HOUSTON – The Greater Houston Partnership released its annual jobs forecast today saying the Houston metro area will create 69,800 jobs in 2014. The forecast was presented by Patrick Jankowski, GHP Vice President of Research. Jankowski also explained that he forecasts that employment will grow in all sectors, with professional and business services, education and health services, trade, transportation and utilities and construction turning in the strongest performances. Energy and manufacturing will grow but at slower paces. The year should end with 2.9 million payroll jobs, a net increase of more than 500,000 jobs since January 2005. Only two other metros—New York and Dallas-Fort Worth—will be able to make a similar claim.
Jankowski said “several factors will drive job growth in 2014—the ramp-up in construction at area chemical plants, the backlog of projects at local engineering firms, growing consumer confidence, and sustained population and income growth.” He continued, “A pick-up in U.S. economic growth would further stimulate Houston’s economy.”