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Gun Sales/Customer Service
Northwest Houston gun store hiring for full-time position. Prior sales experience a plus. Gun enthusiasts & military encouraged to apply. More

Shuttle Bus Drivers
Shuttle Bus Drivers Wanted. Exciting opportunity to be a part of our growing parking lot/shuttle service at Bush Intercontinental Airport. Veterans encouraged to apply. More

Full Time Gauger
As an Oil & Gas Well Site Controller (Pumper/Gauger) at NBC Oilfield Equipment, you will be responsible for preserving safety and the environment, by cost effectively maximizing and tracking the production of oil and gas wells. More

 

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EMPLOYMENT OUTLOOK:
2013 Houston Employment Forecast:
Another Year of Job Growth

Source: Greater Houston Partnership

The Greater Houston Partnership forecasts the 10-
county Houston metro area will create 76,000 jobs in
’13. Employment will grow in all sectors, with construction, health care, and leisure and hospitality turning in the strongest performances.

Next year should end with Houston at a little more than 2.8 million jobs, a milestone for the region. By December ’13, Houston will employ more people than are employed in 34 states or the District of Columbia.
Several factors will drive job growth—sstable oil prices, construction at area chemical plants, healthy demand overseas for Houston’s exports, strong demand
for single- and multi-family housing, and sustained
population and income growth.

The Partnership’s forecast is based on several assumptions:

  • Congress reaches an accord on spending cuts and
    tax increases―if not soon, then early in ’13.
  • Gross domestic product (GDP), the broadest
    measure of the nation’s economic activity, grows
    at an annual rate of 2.0 percent or better.
  • The price of West Texas Intermediate (WTI), the
    benchmark U.S. light sweet crude, remains above
    $75 per barrel.
  • The value of the U.S. dollar remains stable
    against other major currencies.
  • Houston’s major trading partners continue to buy
    the region's goods and services.

The Current Situation

For the 12 months ending October ’12, the metro area
created 95,800 jobs. This represents the strongest job
creation since ’07, when Houston created 95,400 jobs
over the 12 months ending in October of that year.

Four sectors account for the bulk of that job creation
this year—leisure and hospitality, 22,300 jobs; education and health care, 18,400 jobs; construction,
17,400 jobs; and trade, transportation and utilities,
16,900 jobs. This year should end with 92,200 more
jobs than ’11, making it the third best year for job
creation in the past two decades.

The forces driving job growth have shifted, though.
In January, the energy sector accounted for one in 10
new jobs; construction, one in 22. By October, the
roles had reversed. Energy accounted for one in 20
new jobs; construction, one in six. Historically, construction is late to enter a recession and among the
last sectors to recover. This reversal suggests that
Houston has entered a new phase in the business
cycle, one in which the region will need to look to
industries other than energy to stimulate local job
growth.

Current indicators suggest the region’s economy remains healthy.

 

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