Friday, December 10, 2010

Houston Jobs Report: Good but slow growth



The Greater Houston Partnership released its December 2010 Economic Report and once again the employment data shows positive job growth (albeit at a slow pace).

The 10-county Houston/Sugar Land/Baytown Metropolitan Statistical Area gained 6,200 jobs, growing .2 % from 10/31/09 to 10/31/10. This is the second consecutive month of year-over-year increases, hopefully pointing to a Houston recovery.

Across the country, Austin continues to hold the number one position on a year-over-year basis growing 2.4% followed by Charleston: 1.91%, Phoenix: 1.42%, and D.C: 1.31%. While no one is complaining about the news, the question remains: Will the trajectory pick up, or will this be a long and drawn out recovery that Houston climbs out of at very small intervals

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