January 20, 2025 • 3 mins
The job market in Houston is poised for continued growth in 2025, driven by positive economic expectations for both the U.S. and the local region. The Greater Houston Partnership forecasts the addition of 71,200 jobs in 2025, bringing the total payroll jobs to a record of over 3.5 million.
The employment landscape in Houston is diverse, with several industries expected to see significant growth. The health care sector is anticipated to add 12,800 jobs, continuing its decade-long growth trend where it has contributed approximately 100,000 jobs. The construction industry is also expected to thrive, with a projected gain of 10,200 jobs, despite challenges such as higher interest rates and an excess supply of office and multifamily units.
Statistics indicate that Houston's job market has been resilient, with a 1.8% annualized growth rate in the 12 months ended October 2024, resulting in over 60,000 new jobs. The region's unemployment rate averages 4.4%, slightly above the national average of 3.6%.
Major industries in Houston include energy and related sectors, which employ 12% of the workforce. Companies like Exxon Mobil, Shell Oil Co., and Dow Chemical Co. are among the largest employers. The chemical industry, closely tied to the energy sector, also plays a significant role.
Growing sectors besides health care and construction include professional and technical services, government, and restaurants and bars, with expected job gains of 6,900, 5,500, and 5,200 respectively. However, the information sector is the only industry expected to lose jobs.
Recent developments show a strong rebound in construction activity, with over $32.8 billion in construction contracts awarded locally in 2024 as of October, and nearly 15,000 construction workers hired through September. The region's population growth, with an expected addition of 118,000 new residents in 2025, further supports job market expansion.
Seasonal patterns in employment are influenced by the region's economic activities, with construction and energy sectors often experiencing fluctuations based on economic conditions. Commuting trends are impacted by the city's sprawling nature and the surge in remote work, leading to increased migration to suburbs like Fort Bend and Montgomery counties.
Government initiatives focus on supporting economic diversification and job creation. The region has successfully diversified its economy since the 1990s recession, reducing its reliance on petroleum and fostering growth across various industries.
In terms of market evolution, Houston continues to solidify its position as a major economic hub, driven by its strong education system, diverse housing options, and robust growth across many economic sectors.
Key findings include the robust job growth projections, the dominance of health care and construction sectors, and the ongoing diversification of the local economy.
Current job openings include positions such as Registered Nurses in the health care sector, Construction Project Managers, and Data Analysts in professional and technical services.
In conclusion, Houston's job market is expected to remain strong in 2025, driven by growth in key sectors and supported by a growing population and diverse economic base.
The employment landscape in Houston is diverse, with several industries expected to see significant growth. The health care sector is anticipated to add 12,800 jobs, continuing its decade-long growth trend where it has contributed approximately 100,000 jobs. The construction industry is also expected to thrive, with a projected gain of 10,200 jobs, despite challenges such as higher interest rates and an excess supply of office and multifamily units.
Statistics indicate that Houston's job market has been resilient, with a 1.8% annualized growth rate in the 12 months ended October 2024, resulting in over 60,000 new jobs. The region's unemployment rate averages 4.4%, slightly above the national average of 3.6%.
Major industries in Houston include energy and related sectors, which employ 12% of the workforce. Companies like Exxon Mobil, Shell Oil Co., and Dow Chemical Co. are among the largest employers. The chemical industry, closely tied to the energy sector, also plays a significant role.
Growing sectors besides health care and construction include professional and technical services, government, and restaurants and bars, with expected job gains of 6,900, 5,500, and 5,200 respectively. However, the information sector is the only industry expected to lose jobs.
Recent developments show a strong rebound in construction activity, with over $32.8 billion in construction contracts awarded locally in 2024 as of October, and nearly 15,000 construction workers hired through September. The region's population growth, with an expected addition of 118,000 new residents in 2025, further supports job market expansion.
Seasonal patterns in employment are influenced by the region's economic activities, with construction and energy sectors often experiencing fluctuations based on economic conditions. Commuting trends are impacted by the city's sprawling nature and the surge in remote work, leading to increased migration to suburbs like Fort Bend and Montgomery counties.
Government initiatives focus on supporting economic diversification and job creation. The region has successfully diversified its economy since the 1990s recession, reducing its reliance on petroleum and fostering growth across various industries.
In terms of market evolution, Houston continues to solidify its position as a major economic hub, driven by its strong education system, diverse housing options, and robust growth across many economic sectors.
Key findings include the robust job growth projections, the dominance of health care and construction sectors, and the ongoing diversification of the local economy.
Current job openings include positions such as Registered Nurses in the health care sector, Construction Project Managers, and Data Analysts in professional and technical services.
In conclusion, Houston's job market is expected to remain strong in 2025, driven by growth in key sectors and supported by a growing population and diverse economic base.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
This is your Houston Job Market Report Daily podcast, and
here is what we know for today. The job market
in Houston is poised for continued growth in twenty twenty five,
driven by positive economic expectations for both the US and
the local region. The Greater Houston Partnership forecasts the addition
of seventy one thousand, two hundred jobs in twenty twenty five,
(00:21):
bringing the total payroll jobs to a record of over
three five million. The employment landscape in Houston is diverse,
with several industries expected to see significant growth. The healthcare
sector is anticipated to add twelve thousand, eight hundred jobs,
continuing its decade long growth trend where it has contributed
(00:41):
approximately one hundred thousand jobs. The construction industry is also
expected to thrive with a projected gain of ten thousand,
two hundred jobs, despite challenges such as higher interest rates
and an excess supply of office and multi family units.
