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 several positive factors. The Greater Houston Partnership forecasts
the creation of seventy one thousand, two hundred jobs in
twenty twenty five, which would bring the total number of
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payroll jobs in the region to over three point five million,
a new record. This growth is supported by the ongoing
expansion of the US economy, declining interest rates, increasing consumer confidence,
and a steady influx of domestic and foreign companies establishing
operations in Houston. The employment landscape in Houston is diverse,
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with major industries including energy, construction, trade, transportation, and utilities.
The energy sector, in particular continues to show strength, with
Texas oil production increasing and oil and gas exports growing
through the Port of Houston. Construction has also seen significant gain,
with a seven point seven per cent increase in the
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metropolitan area's construction supersector, outpacing the national average. Statistics indicate
a favorable employment environment. The unemployment rate in Houston stood
at four point zero percent as of December twenty twenty four,
lower than the previous month's four point six per cent
and the long term average of six point one five percent.
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This rate reflects a strong labor market, with employment growth,
although below trend in late twenty twenty four, still outpacing
national averages in some sectors. Major employers in the Houston
area include wal Mart, HB Memorial, Herman Health Systems, and
Houston Methodist. These employers offer a range of roles from
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retail and logistics to healthcare and corporate operations. Growing sectors
include financial activities, which expanded by six point four percent
in the fourth quarter of twenty twenty four, and construction,
which grew by four point two percent during the same period.
Oil and gas employment also saw significant increase of nine
point seven per cent in twenty twenty four. Recent developments
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highlight the resilience of Houston's economy. Despite below trend job
growth in late twenty twenty four, the city's labor market
remains robust, with strength in smaller sectors offsetting weaknesses in
larger ones. The Port of Houston's increased activity, mainly due
to oil and gas exports, further supports economic growth. Seasonal
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patterns show that job growth can vary with some sectors
experiencing anemic gains or modest losses in the latter part
of the year. However, overall trends suggest sustained growth. Commuting
trends and government initiatives are not extensively detailed in recent data,
but local income and population growth contribute to the positive
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outlook for job creation. In conclusion, Houston's job market is
expected to remain strong in twenty twenty five, driven by
diverse and growing industries, a low unemployment rate, and positive
economic indicators. Job openings include Logistics coordinator at Walmart involves
managing supply chain operations and ensuring efficient logistics processes. Registered
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nurse at Houston Methodist requires providing patient care and collaborating
with health care teams. Financial analyst at Memorial Herman Health
Systems involves analyzing financial data and supporting strategic decision making.
And that is it for today. Hit the subscribe button.
This has been a quiet please production with the help
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of AI. Thanks for listening.