Jim Wells County
BY THE NUMBERS
2013
Population
42,280
Employment
24,601
Unemployment Rate
4.9%
Wages Per Employee
$55,240
Average Personal Income
$48,306
Sales Volume ($ mil)
2,986
New Home Value
$107,800
— % National Average
48%
Jim Wells county
Employment Growth
has undergone
15%
considerable
economic growth
10%
in association with
the oil boom in
5%
South Texas. The
economy revved
0%
up rapidly after the
2008
2009
depths of the last
-5%
economic slump in
2009. Since 2010,
-10%
nearly 2,500 jobs
have been created
in support of oil
and gas extraction. In 2013, the county’s
unemployment rate fell below 5 percent.
Wages and income growth among
Unclassified
Industry
0.0%
Unemployment Rate
10
Texas
6
4
2010
2011
2012
2013
2
0
2008
2009
2010
2011
2012
2013
residents in the county were more than
twice those of the rest of the nation.
Agriculture
1.1%
Government
10.7%
Mining
24.6%
Utilities
0.2%
Jim Wells county’s economy
underwent sharp expansion for two years
after 2009. Employment growth peaked
in late 2011 with year-over-year growth
rates over 10 percent. With the local labor
market approaching full capacity and
unemployment falling below 5 percent,
the pace of employment growth has
slowed down recently. By the end of
2013, the growth trend had reversed to
negative.
Construction
2.1%
Health Care &
Social Assistance
20.5%
Manufacturing
3.5%
Retail
Trade
8.1%
Administrative &
Support
1.8% Professional & Real
Management
Scientific Estate & Finance &
of Businesses
Rental Insurance
Services
0.9%
1.9%
2.7%
1.9%
U.S.
8
Arts & Recreation
0.3%
Educational
Services (Private)
0.3%
Change
From 2008
4.3%
13.7%
0.6%
37.8%
40.3%
103.6%
2.5%
12
Industry Composition by Employment, 2013
Other Services
(except Public
Admin)
1.7%
Accommodation
& Food Services
6.6%
Change
From 2012
1.3%
1.4%
0.0%
5.2%
10.0%
-19.5%
0.0%
Wholesale Trade
7.0%
Information
0.3%
Transportation &
Warehousing
3.9%
Annual Review of the South Texas Economy – 2014 Edition
|
17