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The Labor Market Information we provide focuses on the thirteen counties within the Gulf Coast Workforce Board region. This data is produced by the Bureau of Labor Statistics and distributed by the Texas Workforce Commission. Through industry employment and wage data, businesses can review to see how their industries are performing in the economy. Is your business shrinking while others are growing?
Through occupational wage data, businesses can review to see if their wages are too low, which could cause higher than average turnover for the occupation. Thorough analysis of local economic and employment data can help uncover key insight to drive your business and inform your recruiting strategy. We provide this information free of charge and can work with you one-on-one to determine how to use data and identify and capitalize on opportunities for your business.
May Unemployment Rates: Actual (Not Seasonally Adjusted)
U. S. – 3.8%
Texas – 3.7%
Gulf Coast Region – 4.2%
Houston-The Woodlands-Sugar Land MSA – 4.2%
May Over-the-Year Industry Job Count Change
Houston-The Woodlands-Sugar Land MSA – 79,200 (2.6%)
NEXT UPDATE: WEEK OF JULY 23RD
May 2018 employment data was released on June 15, 2018 for the Gulf Coast region.
Total Nonfarm Employment in the H-W-S MSA added 9,400 jobs in May. The 0.3 percent increase, while slightly weaker than most May increases, directly follows a strong 0.8 percent April increase. Job gains were widespread with the largest contribution of hiring found in Professional & Business Services, up 4,800 jobs or 0.9 percent. Also making substantial contributions to May’s increase was Leisure & Hospitality, up 1,700 jobs or 0.5 percent, Construction, up 900 jobs or 0.4 percent, and Mining & Logging, up 1,200 jobs or 1.5 percent.
Several industry sectors suffered losses with the most substantial declines found at Merchant Wholesalers of Durable Goods, down 1,200 jobs or 1.2 percent, and Accounting, Tax Preparation, Bookkeeping, and Payroll Services, down 2,400 jobs or 8.5 percent.
Total Nonfarm Employment in the H-W-S MSA was up 79,200 jobs over the year with the pace of job growth at 2.6 percent, down slightly from April’s 2.8 percent rate. Job growth was widespread with the fastest growth found in Professional and Business Services, up 33,600 jobs or 7.0 percent, Construction, up 11,400 jobs or 5.2 percent, and Manufacturing, up 8,500 jobs or 3.9 percent. Several other industry sectors were expanding at a pace above two percent including Wholesale Trade, up 3,500 jobs or 2.1 percent, Retail Trade, up 7,500 jobs 2.4 percent, and Financial Activities, up 4,300 jobs or 2.7 percent. Educational & Health Services, historically an industry sector that maintains above average growth even during economic downturns, has seen job growth fall to historic lows in recent months according to records dating back to 1991. Information was the only super sector reporting a loss, down 900 jobs or 2.8 percent.
The rate of unemployment in the Houston-The Woodlands-Sugar Land Metropolitan Statistical Area (H-W-S MSA) held steady at 4.2 percent in May.
If you have any questions please contact one of our Business Consultants at your nearest career office, or email Ron.Borski@wrksolutions.com. For information on other areas in the state visit the Bureau of Labor Statistics or Texas Workforce Commission.
Metropolitan Statistical Area (MSA) Profiles: Economic Profiles
For Labor Market Information, contact Ron Borski at:
Workforce Solutions - Ron Borski
3555 Timmons, Suite 120
Houston, TX 77027