Statistics indicate that Houston's job market has been resilient, with
a one point eight percent annualized growth rate in the
(01:04):
twelve months ended October twenty twenty four, resulting in over
sixty thousand new jobs. The region's unemployment rate averages four
point four percent, slightly above the national average of three
point six percent. Major industries in Houston include energy and
related sectors, which employ twelve percent of the workforce. Companies
(01:24):
like ExxonMobil, Shell Oil Co. And Dow Chemical Co. Are
among the largest employers. The chemical industry, closely tied to
the energy sector, also plays a significant role. Growing sectors
besides health care and construction include professional and technical services, government,
and restaurants and bars, with expected job gains of sixty
(01:45):
nine hundred, five thou five hundred and five thousand, two hundred, respectively. However,
the information sector is the only industry expected to lose jobs.
Recent developments show a strong rebound in construction activity, with
over thirty two point eight billion dollars in construction contracts
awarded locally in twenty twenty four as of October and
(02:06):
nearly fifteen thousand construction workers hired through September. The region's
population growth, with an expected edition of one hundred and
eighteen thousand new residents in twenty twenty five, further supports
job market expansion. Seasonal patterns and employment are influenced by
the region's economic activities, with construction and energy sectors often
(02:28):
experiencing fluctuations based on economic conditions. Commuting trends are impacted
by the city's sprawling nature and the surge in remote work,
leading to increased migration to suburbs like Fort Bend and
Montgomery Counties. Government initiatives focus on supporting economic diversification and
job creation. The region has successfully diversified its economy since
(02:51):
the nineteen nineties recession, reducing its reliance on petroleum and
fostering growth across various industries. In terms of market evolution,
Houston continues to solidify its position as a major economic hub,
driven by its strong education system, diverse housing options, and
robust growth across many economic sectors. Key findings include the
(03:14):
robust job growth projections, the dominance of health care and
construction sectors, and the ongoing diversification of the local economy.
Current job openings include positions such as registered nurses in
the healthcare sector, construction project managers, and data analysts in
professional and technical services. In conclusion, Houston's job market is
(03:36):
expected to remain strong in twenty twenty five, driven by
growth in key sectors and supported by a growing population
and diverse economic base. And that is it for today.
Hit the subscribe button. This has been a quiet, please
production with the help of AI. Thanks for listening.
This is your Houston Job Market Report Daily podcast, and
here is what we know for today. The job market
in Houston is poised for continued growth in twenty twenty five,
driven by positive economic expectations for both the US and
the local region. The Greater Houston Partnership forecasts the addition
of seventy one thousand, two hundred jobs in twenty twenty five,
(00:21):
bringing the total payroll jobs to a record of over
three five million. The employment landscape in Houston is diverse,
with several industries expected to see significant growth. The healthcare
sector is anticipated to add twelve thousand, eight hundred jobs,
continuing its decade long growth trend where it has contributed
(00:41):
approximately one hundred thousand jobs. The construction industry is also
expected to thrive with a projected gain of ten thousand,
two hundred jobs, despite challenges such as higher interest rates
and an excess supply of office and multi family units.
Statistics indicate that Houston's job market has been resilient, with
a one point eight percent annualized growth rate in the
(01:04):
twelve months ended October twenty twenty four, resulting in over
sixty thousand new jobs. The region's unemployment rate averages four
point four percent, slightly above the national average of three
point six percent. Major industries in Houston include energy and
related sectors, which employ twelve percent of the workforce. Companies
(01:24):
like ExxonMobil, Shell Oil Co. And Dow Chemical Co. Are
among the largest employers. The chemical industry, closely tied to
the energy sector, also plays a significant role. Growing sectors
besides health care and construction include professional and technical services, government,
and restaurants and bars, with expected job gains of sixty
(01:45):
nine hundred, five thou five hundred and five thousand, two hundred, respectively. However,
the information sector is the only industry expected to lose jobs.
Recent developments show a strong rebound in construction activity, with
over thirty two point eight billion dollars in construction contracts
awarded locally in twenty twenty four as of October and
(02:06):
nearly fifteen thousand construction workers hired through September. The region's
population growth, with an expected edition of one hundred and
eighteen thousand new residents in twenty twenty five, further supports
job market expansion. Seasonal patterns and employment are influenced by
the region's economic activities, with construction and energy sectors often
(02:28):
experiencing fluctuations based on economic conditions. Commuting trends are impacted
by the city's sprawling nature and the surge in remote work,
leading to increased migration to suburbs like Fort Bend and
Montgomery Counties. Government initiatives focus on supporting economic diversification and
job creation. The region has successfully diversified its economy since
(02:51):
the nineteen nineties recession, reducing its reliance on petroleum and
fostering growth across various industries. In terms of market evolution,
Houston continues to solidify its position as a major economic hub,
driven by its strong education system, diverse housing options, and
robust growth across many economic sectors. Key findings include the
(03:14):
robust job growth projections, the dominance of health care and
construction sectors, and the ongoing diversification of the local economy.
Current job openings include positions such as registered nurses in
the healthcare sector, construction project managers, and data analysts in
professional and technical services. In conclusion, Houston's job market is
(03:36):
expected to remain strong in twenty twenty five, driven by
growth in key sectors and supported by a growing population
and diverse economic base. And that is it for today.
Hit the subscribe button. This has been a quiet, please
production with the help of AI. Thanks for listening.
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