Author: Adela Botello

The State of Texas saw a -13% percent change and Victoria saw a 12% change in job postings in the past month

On July 04 there were 182331 job postings open in the state of Texas. On August 04 there were 158814 job postings open in the state of Texas. The state of Texas experienced a -13% percent change in the number of total job postings open. The Dallas/Fort Worth region experienced the highest number of job postings open as of July 04 , and Dallas/Fort Worth region experienced the highest number of job postings open as of August 04 . Victoria experienced the largest change in job postings over the July 2020 to August 04 time period .

The job postings open in the following Texas regions are outlined below:

Abilene : -7% change in job postings ( From 1930 openings on July 04 to 1797 openings on August 04 )
Amarillo : -8% change in job postings ( From 2462 openings on July 04 to 2275 openings on August 04 )
Austin : -13% change in job postings ( From 7330 openings on July 04 to 6411 openings on August 04 )
Beaumont : -21% change in job postings ( From 2474 openings on July 04 to 1966 openings on August 04 )
Bryan : -5% change in job postings ( From 2346 openings on July 04 to 2224 openings on August 04 )
Corpus Christi : -6% change in job postings ( From 6894 openings on July 04 to 6494 openings on August 04 )
Dallas/Fort Worth : -14% change in job postings ( From 49324 openings on July 04 to 42486 openings on August 04 )
Del Rio/Eagle Pass : -4% change in job postings ( From 392 openings on July 04 to 378 openings on August 04 )
El Paso : 1% change in job postings ( From 7761 openings on July 04 to 7832 openings on August 04 )
Houston/Galveston : -17% change in job postings ( From 49023 openings on July 04 to 40622 openings on August 04 )
Laredo : -6% change in job postings ( From 2269 openings on July 04 to 2137 openings on August 04 )
Lubbock : 8% change in job postings ( From 5067 openings on July 04 to 5474 openings on August 04 )
Lufkin/Nacogdoches : -7% change in job postings ( From 1232 openings on July 04 to 1145 openings on August 04 )
McAllen/Brownsville : -24% change in job postings ( From 1810 openings on July 04 to 1377 openings on August 04 )
Midland/Odessa : -19% change in job postings ( From 3388 openings on July 04 to 2758 openings on August 04 )
San Angelo : 10% change in job postings ( From 437 openings on July 04 to 479 openings on August 04 )
San Antonio : -15% change in job postings ( From 27066 openings on July 04 to 22954 openings on August 04 )
Sherman/Denison : -20% change in job postings ( From 1024 openings on July 04 to 818 openings on August 04 )
Texarkana : 9% change in job postings ( From 1175 openings on July 04 to 1281 openings on August 04 )
Tyler/Longview : -15% change in job postings ( From 4081 openings on July 04 to 3449 openings on August 04 )
Victoria : 12% change in job postings ( From 655 openings on July 04 to 735 openings on August 04 )
Waco/Temple/Killeen : -9% change in job postings ( From 3161 openings on July 04 to 2871 openings on August 04 )
Wichita Falls : -17% change in job postings ( From 1030 openings on July 04 to 851 openings on August 04 )

The State of Texas saw a 10% percent change and Lufkin/Nacogdoches saw a 30% change in job postings in the past month

On June 07 there were 162175 job postings open in the state of Texas. On July 07 there were 179085 job postings open in the state of Texas. The state of Texas experienced a 10% percent change in the number of total job postings open. The Dallas/Fort Worth region experienced the highest number of job postings open as of June 07 , and Dallas/Fort Worth region experienced the highest number of job postings open as of July 07 . Lufkin/Nacogdoches experienced the largest change in job postings over the June 2020 to July 07 time period .

The job postings open in the following Texas regions are outlined below:

