Rekruiters Employment Report – Houston

First off, special thanks to all of our clients and candidates for helping us to be ranked as both on the Fastest Growing Houston Based Companies and Top Twenty Largest Placement Firms In Houston according to the Houston Business Journal. It has been an incredible four year journey and we couldn’t have done it without you.

With regard to employment, we see a robust professional employment picture at this time. We are still seeing high demand for skillsets in Accounting, Finance and Technology. Positions most in demand, as usual are developers (C# and Javascript) and Staff Accountants.  Management positions are less in demand at the present time, however we are still seeing a need in the marketplace.

By the Numbers:

Metro Houston added 5,500 jobs in June, bringing total nonfarm employment to 2,998,700, according to the Texas Workforce Commission. In a glass half full view, when looking at employment during the great recession, we have significantly grown the Houston hiring picture. June’s job growth is stronger than June of last year as well.

Houston’s growth showed wide variance by sector.  Houston also posted the largest ever one month gain for June and had the greatest gains in the state for the leisure and hospitality sector.  Manufacturing and professional and business services also showed increases. While June’s job growth is stronger than the 3,500 jobs added in June of last year, it falls below the 25-year average of 7,200 net new jobs for this month. On a seasonally adjusted basis, Houston added 100 jobs in June, far below the 25-year average gain of 3,400 jobs. Since peak employment was reached in December ’15, Houston is down 22,600 jobs (not seasonally adjusted) and down 11,500 (seasonally adjusted). Sectors recording notable growth in June were leisure and hospitality (+9,000 jobs), manufacturing (+1,900), and professional and business services (+1,600). Not only did leisure and hospitality post the largest-ever one-month gain for a June, it was also the largest monthly gain on record for this sector. The 1,900 jobs added in manufacturing were the highest monthly increase since October ’14. Nondurable goods manufacturing added 1,100 jobs and durable goods manufacturing added 800 jobs. Professional and business services grew by 1,600 jobs, the strongest over-the-month gain since June ’15. The sector has never posted job losses in June―not even during the Great Recession.

 

 

Houston’s unemployment rate still remains higher than the Texas average.

 

Energy Specific Industry Information

The U.S. Energy Information Administration (EIA) forecasts WTI to average $48 through the remainder of the year and $52 in ’17. Similarly, Goldman Sachs sees prices remaining between $45 and $50 until mid-’17. Supply and demand will need to balance before prices rally to sustained higher levels.

 

 

 

The U.S. Energy Information Administration (EIA) forecasts WTI to average $48 through the remainder of the year and $52 in ’17. Similarly, Goldman Sachs sees prices remaining between $45 and $50 until mid-’17. Supply and demand will need to balance before prices rally to sustained higher levels.

 

If you are interested in more detail or different information, please let us know. RekruitersReport@rekruiters.com.

 

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