AQUA BOOK 2014 - Page 20

Jim Wells County The key private industries in Jim Wells County are mining and health care, each accounting for over 20 percent of all jobs within the county. Since 2008, the number of jobs in support of the booming oil and gas drilling activity has more than doubled to over 5,000. Christus Spohn Hospital in the city of Alice is the primary health care provider in the county. More than 3,000 individuals have been working for ambulatory services since 2008. 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 Activity at the Eagle Ford region has shifted the makeup of Jim Wells county’s labor market. Economic development in the county has been widespread across industries. Over the years, the shale oil boom has generated rapid expansion in lodging, health care, waste management and rental services, in addition to operators in the oilfields. -30% -20% -10% Sales 1,200 100% 2012 Rapid business growth in Jim Wells county has emerged from the soaring oil and gas drilling activity in the region. The county’s business receipts more than doubled between 2010 and 2011. Since then, business activity has shown signs 18 | 20 10 -60% 2011 30 -40% 2010 40 -20% 0 50 0% 200 60 20% 400 70 40% 600 80 60% 800 2009 20% 90 80% 2008 10% Home Starts 120% Volume, $mil (left scale) Y-o-Y % Change (right scale) 1,000 0% 0 2013 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 of regressing as oil drilling activity in its neighboring counties has tapered off. The local housing market has returned to normalcy after the housing bubble ended in 2006. In 2005, more than 80 new homes Annual Review of the South Texas Economy – 2014 Edition were built. During the past two years, approximately 35 new homes were built annually. The average value of new homes remains very affordable at 50 percent below the national average.