Houston employment growth was a healthy 2.4 percent (41,195 jobs) from December 2016 to July 2017 after a slight upward first-quarter revision. Job growth slowed markedly in the most recent data, however, growing at an annual rate of 1.2 percent (9,000) over the three months ending in July. Growth over that time came principally from education and health services (6,606) and manufacturing (3,706). Job losses came from construction (4,479) and trade, transportation and utilities (4,250 according to the Federal Reserve Bank of Dallas.
HEALTHCARE EMPLOYMENT STRONG
Health care and social assistance job growth accelerated in the most recent three months relative to the year-to-date rate, and the category is again growing above its historical average. Ambulatory health (physicians’ offices, dentists, minor emergency clinics) has been the driving force behind the growth this year as hospitals and other health employers (senior living facilities, chiropractors) have reduced head counts.
HOUSTON HEALTHCARE EMPLOYMENT
You might also like:
▸ Learn more about Colliers Healthcare Services