The Buzz is a monthly newsletter from Workforce Solutions - Employer Service Division and is issued to provide local labor market information that is timely and meaningful to our partners in the Gulf Coast Region.
Houston Area Forecast Vs. Actual
Jobs Lost & Gained
It was projected that Houston would add 62,900 jobs through 2015, however year to date employment is at least 20,000 jobs short of where it should be. In fact, Houston experienced a loss of 47,000 jobs in January 2015. The Houston area employment forecast now estimates the area will gain only around 20,000 to 30,000 jobs.
"The Houston-The Woodlands-Sugar Land metro area created 4,300 jobs in June 2015."
-Texas Workforce Commission
Take a closer look at the jobs lost and gained
The information above may be useful in assessing the need for qualified candidates in certain areas and targeting those particular employers.
The Rig Count Effect
It was originally estimated that the North American rig count would fall by 500 rigs during 2015. Price declines in oil, however, have caused a loss of more than 1,000 rigs since its peak in 2014.
As of June 2015 the Houston rig count is 1,146, down 198 from the 1,344 counted in June 2014.
How is Houston affected?
Oil producers are experiencing reduced revenue, forcing them to lower capital investment in new exploration and drilling. In addition to limited spending, the oil and gas industry continues to reduce expenses in employment causing thousands of job cuts.
What type of employers are affected the most?
Oil and gas full service operating companies, exploration and drilling companies, and manufacturing companies who supply machinery.
What type of jobs are affected the most?
- Roustabouts who perform basic unskilled and semi-skilled tasks like maintenance and drilling.
- Toolpushers who supervise offshore and land oil rigs.
- Mud Loggers who collect and examine geological samples and other scientific data during well drilling operations.
- Completion Engineers who are Petroleum Engineers with 5 - 15 years of oil industry experience, and design methods to improve oil and gas production.
is your customer trying to transition from oil and gas into a different occupation? Check out these jobs!
Welder/Pipefitter - JPID 3327734
The Population Keeps on Growing!
Take a look at the increase in population by counties in the Gulf Coast region between 2014 and 2015.
Although, the Houston's area job outlook is not as strong in some industries, major population growth in areas like Harris and Fort Bend counties indicate continuous relocation and expansion.
This growth contributes to the Houston economy as there is an increased need for new houses, school campuses, hospitals, restaurants, retail businesses and wholesale among other services, which will lead to more jobs in those areas.
The City of Houston (COH) construction permits already exceed $8.2 billion for the 12 months ending June 2015. This ongoing construction boom will not only create many jobs, it will have a positive effect all around.
Use a well written job description to draw in qualified candidates. Click Here.
https://www.southwest.com/, http://www.chron.com/, http://www.xerox.com/. http://www.bizjournals.com/houston/, http://www.workintexas.com, http://www.twc.state.tx.us/, https://www.mhicompressor.com/en/