Low-Wage Occupations Remain a Hallmark of El Paso Economy - Crossroads, Issue 1, 2007 - FRB Dallas El Paso Branch
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چکیده
El Paso has followed national trends in job growth with a steady shift of employment out of manufacturing and into services. It has been a sometimes painful transition for the city, with the number of manufacturing jobs cut nearly in half, from 41,100 to 22,100, between 1990 and 2006. Losses were concentrated in traditional economic mainstays such as textiles, apparel and leather goods. Meanwhile, services have grown to make up 82.9 percent of private jobs in El Paso, up from 69.7 percent in 1990. Indeed, service-sector employment has risen fast enough to keep the city’s private-sector job growth close to national trends since 1990, at annual rates of 1.3 percent versus 1.5 percent for the U.S. The transition to services, however, has not brought improvement in one key indicator of economic progress. A city’s per capita income is often seen as a good measure of relative economic welfare, in comparison with either the U.S. average or other metro areas. The rate of economic progress is sometimes measured by making this comparison over time, with an expectation that poor areas will move closer to the national average. El Paso’s income level is disappointing—standing at only 67 percent of the U.S. average in 2005 (Texas was at 94 percent). So is its lack of sustained progress toward U.S. norms. El Paso was at 64 percent of the U.S. average in both 1995 and 1980. It is a poor city that has made little progress in closing the gap between itself and the rest of the state and the nation. This lack of progress in relative per capita income can be examined from many directions: the mix of highand low-wage industries in the city, FEDERAL RESERVE BANK OF DALLAS • EL PASO BRANCH ISSUE 1 • 2007
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Crossroads, Issue 1, 2007 - FRB Dallas El Paso Branch
El Paso has followed national trends in job growth with a steady shift of employment out of manufacturing and into services. It has been a sometimes painful transition for the city, with the number of manufacturing jobs cut nearly in half, from 41,100 to 22,100, between 1990 and 2006. Losses were concentrated in traditional economic mainstays such as textiles, apparel and leather goods. Meanwhi...
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تاریخ انتشار 2007