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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.
February Unemployment Rates: Actual (Not Seasonally Adjusted)
U. S. - 4.4%
Texas - 4.1%
Gulf Coast Region - 4.7%
Houston-The Woodlands-Sugar Land MSA - 4.7%
Other Local Rates
February Over-the-Year Industry Job Count Change
Houston-The Woodlands-Sugar Land MSA - 67,100 (2.2%)
NEXT UPDATE: WEEK OF APRIL 23RD
February 2018 employment data was released on March 23, 2018 for the Gulf Coast region.
Total Nonfarm Employment in the H-W-S MSA added 26,400 jobs in February. Job gains were found across many industry sectors but Professional and Business Services was the largest contributor with payrolls up 7,800 jobs or 1.6 percent. Other drivers of February's increase were gains in Government, Educational and Health Services, Construction, and Leisure and Hospitality.
Total Nonfarm Employment in the H-W-S MSA was up 67,100 jobs over the year. The 2.2 percent pace of job growth was a vast improvement from one year earlier when payrolls were up only 0.1 percent or 4,100 jobs from February 2016. While job growth was widespread, gains were heavily concentrated in Professional and Business Services, up 25,400 jobs or 5.4 percent. Construction, which was reporting over-the-year declines for most of 2017, was the second largest contributor with payrolls up 9,300 jobs or 4.3 percent. Information reported the only substantial decline, down 600 jobs or 1.9 percent.
The rate of unemployment in the Houston-The Woodlands-Sugar Land Metropolitan Statistical Area (H-W-S MSA) fell one-tenth of a percentage point to 4.7 percent in February.
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