Overall unemployment rate moved up to 4.8% with the biggest shift in Government, which gained 10,000 roles, based on the most recently available information published in April 2023.
Total employment in the Houston-The Woodlands-Sugar Land, TX market rose by 32,575 jobs in February and the unemployment rate increased compared to the prior month by 30 bps to 4.8%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Houston-The Woodlands-Sugar Land, TX unemployment rate is 91 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 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 11% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 678,000; -2,900
- Business Services: 552,400; +8,600
- Government: 450,500; +10,000
- Education & Healthcare: 441,300; +7,700
- Restaurants & Hotels: 342,600; +4,100
- Construction, Mining: 290,100; +1,000
- Manufacturing: 225,700; -1,400
- Financial Services: 184,400; +1,700
- Other Jobs: 116,300; +500
- IT & Development: 33,300; -100
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.