Houston Economic Update: December 2010

by CoyDavidson on November 30, 2010

Houston Adding Jobs Slowly

The Greater Houston Partnership released its December 2010 Economic Report and once again the employment data shows positive job growth albeit a slow pace.

The 10-county Houston-Sugar Land-Baytown Metropolitan Statistical Area gained 6,200 jobs, growing 0.2 percent, from October ’09 to October ’10, according to estimates by the Texas Workforce Commission.

October marked the second consecutive month of year-over-year increases, another sign that the Houston economy is slowly recovering. Several sectors posted job gains over the past 12 months: health care and social assistance, 8,100 jobs (3.1 percent); durable goods manufacturing, 5,100 jobs (3.7 percent); mining and logging, 3,700 jobs (4.2 percent); leisure and hospitality, 3,600 jobs (1.6 percent); private educational services, 700 jobs (1.6 percent); and retail trade, 500 jobs (0.2 percent).

Within professional services, architecture and engineering added 1,100 jobs (1.8 percent) and employment services added 600 jobs (1.3 percent) over the past year. However, legal services lost 300 jobs (1.3 percent), accounting lost 1,300 jobs (7.6 percent) and administrative support and waste services lost 3,000 jobs (1.9 percent) respectively, erasing job gains elsewhere in professional services.

On a month-to-month basis, October saw a significant jump in construction employment, which was up 2,400 jobs (1.4 percent) since September, but down 4,700 jobs from October ’09 and 37,500 jobs from its peak in October ’08. Retail trade added 1,000 jobs in October due to additional hiring for the holidays. Though the government sector added 8,400 jobs in October (6,500 jobs in state and local education), the sector is down 1,200 jobs (0.3 percent) from October of last year.

Houston Economic Update December 2010

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