Houston Ranked Among Top U.S. Metros in 2010
Houston ranked among the top-performing U.S. metros at the start of 2010, even as the effects of the economic recession that began in late 2007 continued to be felt globally. Although 2009 was undeniably challenging with local job losses totaling 93,500, it should be noted that this was the first year of job losses for Houston, following a stellar period of expansion and job growth from 2005 to 2008. An while the local metro still has economic hurdles to overcome, Houston is once again making headlines as one of the lease affected markets in the nation. In its March 2010 issue, Forbes ranked Houston fourth in a list of 40 U.S. metros where the recession is easing, largely based on the area’s diverse economic base of growth industries.