May 2013 - Greater Houston Partnership

Volume 22, Number 5  May 2013
A publication of the Greater Houston Partnership
More Closely Linked Than We Realize – Nearly half of all Commuting flows underscore
the degree to which the nine
workers in the surrounding counties—Austin, Brazoria, Chamcounties
of the Houston metro
bers, Fort Bend, Galveston, Liberty, Montgomery and Waller—
area are linked economically.
commute to Harris County each day. Meanwhile, more than
100,000 Harris County residents commute to jobs in the surrounding counties. In all, onefifth of area workers hold a job in a county other than the one where they reside. Those
commuting flows underscore the degree to which the nine counties of the Houston metropolitan area are linked economically.
The findings come from a Greater Houston Partnership analysis of data recently released by
the U.S. Bureau of the Census. Each year, the bureau gathers and reports on the social, financial, demographic, economic and housing status of the nation, then publishes that information as part of the American Community Survey (ACS). The bureau worked with data
from the ―journey to work‖ section of the ACS to develop its County-to-County Commuting
Flows study. Details on Houston:
WHERE RESIDENTS OF THE HOUSTON-THE WOODLANDS-SUGAR LAND METRO AREA WORK
Home County
Total
Job Holders
Work in Home County
Work in Harris County
% of Job
Holders
Jobs
Jobs
% of Job
Holders
Work in Other
Metro Counties
% of Job
Jobs
Holders
Central County
Harris
1,847,826
1,714,047
92.8
1,714,047
92.8
104,422
5.7
Suburban Counties
Austin
13,281
7,602
57.2
2,951
22.2
956
7.2
136,415
72,656
53.3
52,785
38.7
7,982
5.9
Chambers
14,356
4,483
31.2
7,678
53.5
290
2.0
Fort Bend
255,023
89,304
35.0
154,557
60.6
5,976
2.3
Galveston
134,492
78,438
58.3
48,078
35.7
5,156
3.8
28,210
12,645
44.8
10,092
35.8
3,158
11.2
197,321
108,414
54.9
78,346
39.7
2,492
1.3
Brazoria
Liberty
Montgomery
Waller
18,352
7,129
38.8
8,289
45.2
1,783
9.7
Suburban Total
797,450
380,671
47.7
362,776
45.5
27,793
3.5
MSA Total or Avg
2,645,276
2,094,718
79.2
2,076,823
78.5
132,215
5.0
Note: Percentages do not sum to 100 because table excludes 55,500 residents working outside the metro area.
Source: County-to-County Commuting Flows, derived from the American Community Survey, U.S. Bureau of the Census
May 2013
©2013, Greater Houston Partnership
Page 1
HOUSTON—THE ECONOMY AT A GLANCE
The economic ties―one might even say economic dependency―of the nine counties
are more obvious when one examines County Business Patterns, the bureau’s annual
count of business establishments, employment and payroll across the nation. Though
Harris County accounts for only two-thirds of the Houston region’s population, it
contains three-fourths of the region’s business establishments, four-fifths of the jobs,
and generates almost six out of every seven payroll dollars earned by area workers.
ECONOMIC DATA – HOUSTON-THE WOODLANDS-SUGAR LAND METRO AREA
Establishments
Metro %
Employees
Metro %
Harris
91,945
74.4
1,780,376
80.3
Annual Payroll ($M)
105,534.1
Austin
572
0.5
8,536
0.4
351.1
0.3
4,848
3.9
72,007
3.2
3,094.0
2.5
Chambers
498
0.4
8,691
0.4
484.0
0.4
Fort Bend
9,705
7.8
119,838
5.4
5,216.8
4.2
Galveston
5,197
4.2
78,831
3.6
3,017.3
2.4
Liberty
1,035
0.8
11,730
0.5
402.0
0.3
Montgomery
9,137
7.4
128,218
5.8
6,372.6
5.1
County
Brazoria
Waller
Suburban Total
Metro Total
Metro %
84.5
667
0.5
9,538
0.4
397.3
0.3
31,659
25.6
437,389
19.7
19,335
15.5
123,784
100.0%
2,217,765
100.0
$124,869
100.0
Note: Data above do not match the data in the previous table because the data come from different sources,
rely on different methodologies, cover different time periods, and measure different variables.
Source: 2011 County Business Patterns, U.S. Bureau of the Census.
