Dr. Perryman discussses Texas' strong efforts in corporate relocations and jobs.
The dynamic Texas economy has been leading the way in job creation and opportunities. At the same time, future performance hinges on the ability to meet demand for workers in the midst of substantial demographic challenges. In fact, despite record numbers of people working in the state, there are presently around 800,000 unfilled jobs in Texas. We recently looked at the need for employees by occupation over the next 10 years based on our projections of economic growth by industry.
Texas continues to shatter records for new jobs. The expansion has been broad based, both in terms of industries and geographic areas. Our latest projections call for notable employment gains over the next five years, though the pace will vary along with external conditions.