Overall unemployment rate moved down to 4.4% with the biggest shift in Business Services, which lost 9,300 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 18,394 jobs in March and the unemployment rate decreased compared to the prior month by 90 bps to 4.4%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Houston-The Woodlands-Sugar Land, TX unemployment rate is 65 bps above the national rate which is a negative sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 5.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 653,400; -800
- Business Services: 504,400; -9,300
- Government: 434,500; -100
- Education & Healthcare: 425,700; +300
- Restaurants & Hotels: 328,600; +4,600
- Construction, Mining: 285,300; +4,700
- Manufacturing: 218,600; +900
- Financial Services: 171,000; +100
- Other Jobs: 111,300; +1,400
- IT & Development: 31,400; -100
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.