Tag: Texas Economy

Both crude oil and natural gas prices decrease in March

prices_2015_03

WTI crude oil price decreased from $49.84 per barrel in February 2015 to $48.66 per barrel in March 2015. Natural gas price fell from $2.79 per million BTU (one million BTU is approximately 974 cubic feet) in February 2015 to $2.64 per million BTU in March 2015.

production_2015_01

Texas crude oil production for January 2015 was 68,949,268 barrels, down from 77,599,222 barrels reported in December 2014. Texas natural gas production was 607,631,634 Mcf (thousand cubic feet) of gas in January 2015, down from the December 2014 gas production total of 674,495,129 Mcf.

Sources: eia.gov, rrc.state.tx.us

Texas healthcare jobs increased by 0.2% from Jan to Feb

healthcare

The health care and social assistance industry gained 3,000 jobs from January 2015 to February 2015. Compared to February 2014, the cumulative number of jobs added in this industry is 43,500, an annual increase of 3.3%.

Source:http://www.tracer2.com/admin/uploadedPublications/2133_TLMR-March_15.pdf

Image source: http://blogs.wsj.com/health/2012/01/06/health-care-sector-adds-jobs-as-overall-employment-picture-looks-healthier/

Texas oil and gas extraction jobs decreased by 1.1% from Jan to Feb

texas-oil-and-gas-image

The oil and gas extraction industry in Texas lost 1,100 jobs from January 2015 to February 2015. Compared to February 2014, the cumulative number of jobs added in this industry is 1,400, an increase of 1.4%.

Source: http://www.tracer2.com/admin/uploadedPublications/2133_TLMR-March_15.pdf

Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/

Texas hydro-fracturing job openings decreased from Dec to Jan

petroleum engineerThe number of job openings in Texas for “petroleum engineers” and “geological and petroleum technicians” decreased from 595 in December 2014 to 517 in January 2015, while the searcher-to-job opening ratio also increased from 0.78 to 1.07 in the same span.

petro_engineer_2015_01
The number of job openings in Texas for “derrick operators” and “roustabouts” decreased from 259 in December 2014 to 178 in January 2015, while the searcher-to-job opening ratio also decreased from 10.35 to 6.14 in the same span.

roustabout_2015_01

Source: BLS

Image source: http://wonderfulengineering.com/what-is-petroleum-engineering/

Texas job openings by major occupational group for January

Texas January 2015

Total number of job openings and median searcher-to-job ratio across all MSAs (metropolitan statistical areas) for each major occupational group in Texas in January 2015.

Occupation Job Openings Searchers-to-Job Ratio
Management, business, and financial occupations 56,662 0.58
Professional and related occupations 83,549 0.67
Office and administrative support occupations 55,482 0.89
Sales and related occupations 30,126 1.18
Service occupations 64,965 1.42
Installation, maintenance, and repair occupations 18,437 1.48
Transportation and material moving occupations 19,703 1.67
Production occupations 21,721 2.09
Farming, fishing, and forestry occupations 937 5.4
Construction and extraction occupations 14,583 5.44

Source: BLS

Texas job openings by major occupational group for January

Texas January 2015

Total number of job openings and median searcher-to-job ratio across all MSAs (metropolitan statistical areas) for each major occupational group in Texas in January 2015.

Occupation Job Openings Searchers-to-Job Ratio
Management, business, and financial occupations 56,662 0.58
Professional and related occupations 83,549 0.67
Office and administrative support occupations 55,482 0.89
Sales and related occupations 30,126 1.18
Service occupations 64,965 1.42
Installation, maintenance, and repair occupations 18,437 1.48
Transportation and material moving occupations 19,703 1.67
Production occupations 21,721 2.09
Farming, fishing, and forestry occupations 937 5.4
Construction and extraction occupations 14,583 5.44

Source: BLS

Texas saw greater increase in job openings than US and Cali for Jan

Texas both experienced a greater increase in job openings than California and US for the month of January.

January 2015

State Total Openings Monthly Change Yearly Change
California 425,877 -2.33% -5.15%
Texas 366,165 35.19% 27.41%
USA 4,393,597 27.61% 22.75%

Source: BLS