Abilene : 3% change in job postings ( From 1850 openings on June 07 to 1911 openings on July 07 )
Amarillo : 2% change in job postings ( From 2319 openings on June 07 to 2367 openings on July 07 )
Austin : 12% change in job postings ( From 6229 openings on June 07 to 6972 openings on July 07 )
Beaumont : 6% change in job postings ( From 2268 openings on June 07 to 2408 openings on July 07 )
Bryan : 21% change in job postings ( From 1971 openings on June 07 to 2386 openings on July 07 )
Corpus Christi : 17% change in job postings ( From 5899 openings on June 07 to 6886 openings on July 07 )
Dallas/Fort Worth : 8% change in job postings ( From 45596 openings on June 07 to 49088 openings on July 07 )
Del Rio/Eagle Pass : 19% change in job postings ( From 355 openings on June 07 to 424 openings on July 07 )
El Paso : 20% change in job postings ( From 6602 openings on June 07 to 7950 openings on July 07 )
Houston/Galveston : 9% change in job postings ( From 43270 openings on June 07 to 47332 openings on July 07 )
Laredo : 10% change in job postings ( From 2128 openings on June 07 to 2331 openings on July 07 )
Lubbock : 13% change in job postings ( From 4515 openings on June 07 to 5097 openings on July 07 )
Lufkin/Nacogdoches : 30% change in job postings ( From 923 openings on June 07 to 1202 openings on July 07 )
McAllen/Brownsville : 9% change in job postings ( From 1612 openings on June 07 to 1761 openings on July 07 )
Midland/Odessa : 10% change in job postings ( From 2954 openings on June 07 to 3263 openings on July 07 )
San Angelo : 18% change in job postings ( From 389 openings on June 07 to 460 openings on July 07 )
San Antonio : 11% change in job postings ( From 23789 openings on June 07 to 26517 openings on July 07 )
Sherman/Denison : -2% change in job postings ( From 967 openings on June 07 to 952 openings on July 07 )
Texarkana : 6% change in job postings ( From 1085 openings on June 07 to 1146 openings on July 07 )
Tyler/Longview : 19% change in job postings ( From 3289 openings on June 07 to 3919 openings on July 07 )
Victoria : 15% change in job postings ( From 557 openings on June 07 to 641 openings on July 07 )
Waco/Temple/Killeen : 20% change in job postings ( From 2590 openings on June 07 to 3111 openings on July 07 )
Wichita Falls : -6% change in job postings ( From 1018 openings on June 07 to 961 openings on July 07 )

The State of Texas saw a 6% percent change and San Angelo saw a 44% change in job postings in the past month

On May 02 there were 147024 job postings open in the state of Texas. On June 02 there were 155582 job postings open in the state of Texas. The state of Texas experienced a 6% percent change in the number of total job postings open. The Dallas/Fort Worth region experienced the highest number of job postings open as of May 02 , and Dallas/Fort Worth region experienced the highest number of job postings open as of June 02 . San Angelo experienced the largest change in job postings over the May 2020 to June 02 time period .

The job postings open in the following Texas regions are outlined below:

Abilene : 38% change in job postings ( From 1295 openings on May 02 to 1788 openings on June 02 )
Amarillo : 14% change in job postings ( From 1850 openings on May 02 to 2110 openings on June 02 )
Austin : 25% change in job postings ( From 4848 openings on May 02 to 6049 openings on June 02 )
Beaumont : 29% change in job postings ( From 1658 openings on May 02 to 2131 openings on June 02 )
Bryan : 21% change in job postings ( From 1521 openings on May 02 to 1847 openings on June 02 )
Corpus Christi : -5% change in job postings ( From 5710 openings on May 02 to 5407 openings on June 02 )
Dallas/Fort Worth : 1% change in job postings ( From 43466 openings on May 02 to 44069 openings on June 02 )
Del Rio/Eagle Pass : 12% change in job postings ( From 284 openings on May 02 to 317 openings on June 02 )
El Paso : -18% change in job postings ( From 7671 openings on May 02 to 6307 openings on June 02 )
Houston/Galveston : 8% change in job postings ( From 39066 openings on May 02 to 42071 openings on June 02 )
Laredo : -16% change in job postings ( From 2465 openings on May 02 to 2065 openings on June 02 )
Lubbock : -3% change in job postings ( From 4358 openings on May 02 to 4216 openings on June 02 )
Lufkin/Nacogdoches : 16% change in job postings ( From 709 openings on May 02 to 825 openings on June 02 )
McAllen/Brownsville : 16% change in job postings ( From 1304 openings on May 02 to 1519 openings on June 02 )
Midland/Odessa : 14% change in job postings ( From 2496 openings on May 02 to 2856 openings on June 02 )
San Angelo : 44% change in job postings ( From 256 openings on May 02 to 369 openings on June 02 )
San Antonio : 8% change in job postings ( From 21012 openings on May 02 to 22788 openings on June 02 )
Sherman/Denison : 32% change in job postings ( From 699 openings on May 02 to 925 openings on June 02 )
Texarkana : 24% change in job postings ( From 821 openings on May 02 to 1016 openings on June 02 )
Tyler/Longview : 30% change in job postings ( From 2374 openings on May 02 to 3077 openings on June 02 )
Victoria : 30% change in job postings ( From 423 openings on May 02 to 548 openings on June 02 )
Waco/Temple/Killeen : 23% change in job postings ( From 1921 openings on May 02 to 2358 openings on June 02 )
Wichita Falls : 13% change in job postings ( From 817 openings on May 02 to 924 openings on June 02 )

The Dallas/Fort Worth Metropolitan Area Reported the Highest Employer Demand this Month

For the month of May 2020 employers in the Dallas/Fort Worth metropolitan area posted the highest number of new job openings in the state of Texas. In the last month, there have been 42000 job postings in the Dallas/Fort Worth metropolitian area. Houston/Galveston reported the second highest number of job openings in Texas, with 39162 job postings this month.

