February 12, 2025 • 3 mins
The job market in Houston is poised for significant growth in 2025, driven by a robust economic outlook. The Greater Houston Partnership forecasts the creation of 71,200 jobs in 2025, with the region expected to finish the year with over 3.5 million payroll jobs, a new record.
The employment landscape in Houston has been steadily recovering from the impacts of the Covid-19 pandemic. In the 12 months ended October 2024, the region added over 60,000 jobs, with total nonfarm employment exceeding 3.47 million. This represents an annualized growth rate of 1.8%, which is slower than in recent years but in line with pre-pandemic levels.
Key statistics indicate a healthy job market. The unemployment rate in Houston stood at 4.00% as of December 2024, down from 4.60% the previous month and lower than the long-term average of 6.15%. The construction sector has seen significant gains, with a 7.7% increase in employment, outpacing the national average.
Major industries in Houston include the energy sector, health care, biomedical research, and aerospace. The city is home to numerous Fortune 500 companies such as Phillips 66, ConocoPhillips, and Enterprise Products Partners. The health care industry is particularly strong, expected to add another 12,800 jobs in 2025.
Growing sectors include health care, construction, professional and technical services, government, and restaurant and bars. The deep backlog of construction projects and local income and population growth are key drivers of this positive outlook. Recent developments highlight the region's attractiveness for businesses, with the expansion of the U.S. economy and the decline in interest rates contributing to the positive job market forecast.
There are no significant seasonal patterns noted in the job market data, but commuting trends suggest a continued need for infrastructure development to support the growing workforce. Government initiatives are likely aligned with supporting business growth and job creation through favorable economic policies.
The job market in Houston is evolving with a diverse range of industries contributing to its growth. Current job openings include positions in the health care sector such as nurses and medical technicians, construction roles like project managers and engineers, and various positions in professional and technical services, including software developers and data analysts.
Key findings include a strong forecast for job creation, a low unemployment rate, and significant growth in key sectors such as health care and construction. The overall outlook indicates that Houston's job market is on a positive trajectory, driven by robust economic indicators and favorable economic conditions.
The employment landscape in Houston has been steadily recovering from the impacts of the Covid-19 pandemic. In the 12 months ended October 2024, the region added over 60,000 jobs, with total nonfarm employment exceeding 3.47 million. This represents an annualized growth rate of 1.8%, which is slower than in recent years but in line with pre-pandemic levels.
Key statistics indicate a healthy job market. The unemployment rate in Houston stood at 4.00% as of December 2024, down from 4.60% the previous month and lower than the long-term average of 6.15%. The construction sector has seen significant gains, with a 7.7% increase in employment, outpacing the national average.
Major industries in Houston include the energy sector, health care, biomedical research, and aerospace. The city is home to numerous Fortune 500 companies such as Phillips 66, ConocoPhillips, and Enterprise Products Partners. The health care industry is particularly strong, expected to add another 12,800 jobs in 2025.
Growing sectors include health care, construction, professional and technical services, government, and restaurant and bars. The deep backlog of construction projects and local income and population growth are key drivers of this positive outlook. Recent developments highlight the region's attractiveness for businesses, with the expansion of the U.S. economy and the decline in interest rates contributing to the positive job market forecast.
There are no significant seasonal patterns noted in the job market data, but commuting trends suggest a continued need for infrastructure development to support the growing workforce. Government initiatives are likely aligned with supporting business growth and job creation through favorable economic policies.
The job market in Houston is evolving with a diverse range of industries contributing to its growth. Current job openings include positions in the health care sector such as nurses and medical technicians, construction roles like project managers and engineers, and various positions in professional and technical services, including software developers and data analysts.
Key findings include a strong forecast for job creation, a low unemployment rate, and significant growth in key sectors such as health care and construction. The overall outlook indicates that Houston's job market is on a positive trajectory, driven by robust economic indicators and favorable economic conditions.
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Episode Transcript
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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 significant growth in twenty twenty five,
driven by a robust economic outlook. The Greater Houston Partnership
forecasts the creation of seventy one thousand, two hundred jobs
in twenty twenty five, with the region expected to finish
(00:21):
the year with over three point five million payroll jobs,
a new record. The employment landscape in Houston has been
steadily recovering from the impacts of the COVID nineteen pandemic.
