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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.
August Unemployment Rates: Actual (Not Seasonally Adjusted)
U. S. – 4.5%
Texas – 4.5%
Gulf Coast Region – 5.2%
Houston-The Woodlands-Sugar Land MSA – 5.2%
Other Local Rates
August Over-the-Year Industry Job Count Change
Houston-The Woodlands-Sugar Land MSA – 53,500 (1.8%)
NEXT UPDATE: WEEK OF OCTOBER 23RD
August 2017 employment data was released on September 15, 2017 for the Gulf Coast region.
Total Nonfarm Employment in the H-W-S MSA experienced a loss in August for third consecutive year, down 3,900 jobs or 0.1 percent. The loss was a result of declines in Durable Goods Manufacturing, Employment Services, and Retail Trade. The H-W-S MSA has added 1,800 jobs so far year to date, a major improvement compared to a loss of 33,000 jobs year-to-date in August 2016 and 29,000 jobs year-to-date in August 2015. The H-W-S MSA added some 53,500 jobs to payrolls over the year with the pace of job growth at 1.8 percent. Manufacturing was the strongest growing super sector with payrolls up 5.8 percent over the year. Professional and Business Services, Education and Health Services, and Leisure and Hospitality were also reporting strong growth of greater than three percent. Mining & Logging employment has been much more stable throughout 2017 than it was in 2016 reporting its second consecutive year over year increase, up 600 jobs or 0.7 percent. Construction was reporting the most significant decline as many chemical and petrochemical projects reach completion, down 4,500 jobs or 2.1 percent. Trade, Transportation, and Utilities was also reporting job losses but not as deep as in Construction, down 5,100 jobs or 0.8 percent.
The thirteen-county region's unemployment rate rose three-tenths of a percentage point to 5.2 percent, one-half of a percentage point lower than 5.7 percent a year earlier.
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