AQUA BOOK 2014 - Page 10

Coastal Bend The Coastal Bend region as a whole has a well-diversified economic landscape, although certain industries are more concentrated in different counties. The government and heath care sectors are the leading employers, followed by retail trade and hospitality. Although the mining sector accounts for no more than 7 percent of overall regional employment, the number of employees working in that sector regionally is more than 10 times that of a typical U.S. community. Likewise, construction accounts for only 8.3 percent of all jobs in the Coastal Bend, but the share of those jobs is twice as much as that in other U.S. regions. Employment Growth 2012-13 by Industry Government Other Services (except Public Admin) Accommodation & Food Services Arts & Recreation Health Care & Social Assistance Educational Services (Private) Administrative & Support Management of Businesses Professional & Scientific Services Real Estate & Rental Finance & Insurance Information Transportation & Warehousing Retail Trade Wholesale Trade Manufacturing Construction Utilities Mining Agriculture Rapid growth in the mining and construction industries during recent years has contributed to the increasing shares of those jobs in the regional labor market. Beyond those two industries, soaring Eagle Ford oil and gas production has significantly boosted local businesses -25% -20% -10% -5% 0% 5% 10% 15% 20% and thus employment in lodging and food services. Home Starts Sales Volume, $mil (left scale) Y-o-Y % Change (right scale) 25,000 -15% 100% 80% 20,000 2,500 2,000 60% 40% 15,000 1,500 20% 10,000 0% -20% 5,000 -40% 0 -60% 2008 2009 2010 Most communities in the 2011 Coastal Bend are experiencing either direct or ripple effects of the Eagle Ford oil boom. The total volume of business sales in the region reached a four-year peak in early 2012, and then began to  | 2012 2013 1,000 5