Houston's economy is powered by a large presence in domestic and global energy markets and strong activity in the trade and transportation, financial services, construction and education sectors, the Federal Bank of Dallas reported in March of 2013.
The Houston region should end 2014 with 2.9 million people on companies' payrolls, an increase of 500,000 jobs from January of 2005, the Greater Houston Partnership reports. Much of that growth has occurred since 2010, when as many as 337,300 jobs were created in Houston, the partnership reports.
Some of the top-performing industries in the Greater Houston area include:
- Professional and business services. added 17,500 jobs from October 2012 to the same period in 2013, the Bureau of Labor Statistics (BLS.gov) reports.
- Education and health services. Has enjoyed year-over year gains every month since 1991, the BLS says.
- Space exploration. Houston is home to NASA's Johnson Space Center
- Petroleum engineering. More than 14,000 petroleum engineers work in Houston, according to the BLS.
The City of Houston website states that Houston is the fourth-largest city in the U.S. Its population grew 3 percent from 2010 to 2012 to an estimated 2,160,821 residents, the U.S. Census Bureau reports. Houston also has three major airports -- the largest, George Bush Intercontinental, served more than 19 million passengers in calender year 2013, the Federal Aviation Administration reports.
The BLS cites the following May 2013 median hourly wages for some Houston jobs that vocational and trade school graduates may wish to explore:
- Aircraft mechanics and service technicians: $31.57
- Geological and petroleum technicians: $30.15
- Computer user support specialists: $25.68
- Welders, cutters, solderers, and brazers: $18.42
- Medical and clinical laboratory technicians: $18.10
With its mix of strong construction, chemical manufacturing, engineering, aerospace and energy industries, high quality of life and workplace opportunity, Houston may be the place for some to launch a trade or technical career.
Corporate Headquarters, Greater Houston Partnership, May 2013, www.houston.org/newgen/14_Company_Information/14A%20W001%20Fortune%20500%20Companies.pdf
Houston Area Employment, Southwest Information Office, Bureau of Labor Statistics, October 2013, www.bls.gov/ro6/fax/houston_ces.htm
Houston Economic Indicators, Federal Reserve Bank of Dallas, March 2013, www.dallasfed.org/assets/documents/research/update/hou/2013/hou1303.pdf
Houston-Sugar Land-Baytown, TX, Occupational Employment Statistics, Bureau of Labor Statistics, May 2013, http://www.bls.gov/oes/2013/may/oes_26420.htm#49-0000
The City of Houston, Official Site for Houston, Texas, www.houstontx.gov/abouthouston/houstonfacts.html
2014 Houston Employment Forecast, Greater Houston Partnership, www.houston.org/pdf/research/quickview/Employment-Forecast.pdf