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Presentation on theme: "RandleReport.com SB-D.com SouthernAutoCorridor.com"— Presentation transcript:

1 RandleReport.com SB-D.com SouthernAutoCorridor.com

2 Total Deals - Manufacturing vs. Services
SB&D Year Mfg Services *Total Deals Source: SB&D. *Total Announced Deals meeting or exceeding 200 jobs and/or $30 million in investments or more.

3 Total Deals - Manufacturing vs. Services
SB&D Year Mfg Services *Total Deals Source: SB&D. *Total Announced Deals meeting or exceeding 200 jobs and/or $30 million in investments or more.

4 2016 2015 2014 2013 2012 Top Industries Number of Projects
1. Automotive 2. Petrochemicals 3. Financial Services 4. Food & Beverage 5. Distribution 6. Oil & Gas 7. Headquarters 8. Call Centers 9. Aviation/Aerospace 10. Misc. Manufacturing 11. Building Materials 12. Information Tech 13. Misc. Services 14. Renewable Energy 15. Fossil Energy 16. Healthcare 17. Logistics 18. Data Centers 19. Metals 20. Paper 21. Textiles 22. Pharmaceuticals 23. Cybersecurity

5 The U. S. is at full employment for the first time since July 2000
The U.S. is at full employment for the first time since July Unemployment rate: 4.3 percent (July 2017) 82 months: Longest consecutive monthly job gains in U.S. history 98 months: Third-longest recovery period in U.S. history

6 We are running out of labor
We are running out of labor. 200,000 a month: For decades the number of people entering the workforce on average each month (16-65 years old) 71,000 a month: Average number of people entering the workforce in 2016 and ,000 a month: Projected average number of people entering the workforce from ,000 a month: Average number of jobs created per month ,000 to 75,000 a month: Projected average number of jobs created for many years to come unless immigration is increased dramatically, not cut

7 ”But 95 million Americans are outside the workforce,” inferring there are 95 million Americans without a job who want one. Of those, according to government resources: Family caretakers: 12.9 million Disabled: 15.4 million College students: 20.5 million Retirees: 44.1million Drug addiction, mentally ill? Total: 92.9 million of the 95 million that are outside the workforce have a reason not to work or look for a job.

8 Worker participation 1970: 60. 4 percent 1999: 67. 1 percent 2017: 63
Worker participation 1970: 60.4 percent 1999: 67.1 percent 2017: 63.8 percent Worker participation includes anyone ages 16 to 65 seeking a job or employed full or part-time. (U-3 model)

9 So, what do we do about an exhausted labor shed
So, what do we do about an exhausted labor shed? 1: “We can accept slower growth.” 2: “We can subsidize fertility, which is pretty expensive, right?” 3: Or you (we) can embrace immigration. And those are the three choices. . .and that’s literally math. . .and you can pick which one you like.” -Minneapolis Federal Reserve Bank President, Neel Kashkari

10 So, you can’t find skilled labor
So, you can’t find skilled labor. That’s the going theme among employers in this country for five years, right? Forget skilled labor, what about unskilled labor? There is an enormous demand for low-skilled workers such as farm and construction workers, food prep, janitors, personal care and home health aides.

11 Yes, we need to build a wall, to keep undocumented workers in this country." (Note: Exactly one-half of all Texas construction workers are undocumented.) - Michael Randle, Southern Economic Development January 2015

12 Jobs lost to automation 5 million: Estimated number of current jobs lost to automation by percent: Estimated number of current jobs lost to automation by 2040


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