Overall unemployment rate moved down to 5.3% with the biggest shift in Business Services, which gained 10,400 roles, based on the most recently available information published in April 2022.
Total employment in the Houston-The Woodlands-Sugar Land, TX market rose by 46,124 jobs in February and the unemployment rate decreased compared to the prior month by 20 bps to 5.3%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Houston-The Woodlands-Sugar Land, TX unemployment rate is 116 bps above the national rate which is a negative sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 3.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Transportation & Utilities: 659,200; +6,400
- Business Services: 517,300; +10,400
- Government: 437,600; +7,300
- Education & Healthcare: 425,200; +4,100
- Restaurants & Hotels: 325,900; +9,900
- Construction, Mining: 279,500; +4,000
- Manufacturing: 218,200; +1,600
- Financial Services: 171,800; +2,500
- Other Jobs: 109,300; -700
- IT & Development: 31,500; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.