Another Texas-sized recovery: State’s labor force is growing at double the historical rate
“Things are back,” Larrea said. “People are coming in and we’re seeing this mass return. And it’s a job-seeker’s market right now.”
There’s also a new spirit of cooperation between prospective workers and employers, she said. More companies are offering remote jobs and flexible hours and working through issues like child care. They’re dangling signing bonuses, she said, and “recognizing that people want more control over their careers.”
Several factors could contribute to the recent surge in the Texas labor force, including domestic migration. Texas had a net gain of 174,000 people from other states in the five quarters following the onset of the pandemic, up from 109,000 in the previous comparable period, according toWhile that trend may be continuing, it’s too early to show up in the numbers. What can be documented is a rise in the labor participation rate, coupled with the effects of population growth.
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