Latest news with #TexasWorkforceCommission
Yahoo
29-05-2025
- Business
- Yahoo
Chevron Cuts Almost 800 from Workforce in Permian
Chevron is laying off some 800 employees at three Midland, Texas, facilities in the Permian Basin, effective July 15, according to documents filed with the Texas Workforce Commission (TWC). Reuters reported in February that the supermajor would reduce its global workforce by up to 20%—about 8,000 people—as part of an effort to cut costs, simplify its business and complete a major acquisition. Houston-based Chevron has faced production challenges including cost overruns and delays in a large Kazakhstan oilfield project. Its $53-billion deal to acquire oil producer Hess and gain a foothold in Guyana's lucrative oilfield is in limbo while a protracted court battle with rival Exxon Mobil plays out. A consolidation trend that swept the upstream space through the end of 2024 has resulted in several large layoff announcements in Texas. In October, Marathon Oil advised the TWC of its plan to cut more than 500 jobs once its merger with ConocoPhillips closes.
Epoch Times
19-05-2025
- Business
- Epoch Times
Texas Employment Numbers Hit Record High in April for 5th Consecutive Month
Texas's total nonfarm employment hit a record high last month following thousands of new job additions, the Texas Workforce Commission (TWC) said in a May 16 The state added 37,700 new positions in April, which took the total number of nonfarm jobs in Texas to 14.32 million. This was the fifth consecutive month of record-high jobs. Over the past year, 215.500 jobs have been added, with the state's annual nonfarm job growth rate exceeding the national rate. Total civilian labor force— 'The positive trends in the Texas labor market show the Lone Star State's efforts to invest in the success of the Texas economy,' said TWC Chairman Bryan Daniel. TWC's commissioner representing labor, Alberto Trevino III, attributed the growing demand for skilled workers across various industries to the state's 'strong focus on innovation and economic growth.' Related Stories 5/15/2025 5/14/2025 The services sector saw the largest number of employment additions, with 27,400 new jobs added in April from the previous month. This was followed by the professional and business services sector with 10,900 new jobs and the goods-producing industry with 10,300 jobs added. The unemployment rate in the state was 4.1 percent, the TWC statement said. In a May 16 'Businesses invest with confidence in Texas thanks to the Best Business Climate in America and our highly skilled and growing workforce. That is why Texas employers have added more than 2.5 million jobs since I became governor and why more Texans are working than ever before,' he said. 'But we will not be complacent. We will continue to advance pro-growth economic policies, invest in career training for high-demand occupations, and partner with Texas businesses and innovators to remain the Best State for Business and the best state for good-paying jobs over the next decade and beyond.' Delaware Exodus Texas's stellar job numbers come as the state stands to benefit from any potential The issue was highlighted by Simon Property Group, a Delaware corporation, in a March 21 filing with the Securities and Exchange Commission. Businesses incorporated in Delaware are facing an 'increasingly litigious environment,' which imposes significant financial and human resource costs on companies, it said. Delaware's corporate laws had come under intense criticism from industrialist Elon Musk last year after a court in the state blocked a $56 billion pay package from Tesla to him as CEO, despite approval by the board of directors. The court issued the decision based on a case filed by an individual who owned just nine shares in the company. Musk later shifted the incorporation of Tesla and SpaceX from Delaware to Texas. Last week, Abbot signed into law Senate Bill 29, a 'pro-growth' business legislation, his office Senate Bill 29 tackles the situation of courts overriding corporate decisions. The bill ensures that 'business decisions are made by Texas corporations, through their shareholders and elected boards, and not third-party activists,' the office of Texas state Sen. Bryan Hughes, who filed the bill, said in a Feb. 27 Abbott said the bill provides companies 'the certainty that sound business judgments made in the best interest of shareholders will not be second-guessed by courts.'