In the Dallas/Fort Worth area, Software Developers, Application were the most widely sought after positions by prospective employers, with a total of 3027 job positings this month. The other job positions that experienced the highest demand this month in the Dallas/Fort Worth area were Computer Occupations, All Other with 2123 job postings, and Sales Reps, Exc Tech/Sci Product with 1617 openings.

The State of Texas saw a -12% percent change and Laredo saw a 13% change in job postings in the past month

On April 01 there were 166718 job postings open in the state of Texas. On May 01 there were 146510 job postings open in the state of Texas. The state of Texas experienced a -12% percent change in the number of total job postings open. The Dallas/Fort Worth region experienced the highest number of job postings open as of April 01 , and Dallas/Fort Worth region experienced the highest number of job postings open as of May 01 . Laredo experienced the largest change in job postings over the April 2020 to May 01 time period .

The job postings open in the following Texas regions are outlined below:

Abilene : 0% change in job postings ( From 1264 openings on April 01 to 1262 openings on May 01 )
Amarillo : -10% change in job postings ( From 2051 openings on April 01 to 1838 openings on May 01 )
Austin : -3% change in job postings ( From 4932 openings on April 01 to 4801 openings on May 01 )
Beaumont : -24% change in job postings ( From 2150 openings on April 01 to 1638 openings on May 01 )
Bryan : -28% change in job postings ( From 2115 openings on April 01 to 1515 openings on May 01 )
Corpus Christi : -15% change in job postings ( From 6855 openings on April 01 to 5808 openings on May 01 )
Dallas/Fort Worth : -18% change in job postings ( From 53162 openings on April 01 to 43326 openings on May 01 )
Del Rio/Eagle Pass : -9% change in job postings ( From 309 openings on April 01 to 282 openings on May 01 )
El Paso : -9% change in job postings ( From 8574 openings on April 01 to 7780 openings on May 01 )
Houston/Galveston : -5% change in job postings ( From 40943 openings on April 01 to 38848 openings on May 01 )
Laredo : 13% change in job postings ( From 2203 openings on April 01 to 2496 openings on May 01 )
Lubbock : -10% change in job postings ( From 4865 openings on April 01 to 4400 openings on May 01 )
Lufkin/Nacogdoches : -16% change in job postings ( From 865 openings on April 01 to 727 openings on May 01 )
McAllen/Brownsville : -9% change in job postings ( From 1425 openings on April 01 to 1296 openings on May 01 )
Midland/Odessa : -20% change in job postings ( From 3117 openings on April 01 to 2503 openings on May 01 )
San Angelo : -28% change in job postings ( From 351 openings on April 01 to 253 openings on May 01 )
San Antonio : -15% change in job postings ( From 24339 openings on April 01 to 20746 openings on May 01 )
Sherman/Denison : 5% change in job postings ( From 643 openings on April 01 to 675 openings on May 01 )
Texarkana : -4% change in job postings ( From 842 openings on April 01 to 811 openings on May 01 )
Tyler/Longview : 0% change in job postings ( From 2344 openings on April 01 to 2339 openings on May 01 )
Victoria : -15% change in job postings ( From 496 openings on April 01 to 423 openings on May 01 )
Waco/Temple/Killeen : -9% change in job postings ( From 2109 openings on April 01 to 1929 openings on May 01 )
Wichita Falls : 7% change in job postings ( From 764 openings on April 01 to 814 openings on May 01 )

Preparing for Loss of Business Claims following COVID-19

The rise of COVID-19, followed by national stay-at-home orders, has caused many employers to temporarily close, furlough or completely lay off employees, and perhaps unfortunately, close their doors completely.  Businesses, no matter how small or large, are feeling the effects.  And so is their bottom line.  In the coming years, employment attorneys may see an increase in the number of businesses seeking claims for business interruption insurance.  When such cases arise, it is crucial to get the correct documents from the business in order to determine exactly how much revenue was lost.

As a general rule when valuing the lost profits of a business, it is important to get as much detailed information as possible for the past three to five years.  Tax records for the business will provide general information about the businesses success and overall projections for the future.  Profits and losses from past years of the business will allow economists to determine the trajectory of the business prior to the interruption.  If a business was declining in profits or had negative profits prior to the interruption, it is unlikely the business would have stayed afloat even if the interruption had not occurred.  On the other hand, a business could have been experiencing steady increases in profits or had plans to expand that were abruptly halted.  Understanding the overall state of the business is important to value potential losses.

In addition, weekly revenue and expense records will provide a much clearer picture of the state of the business pre- and post-disruption.  With a restaurant for example, it would be important to know each week what the typical sales were from food and alcohol separately, as well as the typical expenses associated with items like food purchasing, staff, and electricity prior to any disruption.  Detailed records prior to the disruption will then be able to be compared to current and future revenue and expenses to determine what the business has lost.  

Keep in mind, the type of information that will be available for each type of business will be different, as will the metrics of success.  However, this information above will give an economist the relevant background to assess any damages to the business.