Population growth in the suburbs has created employment opportunities in the outlying counties. From ’02 to ’11, the Houston region added 13,857 new business establishments. The three counties with the fastest growing populations―Brazoria, Fort
Bend and Montgomery―accounted for 45.2 percent of that increase. Harris, however,
accounted for a larger share―47.9 percent of the increase.
Harris County also garnered a larger share of the growth in major employers. County
Business Patterns breaks down the num- ESTABLISHMENTS WITH 100 OR MORE EMPLOYEES
Houston Metro Area
ber of business establishments by emChange
1
County
’02
’11
ployment size. Between ’02 and ’11, HarBrazoria
69
98
29
ris County accounted for two-thirds of the
Fort Bend
135
189
54
growth in medium to very large estab- Harris
2686
2996
310
lishments, i.e., those with 100 or more Montgomery
124
174
50
employees. The three fastest growing All Others
130
144
14
counties―again, Brazoria, Fort Bend and Metro Total
3,144
3,601
457
Montgomery―accounted for one-fourth Source: 2002 , 2011 County Business Patterns, U.S. Bureau
of the Census
1
Data are available for establishments with one to four, five to nine, 10-19, 20-49, 50-99, 100-249, 250-499, 500-999, and 1,000
or more employees. The data are also available at the census tract, zip code, city, county, metro, state and national levels, and by
major industry. More information can be found at http://www.census.gov/econ/cbp/.
May 2013
©2013, Greater Houston Partnership
Page 2
HOUSTON—THE ECONOMY AT A GLANCE
of that growth.
The nine counties of the Houston metro
For several decades, the region’s population growth has
area have a symbiotic relationship.
trended toward the suburban counties while most of the Each county depends on one or more of
the other eight for its prosperity.
employment opportunities have stayed in Harris County. Recent construction activity suggests that trend will
continue. Last year, approximately half of all new single-family homes were built
outside Harris County. Ten years ago, the suburban counties captured less than one
third of all housing starts. But when we consider employment, a Partnership review of
projects in the McGraw Hill construction database found nearly 70 percent (measured
by value) of all office and office/warehouse projects announced, permitted or under
construction in the past 12 months were in Harris County.
Bottom line, the residents of Austin, Brazoria, Chambers, Fort Bend, Galveston, Liberty, Montgomery and Waller counties depend on job opportunities in Harris County as
much as employers in Harris depend on the skills and labor of the residents from the
suburban counties. The nine counties of the Houston metro area have a symbiotic relationship. Each county depends on one or more of the other eight for its prosperity.
Another Good Jobs Report – Among the nation’s 20 largest metropolitan areas, the
Houston-Sugar Land-Baytown Metropolitan Statistical Area2 had the fastest rate of job
growth in the 12 months ending March ’13, according to data released by the U.S. Bureau
of Labor Statistics. Houston recorded a 3.8 percent annual growth rate, ahead of second
place Dallas, which grew at a 3.4 percent annual rate, and third place Tampa, which grew
at a 3.1 percent annual rate.
2
Over-the-Year Percent Change in Employment
March '12 - March '13, Most Populous U.S. Metros
3.8
3.4
3.1
2.8
2.6
2.4 2.3 2.3
2.2 2.1 2.1
1.8
1.5 1.4
1.3 1.2
1.1
0.5
0.2
Detroit
St. Louis
Philadelphia
Chicago
DC
New York
Boston
Miami
Minneapolis
Riverside
Baltimore
Los Angeles
Seattle
Phoenix
Atlanta
San Diego
San Francisco
Tampa
Dallas
-0.1
Houston
The Houston metro area
created 102,300 jobs
during those 12 months,
slightly less than the nation’s two most populous
metro areas. Los Angeles
created 116,000 jobs and
New
York
created
106,800. When one considers that the workforces of Los Angeles
and New York are, respectively, two and three
times as large as Houston’s, the robustness of
Houston’s job growth
Source: U.S. Bureau of Labor Statistics
The U.S. Bureau of Labor Statistics still reports employment data based on the old delineation of a 10-county Houston metro
area.
May 2013
©2013, Greater Houston Partnership
Page 3
HOUSTON—THE ECONOMY AT A GLANCE
stands out sharply.
All sectors of Houston’s economy are performing well. Houston’s job growth in what
economists refer to as the ―supersectors‖ continues to exceed the national averages.
Employment Growth, Mar '12 - Mar '13
Annual Percent Change
U.S.
