AQUA BOOK 2014 - Page 17

Duval County BY THE NUMBERS 2013 Population 11,632 Employment 5,757 Unemployment Rate 6.1% Wages Per Employee $53,385 Average Personal Income $43,644 Sales Volume ($ mil) 431 Duval county 14 12 10 4 2009 2010 2011 2012 2013 2 0 2008 2009 2010 2011 2012 2013 volume of business receipts expanded at a strong pace of 14 percent in 2013. Agriculture 0.8% Government 32.1% Accommodation & Food Services 2.2% Arts & Recreation 0.3% Health Care & Social Assistance Administrative & 6.1% Support Real 0.4% Educational Management of Estate & Services (Private) Rental Businesses 0.0% 0.5% 0.0% Texas 6 Mining 19.9% Other Services (except Public Admin) 7.2% U.S. 8 Industry Composition by Employment, 2013 Unclassified Industry 0.0% Change From 2008 -2.6% 13.6% 0.6% 27.7% 47.8% 125.0% Unemployment Rate Employment Growth experienced 15% substantial economic growth 10% in recent years. The county’s total employment gained 5% 4.1 percent in 2013, well above 0% 2008 the Coastal Bend regional average of -5% 2.5 percent. With unemployment -10% returning to pre2008 levels, wages and household income are growing at double-digit rates. Along with rapid expansion of the local economy, the Change From 2012 -0.7% 4.1% -0.6% 10.8% 11.5% 13.8% Utilities 0.5% Construction 13.9% Retail Trade 7.4% Manufacturing 0.8% Total employment in Duval county has undergone relatively more fluctuations in recent years than other counties in the Coastal Bend. After the economic setback in 2009, its labor market added the most jobs in mid-2012. Since then, employment growth subsided to about 3 percent by the end of 2013, compared to over 9 percent in June 2012. Despite solid job gains, the county’s unemployment has remained elevated as a result of skills mismatches. The current unemployment rate for Duval county is above 6 percent. Wholesale Trade 1.4% Transportation & Information Warehousing 0.6% 4.0% Professional & Finance & Scientific Insurance Services 1.3% 0.8% Annual Review of the South Texas Economy – 2014 Edition | 15