Note: Calculations reflect seasonally adjusted jobs. Sources: Texas Workforce Commission and Texas Comptroller of Public Accounts Exhibit 1: Percentage Change in Texas Manufacturing Jobs Since February 2020 Total Texas jobs, by comparison, were down 4.6 percent during this period ( Exhibit 1). Jobs related to the production of non-durable goods, such as pharmaceuticals and food products, fell by 7,400 (2.3 percent). Job losses were particularly hard on manufacturers of durable goods, such as fabricated metals and machinery equipment, which shed 46,500 jobs (8.0 percent) during this period. COVID-19 Impact on Texas ManufacturingĪs of February 2021, Texas’ seasonally adjusted total manufacturing jobs remained 53,900 (5.9 percent) below pre-COVID-19 levels in February 2020. To provide further insights, these trends also are examined at the regional level since the composition of Texas manufacturing vary greatly by region. The exhibits below highlight overall trends in manufacturing and identify Texas’ industrial strengths. The state’s abundant natural resources give it inherent strengths as a producer of energy-related products. leader in international exports of manufactured goods. The state has an extensive supply chain network of airports, seaports, interstate highways and railways it is the U.S. Texas offers an attractive environment for manufacturing activity. These characteristics of innovation and competition translate to high-paying jobs – average annual wages for all manufacturing jobs were more than $79,700 in 2019, compared to $59,800 for all Texas jobs. The sector stimulates employment in related sectors and services and remains a vital spark to innovation and economic development many advanced manufacturing industries invest heavily in scientific and technological research and development (R&D). Manufacturing remains a key economic development magnet for communities. Moreover, Texas manufacturing’s contribution to state GDP rose by 85 percent (after adjusting for inflation) between 20, outpacing total statewide GDP growth. To put Texas’ manufacturing sector in perspective, its economic output is larger than the manufacturing GDP in both Russia and Mexico, and it is larger than the entire economy of Portugal. Manufacturing directly employed about 909,000 Texans and contributed $241 billion to Texas’ gross domestic product (GDP) in 2019, about 13 percent of the state’s total economic output. The state’s resources make it a natural leader in petroleum and chemical manufacturing its research institutions have fostered computer-related and other high-tech manufacturing and a business-friendly environment and skilled labor have helped create a burgeoning automotive manufacturing sector. Texas has an extraordinary manufacturing economy.

Texas regional hyperfleet