Overall unemployment rate moved down to 4.0% with the biggest shift in Construction, Mining, which lost 7,300 roles, based on the most recently available information published in June 2023.
Total employment in the Houston-The Woodlands-Sugar Land, TX market declined by 13,935 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 4.0%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Houston-The Woodlands-Sugar Land, TX unemployment rate is 90 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in April versus prior month by 8.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 683,000; -200
- Business Services: 558,300; +2,200
- Government: 450,900; +400
- Education & Healthcare: 443,800; +800
- Restaurants & Hotels: 348,700; +5,300
- Construction, Mining: 285,100; -7,300
- Manufacturing: 229,500; +900
- Financial Services: 182,500; -600
- Other Jobs: 117,400; -1,300
- IT & Development: 33,200; +100
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.