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Houston-The%20Woodlands-Sugar%20Land,%20TX%20Metropolitan%20Area Employment Analysis

( Data Date : August 2017 )

Texas Employment Data

Located in the Southwest region of the U.S., the Lone Star State is known for cattle, cotton, computers and oil. In the last decade, Texas’ economic growth has been supported by population in-migration, robust energy sector, and revived industrial activity in the Rio Grande Valley. Recent lower oil prices have created major job losses in mining and manufacturing sectors. Momentum of economic growth is expected to continue strong, but exposure to the volatile energy industry provides a factor of uncertainty.

 

State/Metropolitan Employment Data:

Houston-The%20Woodlands-Sugar%20Land,%20TX%20Metropolitan%20Area Unemployment Rate Trends (% change)


  • The unemployment rate in the Houston-The%20Woodlands-Sugar%20Land,%20TX%20Metropolitan%20Area, metro area was 5.2% in August 2017, 0.3% higher than last month, and lower by 0.5% from a year ago.

  • Compared to national and state unemployment rates, the Houston-The%20Woodlands-Sugar%20Land,%20TX%20Metropolitan%20Area, metro area unemployment rate in August 2017 was higher by 0.8% than the U.S. rate of 4.4%, and higher by 0.7% than the Texas state unemployment rate of 4.5%.

  • Total employment in the Houston-The%20Woodlands-Sugar%20Land,%20TX%20Metropolitan%20Area, metro area declined by 5.1% (8792 less persons employed) over the past quarter, and increased by 5.7% ( 9575524 less ) over the past year.

  • The Houston-The%20Woodlands-Sugar%20Land,%20TX%20Metropolitan%20Area, metro area has an employable civilian labor force (employed + unemployed persons age 16 and older) of 3,307,745 persons.

  • The Houston-The%20Woodlands-Sugar%20Land,%20TX%20Metropolitan%20Area, metro area labor force shrunk by 1.3% (32533 persons) over the past quarter, and shrunk by 2.7% (35477 persons) over the past year.

  • Current Rate
    Last Year
    Last QTR
    Last Month
    Difference Since Last Quarter
    5.2%
    + 5.7%
    - 5.1%
    - 4.9%
    -8792


    %94.84 of the Total Labor Force is Employed.


    Employment information is based on data provided by the U.S. Bureau of Labor Statistics (BLS).

    Graphs and charts are based on monthly data from 2000 to present (BLS reports monthly data a month to six weeks after the close of each month).

    The data MuniNet Guide uses and presents is seasonally adjusted.