Houston Job Growth Sizzles

by CoyDavidson on April 5, 2013

iStock_000005760141Small

Houston Economic Update – April 2013

The Houston metro area continues to set the pace for job growth in the nation, recording a 4.5 percent increase in employment from February ’12 to February ’13, according to data released by the U.S. Bureau of Labor Statistics (BLS). That’s three times the pace of job growth for the nation as a whole and faster than any other major metro.

BLS reports employment data for 372 metro areas. Only 10 other metros reported faster growth than Houston, but they were all significantly smaller. Provo, UT, the most populous of the 10, reported job growth of 5.4 percent, which translates to 10,100 jobs over the past year, or about as many as Houston created in an average month.

Houston added 118,700 net jobs during the 12 months ending February ’12. Only the Los Angeles metro, with twice the population of Houston, created more. Los Angeles, however, remains 325,000 jobs below its pre-recession peak. At its current pace, Los Angeles won’t recoup all the jobs it lost in the recession until the fall of ’15. Houston returned to its previous peak in the fall of ’11.

Since January ’10, the month the recession ended here, Houston has created 276,900 new jobs, 180.9 percent of what the region lost. At the current pace of growth, Houston area employment will top 2.8 million before the end of the year.

  • http://twitter.com/janiehummel Janie Hummel

    Clown told us the recession ended in June 2009.

Previous post:

Next post:


Disclaimer: All blog entries on this site are the opinion of the author and not those of either Colliers International - Houston or Colliers International (collectively, "Colliers"). Colliers neither endorses, sponsors nor necessary shares the opinions of the author, regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers. Colliers has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers. Colliers is not responsible for the monitoring or filtering of any blog, nor does Colliers claim ownership or control over any blog content.