Houston Employment Update from GHP

http://www.houston.org/pdf/research/narratives/Employment/Employment_Update.pdf

The Houston-The Woodlands-Sugar Land metro area created 23,200 jobs in ’15, according to data released today by the Texas Workforce Commission (TWC). The annual job growth was in line with the Partnership’s revised forecast for ’15 of 20,000 to 30,000 net new jobs. The region added 9,400 jobs in December ’15, slightly below the 9,900 jobs added in December ’14. Over the past 25 years, Houston has added an average of 10,900 jobs in December. Even during periods of a weak economy, Houston added jobs in December (3,100 in ’96, 600 in ’01, and 1,500 in ’08).

Since December ’14, the goods-producing sector lost 21,600 jobs while the service providing sector added 44,800 jobs. Employment in mining and logging (i.e., upstream energy) declined by 8,500 and manufacturing by 16,000. Construction is the only goodsproducing sector to have added employment during this period, gaining 2,900 jobs. The largest job gains in the service sector occurred in accommodation and food services (+18,600), health care and social assistance (+16,700), and government (+10,200), with half of those job gains occurring in public education. Job Gains/Job Losses Dec ’14 to Dec ’15 – Selected Sectors.

Read more here:

http://www.houston.org/pdf/research/narratives/Employment/Employment_Update.pdf

 

http://www.houston.org/pdf/research/narratives/Employment/Employment_Update.pdf

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