In the twelve months ended October twenty twenty four, the
region added over sixty thousand jobs, with total non farm
employment exceeding three point four to seven million. This represents
(00:44):
an annualized growth rate of one point eight percent, which
is slower than in recent years, but in line with
pre pandemic levels. Key statistics indicate a healthy job market.
The unemployment rate in Houston stood at four point zero
percent as of December twenty twenty four, down from four
point six percent the previous month and lower than the
long term average of six point one five percent. The
(01:07):
construction sector has seen significant gains, with a seven point
seven percent increase in employment, outpacing the national average. Major
industries in Houston include the energy sector, healthcare, biomedical research,
and aerospace. The city is home to numerous Fortune five
hundred companies such as Phillips sixty six, Conoco Phillips, and
Enterprise Products Partners. The healthcare industry is particularly strong, expected
(01:32):
to add another twelve thousand, eight hundred jobs in twenty
twenty five. Growing sectors include healthcare, construction, professional and technical services,
government and restaurant and bars. The deep backlog of construction
projects and local income and population growth are key drivers
of this positive outlook. Recent developments highlight the region's attractiveness
(01:56):
for businesses, with the expansion of the US economy and
the decline in interest rates contributing to the positive job
market forecast. There are no significant seasonal patterns noted in
the job market data, but commuting surrands suggest a continued
need for infrastructure development to support the growing workforce. Government
(02:16):
initiatives are likely aligned with supporting business growth and job
creation through favorable economic policies. The job market in Houston
is evolving, with a diverse range of industries contributing to
its growth. Current job openings include positions in the healthcare
sector such as nurses and medical technicians, construction roles like
(02:38):
project managers and engineers, and various positions in professional and
technical services, including software developers and data analysts. Key findings
include a strong forecast for job creation, a low unemployment rate,
and significant growth in key sectors such as healthcare and construction.
The overall outlook indicates that Houston's job jubmarket is on
(03:00):
a positive trajectory, driven by robust economic indicators and favorable
economic conditions. 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 significant growth in twenty twenty five,
driven by a robust economic outlook. The Greater Houston Partnership
forecasts the creation of seventy one thousand, two hundred jobs
in twenty twenty five, with the region expected to finish
(00:21):
the year with over three point five million payroll jobs,
a new record. The employment landscape in Houston has been
steadily recovering from the impacts of the COVID nineteen pandemic.
In the twelve months ended October twenty twenty four, the
region added over sixty thousand jobs, with total non farm
employment exceeding three point four to seven million. This represents
(00:44):
an annualized growth rate of one point eight percent, which
is slower than in recent years, but in line with
pre pandemic levels. Key statistics indicate a healthy job market.
The unemployment rate in Houston stood at four point zero
percent as of December twenty twenty four, down from four
point six percent the previous month and lower than the
long term average of six point one five percent. The
(01:07):
construction sector has seen significant gains, with a seven point
seven percent increase in employment, outpacing the national average. Major
industries in Houston include the energy sector, healthcare, biomedical research,
and aerospace. The city is home to numerous Fortune five
hundred companies such as Phillips sixty six, Conoco Phillips, and
Enterprise Products Partners. The healthcare industry is particularly strong, expected
(01:32):
to add another twelve thousand, eight hundred jobs in twenty
twenty five. Growing sectors include healthcare, construction, professional and technical services,
government and restaurant and bars. The deep backlog of construction
projects and local income and population growth are key drivers
of this positive outlook. Recent developments highlight the region's attractiveness
(01:56):
for businesses, with the expansion of the US economy and
the decline in interest rates contributing to the positive job
market forecast. There are no significant seasonal patterns noted in
the job market data, but commuting surrands suggest a continued
need for infrastructure development to support the growing workforce. Government
(02:16):
initiatives are likely aligned with supporting business growth and job
creation through favorable economic policies. The job market in Houston
is evolving, with a diverse range of industries contributing to
its growth. Current job openings include positions in the healthcare
sector such as nurses and medical technicians, construction roles like
(02:38):
project managers and engineers, and various positions in professional and
technical services, including software developers and data analysts. Key findings
include a strong forecast for job creation, a low unemployment rate,
and significant growth in key sectors such as healthcare and construction.
The overall outlook indicates that Houston's job jubmarket is on
(03:00):
a positive trajectory, driven by robust economic indicators and favorable
economic conditions. 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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