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Trying to hire and retain employees is an issue many industries are facing right now. One local company has come up with a solution to the problem by offering tailor-made policies that fit their employer’s needs.
Jessie Camarillo, Director of Technology Partnerships at Workforce Solutions Capital Area says the labor economy is recovering from the historic lows it reached during the pandemic.
“The Austin job market is currently growing,” she said.
A new collaboration between CapMetro and Workforce Solutions Capital Area will help develop more than 1,000 local jobs as the transit authority revs up its Project Connect mass transit program.
On Monday, the CapMetro Board of Directors approved the launch of the Transit Workforce Partnership Work Plan, with a total cost capped at $366,000. The board didn’t hold any discussion on the item prior to the vote, but CapMetro’s finance committee previously recommended approval on the item at its Oct. 12 meeting.
The partnership is contracted for a three-year period, with a projected launch date in November. As part of the collaboration, WFSCA will work alongside its education and business partners to identify possible candidates from its talent pools and fulfill CapMetro’s workforce needs.
CapMetro’s finance committee approved Wednesday moving forward on a collaboration with Workforce Solutions Capital Area to help develop more than 1,000 jobs for the transit authority’s Project Connect program. The three-year partnership will begin in December, with a total cost capped at $366,000.
The collaboration will tap into WFSCA’s education and business partners to expand CapMetro’s access to a talent pipeline. WFSCA will help identify gaps in CapMetro’s talent pool and map out in-demand positions and necessary skills to fulfill those needs.
According to new data from the Texas Workforce Commission, the Austin-Round Rock MSA unemployment rate decreased slightly from July 2022 to August 2022, and is now 3.0%, as represented by 40,440 unemployed residents.
“The latest data from the Bureau of Labor Statistics indicates that the Austin metro is the top performing metro for job growth in the United States when compared to the top 50 metros,” Tamara Atkinson, CEO of Workforce Solutions Capital Area, said. “Major job growth and low unemployment adds to the challenge of finding candidates to fill numerous new roles, but Workforce Solutions Capital Area is responding to this growth strategically for both the job seekers’ and employers’ benefits.”
Even as inflation continues to take a toll and the threat of a recession remains, Austin’s job market remains strong.
The latest report from the Texas Workforce Commission shows the jobless rate in the Austin metro area decreased slightly from July to August and now stands at 3%.
More and more companies are moving to Austin, and many offer jobs with higher-paying wages.
“Austin is the No. 1 metro in the U.S. for job creation right now,” said Jameson Cardenas, the senior director for marketing and communications for Workforce Solutions Capital Area. “But at the same time, there’s 47,000 unfilled jobs, and that’s 15,000 more than there were last year.”
With more than $500,000 in grants in hand, Workforce Solutions Capital Area is looking to expand apprenticeship programs in the area.
On Tuesday, Sept. 13, Workforce Solutions will be holding an event to let the public know about apprenticeship grant opportunities aimed at helping Travis County residents earn more through job training and certification.
It seems it takes more than rising interest rates, declining stock prices and national economic jitters to dent what has been a voracious demand for workers in the Austin area.
“Help wanted” postings are still proliferating, with job growth in the region climbing nearly 11% on an annualized basis in July and the unemployment rate holding steady at an extremely tight 2.9%.
The job market in Texas is seeing record growth for a ninth month in a row.
According to workforce nonprofit Workforce Solutions, Texas added 72,800 jobs during the month of July. Those numbers come as Texas unemployment rates are at their lowest since February 2020.
The Austin-Round Rock area has one of the lowest in the state, at 3.1%. And from June to July 2022, the unemployment rate did not fluctuate with around 41,457 unemployed residents.
La Agencia para las Soluciones Laborales del Área de la Capital, o Workforce Solutions Capital Area, invita a los solicitantes de trabajo a una feria informativa el sábado 20 de agosto en la Iglesia Monte Zion ubicada en 4301 Tannehill de 10:00-11:30 am.
“Lo que estamos haciendo es ofreciendo becas para la comunidad para que puedan ir al entrenamiento y desarrollar sus habilidades y les ayudamos a encontrar trabajo”, dijo Jessie Camarillo, de la Agencia para las Soluciones Laborales del Área de la Capital.