Overall unemployment rate moved up to 4.3% with the biggest shift in Restaurants & Hotels, which gained 13,100 roles, based on the most recently available information published in June 2022.
Total employment in the Houston-The Woodlands-Sugar Land, TX market rose by 17,576 jobs in May and the unemployment rate increased compared to the prior month by 20 bps to 4.3%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Houston-The Woodlands-Sugar Land, TX unemployment rate is 92 bps above the national rate which is a negative sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 6% and are up 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: 665,500; +4,100
- Business Services: 518,700; +7,500
- Government: 435,700; -700
- Education & Healthcare: 429,900; -1,500
- Restaurants & Hotels: 345,300; +13,100
- Construction, Mining: 298,500; +7,700
- Manufacturing: 221,500; -200
- Financial Services: 172,100; +200
- Other Jobs: 111,700; +700
- IT & Development: 31,600; +100
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.