El Paso’s economy was booming in 2019, but 2020 could see a decline, experts say


EL PASO, Texas (KTSM) – Workforce Solutions is touting El Paso’s economy as a booming success in 2019, but UTEP economists say 2020 is headed for a decline.

This outlook comes from Workforce Solutions Borderplex which recently published its annual report.

The report states 2020 will face some challenges such as a slow down in economic growth.

Areas of high-demand for job seekers in El Paso include construction, healthcare and public safety.

However, a separate report published by UTEP economists projects a decline in construction jobs by 2021.

Workforce Solutions Borderplex CEO Joyce Wilson said she doesn’t expect a major change for job-seekers looking for employment in the Borderland this upcoming year.

“Right now El Paso is growing and performing very well,” Wilson said. “In fact, it’s over-performing in terms of job growth in areas against the state. Unemployment is at historic lows here, so I think even if there is a downturn of sorts there may be a retrenchment of jobs where there are vacancies.”

Wilson added there’s enough demand across El Paso and growth in a variety of areas to absorb a decline in other areas.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

KTSM Video Center

El Paso students play in "Battle of the Band-emic"

El Paso dog receives award after saving his owner’s life

Fort Bliss soldier accused of sexually assaulting Asia Graham, other women faces more charges

Parks and Rec facilities reopening

Craze Food Truck Friday

Food Truck Friday Craze 2

More El Paso News
Advertise with KTSM 9 Link