Houston
7.4
5.5
4.8
4.6
4.3
3.8
3.8
3.23.4
3.3
2.3
1.5
1.5
1.8
2.3
1.9
2.2
0.9
0.7
1.9
1.4
1.1
1.2
-0.3
Source: U.S. Bureau of Labor Statistics
Several factors are driving job growth. Oil prices have not fallen below $70 per barrel
since May ’10. Houston exports grew 6.5 percent in ’12 and 26.1 percent the year before.
The race to tap the Eagle Ford Shale, the Bakken Shale and the Permian Basin has juiced
demand for engineering services. And Houston’s net migration gain of approximately
150 people per day has spurred demand for housing, retail and consumer-related services.
Even with strong population growth, the region’s unemployment rate continues to decline. In March, Houston’s unemployment rate was 6.1 percent, down from 8.8 percent at
its peak in June ’11. Texas’ unemployment rate was 6.3 percent in March, down from 8.6
percent at the peak in June ’11. The U.S. rate was 7.6 percent in March, down from 10.6
percent at the peak in January ’10.3
3
Seasonally adjusted unemployment rates are not available for Houston, so unadjusted rates are used for Texas and the United
States to ensure an apples-to-apples comparison.
May 2013
©2013, Greater Houston Partnership
Page 4
HOUSTON—THE ECONOMY AT A GLANCE
Aviation Update – The
Houston Airport System Traffic
Houston Airport System
Passengers (Millions)
12.67
(HAS) handled 11.9
12.11 12.30
11.87 11.93
11.33
11.21 11.43 11.55
million passengers the
10.40
first quarter of ’13, the
strongest first quarter
performance since the
first quarter of ’08, when
HAS handled 12.7 million passengers. Domestic traffic grew 0.4 percent from 9.74 million in Q1/04 Q1/05 Q1/06 Q1/07 Q1/08 Q1/09 Q1/10 Q1/11 Q1/12 Q1/13
Q1/12 to 9.78 million in
Source: Houston Airport System
Q1/13. International traffic grew 0.7 percent from 2.14 million in Q1/12 to 2.15 million in Q1/13. Total traffic
grew 0.5 percent, from 11.87 million in Q1/12 to 11.93 million in Q1/13.
Air service from Houston continues to grow. Spirit Airlines recently launched nonstop
service from Bush Intercontinental Airport to Los Angeles, Denver, and Detroit; Southwest Airlines launched direct service from William P. Hobby Airport to Pittsburgh International Airport; and Frontier Airlines has announced plans to initiate service between
Hobby and Delaware’s New Castle Airport.
Close the Book on Foreclosures – Postings and foreclosures in Harris, Fort Bend and
Montgomery Counties, the three that Foreclosure Information & Listing Service (FILS)
tracks, are now at pre-recession levels. For the 12 months ending April ’13, foreclosures
in the three counties totaled 10,659, the lowest level since January ’07. FILS calculates
that if the same level of activity from the first four months of the year were to be replicated through the remainder of ’13, total annual postings in Harris County would fall to
the lowest level since ’03. Postings for Fort Bend and Montgomery County have already
fallen to ’06 levels, the earliest year for which data for those counties are available.
April ’13
April ’12
Recent Peak
Peak Level
Change from Peak
HOUSTON METRO AREA POSTING AND FORECLOSURE ACTIVITY
Harris
Fort Bend
Montgomery
Postings
Foreclosures
Postings
Foreclosures
Postings
Foreclosures
1,309
403
250
50
159
56
2,920
794
522
105
296
96
Jan ’10
Sep ’10
Sep ’10
Sept ’10
Dec ’10
Jan ’10
4,719
1,604
878
250
541
184
-72.3%
-74.9%
-71.5%
-80.0%
-70.6%
-69.6%
Source: Foreclosure Information & Listing Service, Inc.
May 2013
©2013, Greater Houston Partnership
Page 5
HOUSTON—THE ECONOMY AT A GLANCE
Houston Area Survey Update – Houstonians’ concerns about the economy have diminished since last year, but their concerns over traffic, crime and other issues have grown.
Those insights are drawn from the recently released 32nd annual Kinder Institute Houston Area Survey directed by Rice University sociology professor Stephen Klineberg.
A few findings from the survey:
Responses to the survey question:
"What do you feel is Houston's biggest problem?"
