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Feb 14, 2024 · Houston's Major Industries. Port of Houston. For more than a century, the Port of Houston has been a major economic driver due primarily to energy production, crude oil trade activity, and the increasing demand for chemicals produced throughout the region.
Explore Top Industries in Houston. From energy and life sciences to manufacturing and aerospace, the Houston region offers a dynamic infrastructure to support these thriving, core industries.
Aug 14, 2023 · Houston's technology landscape witnessed significant growth in 2022, with the most heavily invested industries being Energy, Information Technology, and Business Products and Services. A study by Dice revealed that Houston led all cities in tech job posting growth in 2022, boasting a remarkable 45.6 percent year-over-year increase.
Jun 5, 2023 · Energy, life sciences and aerospace industries growing in Houston, despite recession concerns. Researchers project that 300,000 jobs will be added in the Greater Houston area by 2027.
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Jobs over recovered from pandemicUnemployment lowEnergy sector jobs increaseWTI crude prices expected to remain between $80-$90/b in 2023The Houston MSA population grew by 112,000 or 1.73% between 2021 and 2022 and is projected to grow 1.5% annually over the next five years. Houston’s racial diversity is nearly twice as high as the national average, with more than 90 different nations represented. Houston has 94 consulates, the third-largest consular corps in the nation after New Yo...
Commentary by Patrick Duffy | President, Houston “Give me a one-handed Economist. All my economists say, ‘on the hand,’ then ‘but on the other” - Harry Truman. “The stock market has predicted 9 of the past five recessions” – Paul Samuelson, Keynesian economist. The current environment would have Mr. Truman thinking he had an octopus for his chief e...
Houston’s employment sector gained 176,000 jobs annually in 2022, an increase of 5.6%. According to the Texas Workforce Commission, the unemployment rate decreased from 4.8% in December 2021 to 3.9% in December 2022. Houston's industry sectors that posted the largest annual gains include Leisure and Hospitality (15.8%), Mining and Logging (12.4%) a...
Service industries in Houston—retail and wholesale trade and transportation, education and health, government, and financial activities—had surpassed prepandemic employment levels by April 2022. Nationally, education and health and government employment still had shortfalls.
Aug 19, 2021 · The Texas Workforce Commission reports Metro Houston was home to more than 160,000 establishments in 2020. The three industries with the most establishments were: professional, scientific, and technical services; health care and social assistance; and retail trade. These three industries made up 38.3% of the region’s business establishments.
