Businesses can fulfill their labor requirements by creating a positive company culture where employees are not only well compensated but also provided with training and growth opportunities.
23 Aug 2023
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According to the Bureau of Labor Statistics most recent report released on March 10, 2023, the unemployment rate for March was 3.5 percent. The unemployment rate has hovered at this level over the last 12 months, ranging between 3.5 percent and 3.7 percent, except for in January 2023 where it dipped to 3.4 percent, which was the lowest rate since 1969. During times of low unemployment, employers may struggle to meet their hiring and retention needs for a skilled workforce. Without a skilled workforce, industries find themselves struggling to maintain production levels to meet customers’ needs and sales or growth goals.
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The skilled trades are at a pivotal moment in time. More than a decade of understaffing issues remain unresolved as the Great Retirement looms, and current economic uncertainty is shifting budget priorities away from workforce development at many organizations. As for the next decade, the U.S. Bureau of Labor (BLS)...
Governor Greg Abbott today announced a Skills Development Fund (SDF) grant award of $132,794 to Texas Southmost College by the Texas Workforce Commission (TWC). Through this SDF grant, Texas Southmost College will provide training to upskill more than 130 employees of Rich Products Corporation in relevant industry areas like programmable...
Governor Abbott today celebrated Texas’ record-shattering jobs economy and the role small businesses play in keeping Texas a national economic leader at the Governor’s Small Business Summit in McAllen.
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