Houston Continues Slow but Steady Job Growth
The Greater Houston Partnership released its September 2010 Economic Report and once again the employment data reported is good news for Houston. The Texas Workforce Commission reports that the 12-month job loss in the Houston metro fell to 9,700 jobs, or 0.4 percent, from July ’09 to July ’10. That is a considerable improvement over the 80,800 job loss (3.1 percent), reported for the 12 months ending July ’09. During the recession, the worst period was for the 12 months ending November ’09, when the region shed 103,800 jobs. Over the past six months, the 12-month job losses have declined consistently; and if the trend continues, Houston’s 12-month job change should turn positive in the next month or two.