In episode 56, Coffey talks with Richard Froeschle about unraveling the workforce and economic market trends in Texas.
They discuss the "COVID-based recession" affecting the Texas economy; its correlation to inflation and the labor market; the effect of stimulus spending on the labor force participation; how the born-digital generation defines "work" and their new expectations; the Texas labor shortage outlook; what "capacity" means in terms of economy; how economists try to identify skills that meet the evolving labor market; the effect of inflation in current wages; the reasons why people are leaving jobs beyond compensation; and what can we expect from remote and flexible work environments in the future.
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About our Guest:
Mr. Froeschle is a labor market economist and a highly regarded speaker on a wide array of topics relating to the Texas economy, regional labor markets, and workforce and education programs. He is the Senior Labor Market Economist for Texas State Technical College and the former Director of the Labor Market and Career Information department of the Texas Workforce Commission. Prior to his work with Texas State government, Mr. Froeschle conducted in-service training with the National Labor Market Information Training Institute at the University of North Texas in the areas of strategic planning and regional economic analysis for state and federal employment and training programs.
Mr. Froeschle has a Bachelor’s degree in Economics from the University of Texas at Austin and a Master’s degree in Manpower and Industrial Relations from the University of North Texas, where he also taught microeconomics, regional labor market analysis, and workforce strategic planning.
His writings include the books How Many is Enough? A Practitioners Guide to Occupational Targeting and Supply/Demand Analysis (forthcoming), Where the Jobs Are, Working Texas Style, An Atmosphere of Enterprise, and a dozen monographs including Life After COVID: Economic & Job Market Phenomena to Ponder Postpandemic, Targeting Your Labor Market, Getting Down to Business, and The Texas Economy: An Age of Global Economic Opportunity. His many essays and briefs are focused on the application of labor market and career information in education policy, workforce planning and economic development.
His most recent research has centered on the use of skills to understand regional labor market dynamics and career progression and includes three reports, The Future is Ahead of You: Navigating Your Way to Career Success, Everyone Starts Somewhere: Career Pathways in the Heart of Texas, and On the Move! Exploring the Concepts of Career Progressions and Career Lattices for Central Texas Workers.
Mr. Froeschle has made presentations at over 540 conference events over the past twenty-five years on a variety of labor market topics. His professional specialties and interests are in the fields of regional economic analysis, labor market dynamics, skill and job analysis, and the development and interpretation of labor market information; all of which have occupied his career for the past 41 years
Richard Froeschle can be reached at https://www.linkedin.com/in/richard-froeschle-01a87b13/
About Mike Coffey:
Mike Coffey is an entrepreneur, human resources professional, licensed private investigator, and HR consultant.
In 1999, he founded Imperative, a background investigations firm helping risk-averse companies make well-informed decisions about the people they involve in their business.
Today, Imperative serves hundreds of businesses across the US and, through its PFC Caregiver & Household Screening brand, many more private estates, family offices, and personal service agencies.
Mike has been recognized as an Entrepreneur of Excellence and has twice been named HR Professional of the Year.
Additionally, Imperative is included in the prestigious Best Places to Work in Texas list and has been named the Texas Association of Business’ small business of the year.
Mike lives in Fort Worth with his very patient wife. He practices yoga and maintains a keto diet, about both of which he will gladly tell you way more than you want to know.
1. Understand the COVID-based recession and its effect on the labor market.
2. Identify the impact of migration on Texas economy and workforce.
3. Learn what new generations expect and look for in a job.