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December 2017

Local Economic Update

Corpus Christi is rebounding in the wake of Hurricane Harvey, which struck the Coastal Bend in August. Industries directly related to the region's rebuilding efforts added more than 4,000 jobs in October, bringing the local unemployment rate down to 5.1 percent -- one percentage point below that a year ago. New home construction has slowed down as much of construction activity has shifted temporarily to home repairs, particularly in communities devastated by Harvey. View the latest statistics.


Read the latest edition of the Coastal Bend Economic Briefing newsletter, which is brought to you by the South Texas Economic Development Center, Corpus Christi Regional Economic Development Corporation, and Workforce Solutions of the Coastal Bend.


Coastal Bend Employer Needs Survey

An online survey of employers in the Coastal Bend has been conducted to better understand any existing gaps in the regional workforce. Nearly 60% of the 100 respondents had faced hiring difficulties due to different reasons, including a lack of work experience and mismatch of work skills. Employers dealt with hiring difficulties in various ways, including having existing employees work overtime, outsourcing, hiring less qualified applicants, or recruiting from outside the region.


Hurricane Harvey is widely recognized as one of the costliest natural disasters in U.S. history, ahead of Sandy but behind Katrina. This article focuses on its impact on communities within the Corpus Christi metro area, where the storm made its first landfall. Simulation exercises suggest that the extended economic impact in the form of cumulative output losses reduces substantially the sooner those communities can recover.


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South Texas Economic Development Center

EDA University Center

College of Business

Texas A&M University-Corpus Christi

6300 Ocean Drive, Corpus Christi,

Texas 78412


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