Houston Adds 114,400 Jobs

Good New for Houston Jobs Up 3.7%

 According to the U. S. Bureau of Labor Statistics, Houston-The Woodlands-Sugar Land was one of the nation’s largest metropolitan statistical areas showing an increase in the rate of job growth between November 2017 and November 2018.

In November, 54 metropolitan areas had over-the-year increases in nonfarm payroll employment and 334 were essentially unchanged.

The largest over-the-year employment increases occurred in Houston-The Woodlands-Sugar Land, TX (+114,400), New York-Newark-Jersey City, NY-NJ-PA (+113,000), and Dallas-Fort Worth-Arlington, TX (+94,700).

Good News for Reno, Midland, and Colorado Springs

Nationally, the largest over-the-year percentage gains in employment occurred in

Reno, NV (+5.9 percent),

Midland, TX (+5.7 percent), and

Colorado Springs, CO (+5.0 percent).

Good News for Texas

In Texas, the 10 cities with the largest over the year percentage gain in employment occurred in

Austin, up 35.2 or 3.3%

Beaumont-Port Arthur up 35.2, or 3.3%

Dallas-Fort Worth, Arlington up 94.7 or 2.6%

Houston, The Woodlands, Sugar Land up 114.4 or 3.7%

Killeen-Temple up 3.3 or 2.3%

Lubbock up 3.9 or 2.6%

Midland up 5.6 or 5.7%  ——Highlight Midland: According to Trulia, the average listing for a home in Midland is 342,280. There are 567 home for sale and the median rent is $2.500 per month. 

San Antonio, New Braunfels up 14.3 or 1.4%

Sherman-Denison up 1.8 or 3.8%

Tyler up 4.3, or 4.1%

Texas overall up 360.0, or 2.9%

 

Patrick@InvestorsLendingSource.com

512-213-2271

Austin, Texas

 

References

https://www.bls.gov/

https://www.trulia.com/real_estate/Midland-Texas/

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