Houston Economic Update October 2015 – Economy at a Glance – Greater Houston Parntership

http://www.houston.org/pdf/research/quickview/Economy_at_a_Glance.pdf

Curious what is happening in Houston???? This is a good one to read!!!!!

Here are some highlights: 

  1. Three factors drive our economy: Price of oil, value of the dollar and the health of the U.S. economy.
  2. Job Count is negative – we have 22,000 less jobs than we did in December of 2014.
  3. Leisure/hospitality, business services, healthcare and IT sectors have added the most jobs.
  4. Our Houston Metro population is continuing to diversify: Anglo (37%), Hispanic (36%), Black (17%), Asian (7%)
  5. Houston’s media age is 34.
  6. Our labor participation rate is higher than the national average. 67.1 vs.62.9
  7. Traffic is horrible! We have 2.9M commuters vs 2.2M in 2005! No wonder it takes me an extra 20 minutes to get to work now.
  8. 31% of the population in the Houston area has a Bachelor’s degree or higher.
  9. The median household income is 60K.
  10. In 2014 we were the 4th largest economy by GDP.
  11. Houston grew by 6.5% in 2013 and 1.6% in 2014. What will that number be in 2015?
  12. Dallas grew the most last year (out of 20 largest metro areas).

Diane Delgado LeMaire

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