Overall unemployment rate moved up to 4.8% with the biggest shift in Restaurants & Hotels, which gained 11,700 roles, based on the most recently available information published in August 2022.
Total employment in the Houston-The Woodlands-Sugar Land, TX market rose by 12,105 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 4.8%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Houston-The Woodlands-Sugar Land, TX unemployment rate is 96 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 5.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 670,400; +5,200
- Business Services: 524,700; +8,700
- Education & Healthcare: 430,200; -1,200
- Government: 429,800; -6,500
- Restaurants & Hotels: 356,000; +11,700
- Construction, Mining: 303,600; +4,200
- Manufacturing: 225,400; +3,200
- Financial Services: 173,800; +1,400
- Other Jobs: 115,700; +4,200
- IT & Development: 32,000; +400
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.