New Job Creation in Houston Expected to Rise Significantly Throughout 2012
There is good news for Houston’s economic growth prospects for the new year.
According to the 2012 Employment Forecast produced by the Greater Houston Partnership, new jobs in Houston are expected to surge in the year ahead.
84,600 new jobs are expected in the area over the next 12 months. These will be lead by energy sector employment in exploration, production, distribution, and equipment manufacturing, which are predicted to account for one in seven of all jobs created.
Factors for overall growth cited in the report are energy prices, growth in the domestic economy, and the strengthening of the dollar.
Houston has already recovered the number of jobs that had been lost during the recession.
During the 2011 fiscal year the Houston area added an estimated 79,500 jobs.