Economic Outlook

2013 | Houston Economic Outlook

Houston ranked among the top-performing U.S. metros in 2012 and continues to lead the nation in population and job growth in 2013. Although 2009 was undeniably challenging with local job losses totaling 95,200, this was the first year Houston suffered job losses following a stellar period of expansion and job growth from 2005 thru 2008. As the nation’s economy continues to grow at a snails pace, Houston is once again making headlines as having one of the healthiest economies in the U.S. In May, 2013, the Business Insider published an article listing 17 facts that make Houston the best city in America. It’s no surprise that the first fact listed was Houston’s job growth, citing a 231 percent recovery of jobs since the recession in 2009. As expected, a large majority of the jobs Houston gained are related to energy sector. Monster.com ranked Houston first in “The Highest Demand for Engineering Jobs in 2013”, and Payscale.com ranked Houston in first place for “Best Cities for Your Career in 2013”. Houston was also the top ranked city by The Bureau of Economic Analysis, for “Fastest Real GDP Growth Among Large MSA’s”. 


 

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