Overall unemployment rate moved down to 4.6% with the biggest shift in Government, which lost 9,700 roles, based on the most recently available information published in September 2022.
Total employment in the Houston-The Woodlands-Sugar Land, TX market rose by 909 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 4.6%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Houston-The Woodlands-Sugar Land, TX unemployment rate is 81 bps above the national rate which is a negative sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 4.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 671,100; -2,200
- Business Services: 535,100; +5,300
- Education & Healthcare: 438,600; +3,700
- Government: 404,900; -9,700
- Restaurants & Hotels: 360,700; +6,000
- Construction, Mining: 311,400; no change
- Manufacturing: 228,800; +500
- Financial Services: 175,500; +2,000
- Other Jobs: 114,800; -100
- IT & Development: 32,200; -100
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.