The labor shortage in Texas is a multifaceted issue that has been a growing concern for businesses across the state. Fortunately, it’s easier to act strategically in this challenging climate by understanding the realities of the situation. Here’s a closer look at the severity of the labor shortages in Texas, including a comparison with the rest of the country, as well as how GSG Talent Solutions can alleviate some of these challenges.
The Texas Labor Market: A Comparative Overview
Currently, it’s true that Texas is feeling the effects of a labor shortage, particularly when compared to the pre-pandemic era. Overall, the Texas economy was healthy and strong before the arrival of COVID-19. The number of available workers almost matched the number of job openings. Additionally, the quit rate was relatively low, and unemployment figures and labor force participation rates aligned with the national average.
During the pandemic, essentially every state experienced struggles relating to labor shortages. In the years since, the labor market in Texas has largely improved. Labor force participation is above pre-pandemic levels, which is a positive sign. However, unemployment rates sit above what they were before the pandemic began, and the labor shortage is more pronounced, as there are only eight workers for every ten open positions.
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However, it’s critical to note that Texas is in a better position than many other states. For example, neighboring Oklahoma has closer to five available workers for every ten jobs. New Mexico’s and Louisiana’s figures are only slightly better, showing nearly six workers for every ten jobs. In Arkansas, the picture is bleaker, as there are about four available workers for every ten jobs.
Overall, Texas is in a significantly stronger position than much of the country. As a result, employers in Texas can often overcome their hiring challenges, particularly if they use the right strategy.
GSG Talent Solutions: Bridging the Gap
GSG Talent Solutions offers a ray of hope for employers struggling with the labor shortage. With a deep understanding of the local job market and a vast network of skilled professionals, GSG Talent Solutions is well-positioned to connect businesses with the talent they need quickly and efficiently.
Additionally, our team specializes in sourcing candidates for hard-to-fill roles, leveraging our expertise to reduce the time and cost associated with hiring. Our recruiters are adept at meeting candidates where they are and keeping them engaged throughout the process, leading to higher success rates.
Plus, GSG Talent Solutions offers ongoing support after a candidate is placed. That provides employers with ample peace of mind and access to critical guidance that can make overcoming a variety of workforce or hiring challenges simpler.
By partnering with GSG Talent Solutions, businesses can mitigate some of the challenges posed by the labor shortage. If you’d like to learn more about how our team can streamline your hiring and help your company overcome challenges related to skill gaps or the labor shortage, GSG Talent Solutions wants to hear from you. Contact us today.