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Houston among nation's top-five markets for job growth
August 9th, 2011 4:04am
According to a recent report analyzing figures from the U.S. Bureau of Labor Statistics, Houston was among the five most-improved markets in terms of job growth during the second quarter.
The report, conducted by On Numbers, assessed scores to each of the nation's 100 largest cities, based upon annual private-sector growth rates during the past five years, unemployment rates over the past 12 months and raw changes in private-sector employment during the last five years.
Houston received a score of 1.113. Boston led the nation with a score of 1.457, followed by Ogden, Utah; Worcester, Massachusetts, and Dallas-Fort Worth.
Houston's five-year job growth rate was 4.98 percent, while its one-year rate was 2.57 percent. However, the region's unemployment rate was 9 percent, which placed the city in the middle of the pack.
Boston and Houston were among 13 markets that has more private-sector jobs currently than they did five years ago.
Due to the region's improving job sector, the Houston real estate market has been able to improve during tough economic times.
Regional economy in Texas improving at moderate rateAccording to a recent report compiled by the Federal Reserve Bank of Dallas, the state's economy showed moderate improvement during the second quarter, despite being slightly down from the previous three-month period.August 12th, 2011 3:43am
Oil company moving headquarters to HoustonAccording to a recent report from the Houston Business Journal, a major oil company is moving its headquarters to Houston, which may provide more jobs for local residents.August 12th, 2011 3:40am