Key Economic Indicator – EMPLOYMENT

June 16, 2017
The Houston-The Woodlands-Sugar Land metro area created 6,700 jobs in May and
45,300 over the previous 12 months, according to data released today by the Texas
Workforce Commission. The monthly job gain was on par with the region’s 20-year
average of 6,800 jobs added for a May. The 12-month job growth was slightly below the
20-year average of 48,500 jobs. Houston’s total nonfarm payroll employment now stands
at 3,048,900, a new high for the metro.
Service sectors continue to lead the region’s employment growth from May ’16 to May
’17. Professional and business services added 11,600 jobs, leisure and hospitality grew by11,900 jobs and educational and health services increased by 9,700 jobs. The goods
producing sectors added 1,700 jobs with gains in manufacturing (+8,700 jobs) offset by
losses in mining and logging (-1,700 jobs) and construction (-5,300 jobs).
Houston’s May unemployment rate was 5.1 percent, down from 5.3 percent in April butup from 4.9 percent in May ’16. Texas’ unemployment rate was 4.4 percent in May,
down from 4.5 percent in April but up from 4.3 percent in May ’16. The U.S. rate was 4.1
percent in May, unchanged from 4.1 percent in April and down from 4.5 percent in May
’16. The rates are not seasonally adjusted.

Source: Texas Workforce Commission
Prepared by Greater Houston Partnership Research Department
Patrick Jankowski, CCR
Senior Vice President, Research
Jenny Philip
Director, Economic Research

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