Texas Tech Industry Employment - And the Broader Employment Picture

Labor The tech industry is a cornerstone of economic growth and innovation in Texas. Austin, Dallas, and Houston are the three major tech hubs in the state and have attracted numerous tech giants and startups alike. The rising level of tech employment helped fuel the high rate of economic growth in Texas. However, a recent series of layoffs in the tech industry has impacted workers in the tech industry and the broader employment landscape of some tech-heavy areas. This blog delves into the post-pandemic tech layoffs in Texas and its effect on the state's labor market and unemployment rate. Despite its widespread usage, the so-called tech industry is actually not well-defined. The Texas Workforce Commission (TWC) has taken steps to provide a definition using data from the Bureau of Labor Statistics (BLS) in its Current Employment Statistics (CES) program. The CES program provides estimates of employment, hours, and earnings of workers on nonfarm payrolls on a monthly basis. The TWC uses...