Yahoo
29-04-2025
- Business
- Yahoo
Texas named best state for business 21 years running in Chief Executive magazine ranking
Texas is still the top state for business, at least to some of the nation's CEOs. Chief Executive magazine has ranked Texas as the best state for business for the 21st year in a row. The ranking is determined from an annual survey of the nation's leading CEOs. Florida and Tennessee followed Texas respectively, with California ranking last. 'Texas is where entrepreneurs can cast a vision and know they can achieve it," Gov. Greg Abbott said in a Monday announcement. "The successful CEOs I meet with credit our business-friendly climate, highly skilled and diverse workforce and exceptional quality of life across every region of our great state as Texas' top advantages. We will continue to cut red tape and partner with job-creating businesses and innovators to build a stronger, more prosperous Texas for decades to come." Along with topping business ranking lists, Texas has also been leading the nation in job growth over the past several months. In March, Texas saw a new high with the largest labor force in the state's history at 15,778,500, according to data from the U.S. Bureau of Labor Statistics and the Texas Workforce Commission. Texas' economy also outpaced the nation in the fourth quarter of 2024. Texas' real gross domestic product (GDP) grew at an annual rate of 3.5% in the fourth quarter of 2024, compared to the U.S. average of 2.4%. GDP represents the total value of all goods and services produced within the state over a specific period. Last week, Abbott signed Senate Bill 14, known as Texas DOGE, into law. The bill created the Texas Regulatory Efficiency Office, building on recommendations from the Governor's Small Business Freedom Council to cut regulations and make stricter standards on new regulations. This article originally appeared on Austin American-Statesman: Texas once again ranked best for business by Chief Executive magazine
Yahoo
21-04-2025
- Business
- Yahoo
Texas keeps on growing: Lone Star State sees another month of record job growth
Texas faced exponential growth in 2023 and 2024, and those trends aren't slowing down as the Lone Star State sees another month of record employment numbers. In March, Texas saw a new high with the largest labor force in the state's history at 15,778,500, according to data from the U.S. Bureau of Labor Statistics and the Texas Workforce Commission. According to the data, Texas saw a new high of 15,137,500 for Texans working. This number includes those who are self-employed. The state also added 26,500 nonfarm jobs last month, reaching a new total high of 14,282,600. Between March 2024 and March 2025, the state added 192,100 nonfarm jobs, which was more than any other state. As of January employment data, the annual nonfarm growth rate in Texas is 1.3%. "Every month, Texas welcomes businesses from across the country and around the world to innovate and invest in our great state," Gov. Greg Abbott said in a release Friday about the data. "By funding our schools more than ever before and expanding career and technical training programs, we will prepare more Texans for better job and bigger paycheck opportunities to build a more prosperous Texas.' Job creation, workforce development and education have been major efforts pushed by Abbott this legislative session. Last month, he released a five-year statewide economic development strategic plan outlining a blueprint for economic expansion and job creation. The "Bigger. Better. Texas." plan has four main goals: Establishes a unifying vision for the future of our Texas economy Identifies new target industry sectors and clusters expected to drive strategic economic growth and job creation Outlines objectives and initiatives to advance the state's global competitiveness Provides data and recommendations to inform economic development decisions across the state To support additional job creation and small businesses in Texas, Abbott also created the Governor's Small Business Freedom Council in December. This month, he announced more than $1.3 million in job training grants to Collin County Community College District for programs in health care, accounting, manufacturing and other high-demand occupations. House Bill 20 and House Bill 120, two bills part of Abbott's career training expansion efforts that was one of his seven emergency items this legislative session, advanced out of the Texas House last week. Texas saw rapid job growth in 2023 and 2024 as well. A report from the Federal Reserve Bank of Dallas looking at the outlook of Texas' economy in 2025 said Texas' energy, financial services and construction industries were the fastest-growing job sectors last year, growing 5.5%, 5.1% and 3.1%, respectively. Overall, job growth rose 1.7% lower than initial projections expected in 2024. Texas added 284,200 jobs from December 2023 to December 2024, according to the Texas Workforce Commission. This article originally appeared on Austin American-Statesman: Texas sees largest labor force in state history in March
Yahoo
09-04-2025
- Yahoo
'Send me the other half': Midland inmate accused of 'pimping' from jail
MIDLAND, Texas (KMID/KPEJ)- A Midland man is facing multiple felony charges after investigators say he promoted prostitution while incarcerated in the Midland County Jail. According to an arrest affidavit, 35-year-old Jovan Paul Thomas is accused of facilitating prostitution through recorded jail phone calls, during which he allegedly coordinated payments and services with a 19-year-old woman. The woman reportedly sent Thomas money earned through prostitution while he was behind bars. On April 7, 2025, a peace officer reviewing jail calls discovered that Thomas had instructed the woman to 'send me the other half' of a $275 payment. Financial records showed money transfers to Thomas on several dates in January, supporting the officer's claim that Thomas profited from prostitution while incarcerated. The woman involved reportedly told investigators that she does not report any legal income. A report from the Texas Workforce Commission confirmed she had no record of employment. The affidavit states that Thomas acted as a 'pimp,' receiving money under the agreement that it would be used in the furtherance of prostitution. He is accused of soliciting the woman to engage in sexual conduct for compensation. Thomas now faces a third-degree felony charge for promotion of prostitution under Texas Penal Code 43.03(b). Court records show Thomas is also facing several drug-related charges in Midland County, including two first-degree felonies for manufacture/delivery of controlled substances in Penalty Group 1 and Penalty Group 2. Additional charges include possession of controlled substances in Penalty Groups 1 and 2 in quantities between 1 to 4 grams, both third-degree felonies. Thomas has five pending felony charges in total. His bonds range from $1,500 to $150,000, with a cumulative bond amount exceeding $425,000. As of April 8, 2025, he remains in custody pending disposition of the charges. His listed address is in Rosharon, Texas, and his attorney of record is Aaron Eckman. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
