Overall unemployment rate moved down to 6.6% with the biggest shift in Restaurants & Hotels, which gained 7,500 roles, based on the most recently available information published in June 2021.
Total employment in the Houston-The Woodlands-Sugar Land, TX market rose by 24,779 jobs in May and the unemployment rate decreased compared to the prior month by 60 bps to 6.6%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Houston-The Woodlands-Sugar Land, TX unemployment rate is 110 bps above the national rate which is a negative sign.
- Unemployment in the market is 640 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 5.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 624,200; +1,100
- Business Services: 493,400; +2,600
- Government: 417,600; +800
- Education & Healthcare: 402,600; +5,800
- Restaurants & Hotels: 312,700; +7,500
- Construction, Mining: 276,700; -300
- Manufacturing: 207,000; -700
- Financial Services: 163,700; +1,200
- Other Jobs: 111,300; +1,700
- IT & Development: 28,500; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.