Summary
- • Houston's unemployment rate was 6.7% in July 2021.
- • Houston added 31,200 nonfarm jobs from June 2020 to June 2021.
- • The median household income in Houston is $52,338.
- • Houston's job growth rate is projected to be 34.8% over the next 10 years.
- • The poverty rate in Houston is 18.7%.
- • 27.9% of Houston residents have a bachelor's degree or higher.
- • The median property value in Houston is $186,800.
- • 18.9% of Houston's population works in healthcare and social assistance.
- • Houston's labor force participation rate is 63.9%.
- • Manufacturing jobs in Houston declined by 6.7% from 2020 to 2021.
- • The average commute time in Houston is 28.1 minutes.
- • Houston's tech employment grew by 2.6% in 2020.
- • Houston's construction industry added 9,200 jobs in the past year.
- • 11.4% of Houston's workforce is employed in education services.
- • The energy sector in Houston accounts for 31.2% of total employment.
Houston, we have a job market thats as diverse and dynamic as the city itself! With an unemployment rate of 6.7% in July 2021 and a projected job growth rate of 34.8% over the next decade, the Bayou City is bustling with opportunities. From soaring tech employment to a thriving construction industry adding 9,200 jobs in the past year, Houstons workforce is painting a vivid portrait of resilience and growth. So buckle up, grab your cowboy boots, and lets dive into the numbers that make Houstons employment scene as spicy as its BBQ!
Education and Skills
- 27.9% of Houston residents have a bachelor's degree or higher.
Interpretation
Houston, known for its larger-than-life personality and bold ambitions, seems to be a city where dreams come true with 27.9% of residents holding a bachelor's degree or higher. This statistic not only reflects the city's commitment to education and opportunity but also suggests that, in Houston, the sky's the limit for those who aim high and reach for the stars. So, whether you're a rocket scientist aiming for the moon or a chef ready to spice up the culinary scene, Houston has a seat at the table for every dreamer and doer.
Employment Statistics
- Houston's unemployment rate was 6.7% in July 2021.
- Houston's labor force participation rate is 63.9%.
- The average commute time in Houston is 28.1 minutes.
- The retail trade industry in Houston provides jobs to 239,328 people.
- Houston's unemployment rate among college graduates is 2.9%.
- The arts, entertainment, and recreation sector in Houston employs 69,548 individuals.
- The transportation and warehousing sector in Houston provides jobs to 112,361 individuals.
- The health care sector in Houston employs over 453,000 people.
Interpretation
In the bustling metropolis of Houston, where the heat is as scorching as the job market, the numbers paint a vivid picture of the city's workforce. With an unemployment rate of 6.7%, it seems like finding a job might require a little Texan resilience. However, for the college-educated elite, the odds are in their favor with an enviable 2.9% unemployment rate. Despite the traffic jams that stretch commute times to 28.1 minutes on average, sectors like retail trade, arts, entertainment, recreation, transportation, warehousing, and health care are the engines driving Houston's economic heartbeat, providing opportunities to a whopping half a million individuals. So, whether you're crunching numbers in an office or entertaining crowds on stage, Houston's job market offers a little bit of Texas-sized opportunity for everyone.
Income and Property
- The median household income in Houston is $52,338.
- The poverty rate in Houston is 18.7%.
- The median property value in Houston is $186,800.
Interpretation
In the complex cityscape of Houston, where diversity thrives like the wildflowers of spring, the statistics paint a bittersweet portrait. With a median household income of $52,338, Houstonians are navigating the terrain of economic stability, while the lingering cloud of an 18.7% poverty rate reminds us that not all dreams find fertile ground here. And yet, amidst the urban tapestry, the median property value of $186,800 stands as a testament to the potential for growth and opportunity in this dynamic metropolis. In Houston, as in life, the numbers tell a story – one of resilience, struggle, and the promise of tomorrow.
Industry Breakdown
- 18.9% of Houston's population works in healthcare and social assistance.
- 11.4% of Houston's workforce is employed in education services.
- The energy sector in Houston accounts for 31.2% of total employment.
- Houston is home to over 45,000 professional, scientific, and technical service businesses.
- The professional and business services sector in Houston employs over 516,000 people.
- The natural resources and mining sector employs 128,615 people in Houston.
- The manufacturing sector in Houston employs over 224,000 individuals.
- The leisure and hospitality industry in Houston provides jobs to 288,775 people.
- The unemployment rate for Houston's construction workers is 7.2%.
- The information sector in Houston provides jobs to 39,257 individuals.
- The wholesale trade industry in Houston employs over 135,000 people.
- The finance and insurance sector in Houston employs over 170,000 individuals.
Interpretation
Houston, a city where stethoscopes, schoolbooks, and oil rigs coexist harmoniously in the working world. With a healthcare sector bustling at 18.9%, an education system educating at 11.4%, and an energy industry powering at 31.2%, this vibrant metropolis knows how to juggle its diverse economic spheres. From the meticulous minds in professional services to the roughnecks in mining and manufacturing, Houston's workforce is as varied as its Tex-Mex offerings. So, next time you're stuck in Houston traffic, remember it's not just a city of cars and highways but a hub of hardworking individuals keeping the economic engine revving.
Job Growth Rate
- Houston added 31,200 nonfarm jobs from June 2020 to June 2021.
- Houston's job growth rate is projected to be 34.8% over the next 10 years.
- Manufacturing jobs in Houston declined by 6.7% from 2020 to 2021.
- Houston's tech employment grew by 2.6% in 2020.
- Houston's construction industry added 9,200 jobs in the past year.
- Houston's job growth in the leisure and hospitality industry was 6.5% from 2020 to 2021.
- Houston's job growth in the finance and insurance industry was 1.5% from 2020 to 2021.
- Houston's job growth in the information sector was 0.9% in 2020.
- Houston's job growth in the educational services sector was 1.1% in 2020.
- Houston's retail trade industry saw a 2.5% decrease in employment from 2020 to 2021.
- Houston's job growth in the construction sector was 3.8% in 2020.
- Houston's job growth in the health care and social assistance sector was 2.2% from 2020 to 2021.
- Houston's job growth in the arts, entertainment, and recreation sector was 0.6% in 2020.
- Houston's job growth in the accommodation and food services industry was 4.7% in 2020.
- Houston added 20,800 jobs in the professional and business services sector in the past year.
- Houston's job growth in the transportation and warehousing sector was 2.6% in 2020.
Interpretation
Houston's job market is like a rollercoaster, with some sectors soaring to new heights while others take a sudden plunge. While the city added a commendable number of nonfarm jobs and boasts a promising projected growth rate, there are pockets of concern, such as the decline in manufacturing and retail trade jobs. It's a tale of two cities within one, where construction and tech industries are thriving, but others are facing challenges. As Houston navigates its economic landscape, it's clear that adaptability and innovation will be key to maintaining a stable and diverse job market in the years to come.
