Texarkana-Region Economic and Labor Market Profile

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T.L.L. TEMPLE FOUNDATION

SUMMARY OF FINDINGS largest occupational families in the • The Texarkana region are office and administrative

support; sales and related; and transportation and material moving. The largest sources of growth are expected to be food preparation; healthcare support; and management. Office and administrative support occupations are expected to lose jobs over the next 5 years.

Prior to the Pandemic, the occupational families that gained the most jobs were educational instruction and library; management; and business and financial operations. The occupational families that lost the most jobs were office and administrative support; installation, maintenance, and repair; and sales and related. During the Pandemic, the hardest hit occupations were food preparation and serving; office and administrative support; and sales and related.

LQs show the share of • Occupational occupational employment relative to the

nation. LQs above 1 indicate a higher share of occupational employment in comparison to the nation. In the Texarkana region, the occupational LQs that are above average are installation, maintenance, and repair and food preparation. The detailed occupations with the highest LQs reflect the region’s forest and forest products cluster, various production occupations related to the manufacturing that takes place in the region, and maintenance occupations to maintain the related machinery.

skill level of occupations is determined by • The the education required for entry, the experience

required, and the level of on-the-job training. Low-skill jobs are those that require a high school diploma or less, no experience, and minimal on-the-job training. Middle-skill jobs require more than a high school diploma but less than a four-year degree. High-skill jobs require a bachelor’s degree or higher. In the Texarkana region, the share of middle-skill jobs is slightly larger than that of the state and nation while the share of high-skill jobs is somewhat smaller.

2008, the number of low and middle• Since skill jobs had declined but is expected to grow over the next 5 years. The number of highskill jobs has grown significantly in recent years and is expected to continue to grow.

high-skill occupations that are highest • The in-demand include nurses and various

management; business and operations; and education and training occupations. With the exception of substitute teachers, all of these occupations pay more than $20 an hour and three meet the threshold for high wage with median hourly earnings above $45. More than half of the occupations face a high degree of retirement exposure but few face above average risk of automation.

middle-skill occupations that are highest • The in-demand include various first-line supervisors; maintenance and repair occupations; and skilled trades and production-related occupations. With just a few exceptions, these occupations earn more than $15 an hour. The workers in these occupations tend to be younger with fewer workers nearing retirement and more face above average risk of automation.

wage level of occupations is determined • The by the average hourly earnings. Low-wage jobs

are those that have average hourly earnings less than $15.00. Middle-wage jobs have average hourly earnings between $15.00 and $45.00. High-wage jobs have average hourly earnings more than $45.00. The Texarkana region has a relatively high share of low-wage jobs in comparison to the US and a relatively low share of high-wage jobs. About 60 percent of jobs pay, on average, between $15 and $45 per hour.

2008, the number of middle-wage jobs • Since declined while the number of high and low-

wage jobs has increased. Over the next five years, the number of middle-wage jobs is expected to continue to stay relatively flat while lowwage and high-wage jobs continue to grow.

TEXARKANA REGION ECONOMIC AND LABOR MARKET PROFILE

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