GHP 2014 Houston Employment Forecast
The Greater Houston Partnership forecasts the Houston metro area will create 69,800 jobs in ’14. Employment will grow in all sectors, with professional and business services, education and health services, trade, transportation and utilities and construction turning in the strongest performances. Energy and manufacturing will grow but at slower paces. The year should end with 2.9 million payroll jobs, a net increase of more than 500,000 jobs since January ’05. Only two other metros—New York and Dallas-Fort Worth—will be able to make a similar claim.
Several factors will drive job growth in ’14—the ramp-up in construction at area chemical plants, the backlog of projects at local engineering firms, growing consumer confidence, and sustained population and income growth. A pick-up in U.S. economic growth would further stimulate Houston’s economy.