Houston Economic Update

by CoyDavidson on September 7, 2013

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The Houston-Sugar Land-Baytown Metro Area posted a net gain of 97,700 jobs, a 3.6 percent increase, in the 12 months ending July ’13, according to the Texas Workforce Commission (TWC). By comparison, employment in Dallas-Fort Worth-Arlington grew by 3.7 percent, Austin-Round Rock-San Marcos by 3.5 percent, San Antonio-New Braunfels by 1.4 percent, and El Paso by 0.9 percent. Midland led the state with 6.2 percent annual growth, followed closely by Odessa with 5.2 percent. The state as a whole grew 2.8 percent.

Since the bottom of the recession, the Houston metro area has grown by 309,100 jobs, or 201.9 percent of the 153,100 jobs lost during the recession. No other major U.S. metro has exceeded its previous employment peak by a larger proportion. Only the New York metro area, with three times Houston’s population, has added a greater number of jobs since the recession’s end.

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