Love good news? Unemployment in Houston down again!
The Houston Business Journal reported today that the Houston-Sugar Land-Baytown metropolitan area unemployment rate dipped to 8.2 percent in November from 8.4 percent the previous month. We gained a net 9,300 jobs, a 0.4 percent rise from October.
However, the construction and manufacturing sectors still lost a combined 3,400 jobs in November. When will construction and manufacturing score employment gains again? To me, that is the real indicator of a recovery… Hopefully, those numbers will improve soon, helping the Houston 2010 economical outlook! In the meantime, if you have a job, be extremely thankful this holiday season and make sure to count your blessings and share with the less fortunate. Texas is still doing very well compared to the rest of the nation: According to same article Texas had the largest over-the-month increase in employment nationwide for the second consecutive month, besting second place Ohio’s job gains by more than three times!
