Comerica: Houston top major metro for job creationComerica: Houston top major metro for job creationhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=88172012-12-10T07:29:00Z2012-12-09T00:00:00Z

HOUSTON - Houston's broadening economy is helping it remain the fastest-growing major metropolitan area in the U.S., according to the latest Comerica Regional Economic Update.

The Houston-Sugar Land-Baytown area’s payroll job creation was up 3.7 percent over the past year as of October. The national rate averaged 1.5 percent during the same period.

Comerica forecasts Houston’s overall unemployment rate for 2012 to be 7 percent, followed by 6.8 percent in 2013 and 6.4 percent in 2014.

Along with job growth, Houston is also seeing population growth, averaging nearly 3,000 new residents per month between April 2010 and July 2011.

The area’s “robust energy sector” continues to drive job growth, but Houston’s economy is broadening beyond energy. The addition of two cruise lines at the Port of Houston’s Bayport Cruise Terminal and increasing construction activity are examples of that expansion.

The residential sector is strengthening, with house prices in second quarter 2012 up 4.1 percent compared to a year earlier.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2012/12/04/houstons-broadening-economy-helps-it.htmlRead more at {Source}

 Search NewsTalk Texas