Lufkin-Nacogdoches Region Economic and Labor Market Profile

Page 6

T.L.L. TEMPLE FOUNDATION

SUMMARY OF FINDINGS

the Pandemic, accommodation and • During food services; healthcare; and administrative and support services were the top job losers. Finance and insurance; manufacturing; and

79,159

79,142

79,485

80,402

80,356

80,092

79,581

79,984

80,307

78,545

2012

2013

2014

2015

2016

2017

2018

2019

2020

mining, quarrying, and oil and gas; and finance and insurance. The top job losers were manufacturing, retail trade, and healthcare.

2011

to the Pandemic, the region’s top job • Prior gainers were accommodation and food services;

79,834

sources of growth over the next five years are expected to be healthcare; mining, quarrying, and oil and gas; and accommodation and food services.

2010

largest industry sectors in the region are • The healthcare, education, and retail trade. The largest

79,942

Lufkin-Nacogdoches experienced a period sluggish growth, which hindered the region’s path to recovery. In fact, the region never did fully recover the jobs lost before the most recent Pandemic.

quotients (LQs) measure the share of • Location local industry employment relative to the nation.

2009

contrast to the State and the US, which had • Inrecovered from the Great Recession by 2013, the

Figure 1. TOTAL EMPLOYMENT, LUFKINNACOGDOCHES REGION, 2008-2020

agriculture, forestry, fishing and hunting were the top job gainers between 2019 and 2020.

82,395

number of jobs in the region was still 3 percent lower than its 2008 peak. Then, the Pandemic resulted in an additional loss of about 2 percent of the region’s jobs between 2019 and 2020.

DATA ANALYSIS

2008

Lufkin-Nacogdoches region had an • The employment base of 78,545 in 2020. In 2019, the

T.L.L. TEMPLE FOUNDATION

A high location quotient can be an indicator of a potential competitive advantage. In the LufkinNacogdoches region, the mining, quarrying, and oil and gas; agriculture, forestry, fishing and hunting; utilities; education; and manufacturing sectors have above average LQs. Looking within these sectors, the region shows distinct strengths in forestry and forest products cluster as well as livestock production and processing.

sectors that are expected to grow the most • The and pay the best wages are healthcare; finance and

insurance; and construction. Though manufacturing is one of the largest sectors in the region and pays some of the highest wages, the sector is not expected to gain jobs between 2021 and 2026.

this region, there are two primary and • Within distinct job centers—one in Lufkin and a slightly

smaller one in Nacogdoches. These job centers, for the most part, share a common labor draw area.

Figure 2. COMPARATIVE EMPLOYMENT GROWTH, 2008=100

forest products; and regional hospitals.

120

largest employers include Stephen F Austin • The State University, poultry processing facilities,

Lufkin-Nacogdoches Texas US

119

116 109

110

104 100

97 95 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

90

Source (Both): Emsi 2021.2 – QCEW Employees, Non-QCEW Employees, and Self-Employed.

LUFKIN-NACOGDOCHES REGION ECONOMIC AND LABOR MARKET PROFILE

6

7

LUFKIN-NACOGDOCHES REGION ECONOMIC AND LABOR MARKET PROFILE


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.