Employment in the South Central Workforce Development Area (WDA) totaled more than 64,700 in 2014, and is projected to grow by 7.1 percent by 2024.
The South Central WDA is projected to have over 20,700 total openings between 2014 and 2024, with 26.4 percent of these coming from new growth. Grade B occupations account for 68.1 percent of this new growth. Job openings are identified as either "Growth," "Replacement" or "Total" openings. Growth openings are new jobs that are added to the economy, while replacement openings are vacancies created by worker mobility or retirements, but are not new jobs. Total openings are the combination of both growth and replacement openings.
Grade A occupations have the best outlook with an above average growth rate and annual wage when compared to all occupations in the region. Grade A occupations in the South Central region are projected to grow by 17.7 percent, and these new growth openings are expected to account for 43.1 percent of Grade A total openings. Grade B occupations make up the largest portion of the South Central WDA workforce, and they are expected to have the largest number of job openings between 2014 and 2024.
In 2014, Grade B occupations accounted for 51.6 percent of the South Central WDA's total workforce, and they are projected to produce 58.1 percent of the region's total openings. Replacement openings make up a large portion of Grade C total openings.
Grade C occupations account for 31.0 percent of the region's total projected openings, 84.3 percent of which are replacement openings.