas to address demand for certified, highly-skilled workers in the manufacturing sector.

The initiative would reduce the time it takes for students to earn vocational certification in certain high-demand fields, such as manufacturing and industrial business. Under the initiative, certification programs will award credit to students who enter the program already possessing some experience and skills necessary for certification.  Backers hope the program will allow students to get certified and begin filling jobs more quickly, while also saving them time and money by allowing them to bypass lessons on subjects they’ve already mastered.

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Business
4:02 pm
Fri November 16, 2012

Hostess No More: Texas-based Twinkies Maker Closes Shop (Updated)

Twinkies were long thought to last forever. It turns out they may not.
Tyler Pratt for KUT News

Update: Company spokesperson Tammy Taylor tells KUT News that “Hostess Brands had 230 employees in Texas. All facilities are shut down, with the exception of retail outlets, which will remain open for about a week to sell remaining product in going out of business sales.”

Taylor says that “severance will not be paid at this time” to the laid-off employees; “funds for these amounts are not in the ‘Wind Down’ budget that Hostess lenders approved.”

Original post (1:25 p.m.): It’s the end of Hostess Brands, the Texas-headquartered maker of Twinkies, Wonder Bread and Ding Dongs.  This morning Hostess said it filed a motion in bankruptcy court to request permission to liquidate its assets.

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2012 Presidential Election
10:25 am
Fri November 2, 2012

Final Pre-Election Jobs Report Can Be Spun By Both Obama And Romney

President Obama gives a girl a high five at a campaign rally in Hilliard, Ohio, on Nov. 2.
Jewel Samad AFP/Getty Images

Originally published on Fri November 2, 2012 12:20 pm

(Revised @ 12 p.m. ET)

The final monthly jobs report before Tuesday's general election contained something for both President Obama and Republican Mitt Romney to work into their closing arguments to voters.

For Obama, it was the news that the economy in October created significantly more jobs — 171,000 — than many economists had forecast. And the Labor Department revised upward the job numbers for September and August, suggesting even more underlying strength in the economy than earlier appeared to be the case.

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Texas
7:08 am
Thu October 25, 2012

Midsize Companies Power Texas Job Creation

Midsized Texas companies are adding jobs.
Teresa Vieira for KUT News

Midsize companies — firms with annual revenues of $10 million to $1 billion dollars — are now adding jobs at almost double the national average.

Middle market companies account for just 0.5% of all Texas businesses. But they employ 30% of the state’s workforce. Anil Makhija teaches finance at Ohio State University. He says midsized businesses are more reliable job creators than small ones.

“If you think about small firms, they do deserve our attention, because they are frequently the centers of innovation. But they have a very high failure rate.”

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Business
2:53 pm
Thu October 11, 2012

Is Austin a Tech Center or a Tech Colony?

There's gold in them (silicon) hills: Out-of-state companies like Facebook and Apple use Austin as a colony, but we don't seem to mind.

Almost every day we hear about out-of-town tech companies opening branch offices in Austin.  

What does that mean? Could the next Facebook, Google, or Apple start and grow in Austin? Will Austin even be the next Silicon Valley? Or are we a "tech colony," a place where global companies can find a ready supply of highly-trained tech workers who will work for less than workers in California or New York?

Salaries are lower here, even for tech specialist in high demand, and although Austin is often billed as a "lower cost of living" area, it may not seem that way to those facing high (and rising) rent, home prices, and property taxes.

In Silicon Valley, researcher and writer Vivek Wadhwa studies competitiveness as an academic discipline.  He says he’s pessimistic about the tech future of many U.S. cities and regions, but not Austin. He says Austin has done everything right and should continue to grow. More than advantages like Texas' favorable tax climate, the stream of patents spinning out of UT, or ample investment capital, he says it’s the human capital that gives Austin an advantage.  

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Economy
8:24 am
Fri October 5, 2012

National Unemployment Rate Drops, Austin's Employed May Be Seeing Raises

Austin may be getting some raises soon.
http://www.flickr.com/niwru/

The national unemployment rate decreased to 7.8 percent in September. According to the U.S. Bureau of Labor Statistics, the U.S. added 114,00 jobs last month. This means the number of unemployed in the U.S. is now 12.1 million. It's the first time this year that unemployment has fallen below 8 percent.

So what does this mean for Austin? As KUT News reported last month, Austin added 5,900 jobs in August, and local unemployment dropped to 5.9 percent, well below the national average.

But what about the already employed in Austin? According to staffing agency Robert Half International, technology professionals are expected to salary increases of about 5.3 percent. Administrative staff may see salaries rise by 3.5 percent. And accounting and finance salaries could jump 3.3 percent.

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Austin
4:44 pm
Wed October 3, 2012

Scarce Housing Options Driving a New Building Boom

www.flickr.com/armchairbuilder/

By all accounts, the housing market is booming in Austin.

Home prices, number of sales, and rental occupancy rates and rents are up. And, according to numbers released yesterday, so is new construction. MetroStudy, a firm that tracks realty numbers, says construction in the third quarter is up 37% from last year.

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Business
9:55 am
Fri September 7, 2012

General Motors Bringing Up to 500 Jobs to Austin

GM IT employees in Michigan. The company says Austin's talented employee pool is leading them to open a center here.
General Motors

An announcement on the General Motors website this morning says the auto maker is coming to Austin – creating an "Information Technology Innovation Center" that may ultimately employ up to 500 people. 

The company writes on its website:

Austin was chosen for an Innovation Center because the city already has people with the skills GM is seeking -  46,000, according to the May 2011 Bureau of Labor Statistics Occupational Employment Report.

“We anticipate hiring as many as 500 new GM employees in Austin,”[GM Chief Information Officer Randy Mott] said. “We look to the Innovation Centers to design and deliver IT that drives down the cost of ongoing operations while continuously increasing the level and speed at which innovative products and services are available to GM customers."

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