Houston Job Market Brightens

by CoyDavidson on April 30, 2010

The Greater Houston Partnership has released its May 2010 Economic Report for the Houston region.

Highlights from the report:

  • Job Market Brightens: The Houston-Sugar Land-Baytown Metropolitan Statistical Area added 14,800 jobs in March, one of the best month-to-month job performances since November ’08.
  • Rig Count Continues to Improve:  The Baker Hughes count of active domestic rotary rigs averaged 1,479 in April, ending the month at 1,483 – the highest level in 66 weeks, and 69 percent above the recent low of 876 last June.
  • Oil Prices Remain Strong:  The Friday closing spot market price for West Texas Intermediate crude oil (WTI) averaged $84.34 a barrel for the first four Fridays of April, up from $51.44 in April ’09, and 15 percent above the five-year average.
  • The Houston Purchasing Managers Index, a short term leading indicator of regional production, marked a 12th consecutive month of improvement.

Houston: Economy at a Glance May 2010

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