 58 percent of respondents
rated job opportunities in
Houston as ―good‖ or ―excellent.‖
Economy
 73 percent agreed with the
statement: ―For a person to
be successful in today’s
world, it is necessary to get
an education beyond high
school.‖
Crime
Traffic
Other
32%
30%
15%
21%
16%
23%
37%
26%
 51 percent expect they will
2012
2013
be financially ―better off‖
Source: Kinder Institute Houston Area Survey
three years down the road,
a slight decline from 54 percent the year before.
 Compared to other U.S. metro areas, 90 percent rate Houston as a ―much better‖ or
―slightly better‖ place to live.
For the full report, go to http://has.rice.edu/.
Patrick Jankowski and Jenny Philip
contributed to this issue of
Houston: The Economy at a Glance
May 2013
©2013, Greater Houston Partnership
Page 6
HOUSTON—THE ECONOMY AT A GLANCE
STAY UP TO DATE!
Are you a GHP Member? If so, log in to your account here and access archived issues of Glance
available only to members. You can also sign-up RSS feeds to receive Houston’s latest economic
data throughout the month.
If you are a non-member and would like to receive this electronic publication on the first working day
of each month, please email your request for Economy at a Glance to [email protected].
Include your name, title and phone number and your company’s name and address. For information
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Member Services at 713-844-3683.
The Key Economic Indicators table is updated whenever any data change — typically, 11 or so
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commentary, please email your request for Key Economic Indicators to [email protected]
with the same identifying information.
You may request Glance and Indicators in the same email.
May 2013
©2013, Greater Houston Partnership
Page 7
HOUSTON—THE ECONOMY AT A GLANCE
Houston Economic Indicators
A Service of the Greater Houston Partnership
YEAR-TO-DATE TOTAL or
YTD AVERAGE*
MONTHLY DATA
Month
Most
Recent
ENERGY
U.S. Active Rotary Rigs
Spot Crude Oil Price ($/bbl, West Texas Intermediate)
Spot Natural Gas ($/MMBtu, Henry Hub)
Apr '13
Apr '13
Apr '13
1,755
91.17
4.18
1,962
103.64
1.94
-10.6
-12.0
115.5
1,757 *
93.62 *
3.65 *
1,985 *
102.88 *
2.32 *
-11.5
-9.0
57.3
UTILITIES AND PRODUCTION
Houston Purchasing Managers Index
Nonresidential Electric Current Sales (Mwh, CNP Service Area)
Mar '13
Mar '13
61.0
3,684,116
59.1
3,760,823
3.2
-2.0
57.8 *
11,565,274
59.4 *
11,635,847
-2.7
-0.6
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
984,447,000
304,222,000
680,225,000
473,154,121
285,881,284
169,357,337
116,523,947
187,272,837
168,774,478
18,498,359
788,991,000
204,257,000
584,734,000
428,086,460
297,869,852
132,565,856
165,303,996
130,216,608
108,197,400
22,019,208
24.8
48.9
16.3
10.5
-4.0
27.8
-29.5
43.8
56.0
-16.0
Mar '13
Mar '13
Mar '13
7,006
172,000
32,704
5,866
161,500
41,997
19.4
6.5
-22.1
Mar '13
Mar '13
Mar '13
2,762,500
539,400
2,223,100
2,660,200
512,800
2,147,400
3.8
5.2
3.5
Mar '13
Mar '13
Mar '13
6.3
6.5
8.1
7.3
7.2
8.7
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
Mar '13
3,897,925
4,421,813
3,615,288
806,525
71,628
36,441
19,029
17,412
3,706,723
4,334,842
3,565,276
769,566
72,462
36,713
18,952
17,761
5.2
2.0
1.4
4.8
-1.2
-0.7
0.4
-2.0
10,810,637
11,927,372
9,776,560
2,150,812
196,724
102,139
52,669
49,470
10,672,111
11,871,466
9,736,323
2,135,143
205,821
102,255
52,878
49,377
1.3
0.5
0.4
0.7
-4.4
-0.1
-0.4
0.2
Mar '13
Mar '13
Mar '13
3Q12
31,096
13,830
17,266
26,987
25,027
11,388
13,639
23,661
24.2
21.4
26.6
14.1
84,707
36,914
47,793
76,829
77,609
34,008
43,601
70,081
9.1
8.5
9.6
9.6
Mar '13
Mar '13
205.716
232.773
204.291
229.392
0.7
1.5
204.906 *
231.740 *
203.338 *
227.907 *
0.8
1.7
4Q12
4Q12
4Q12
62.3
94.08
58.65
58.3
89.38
52.10
5.3
12.6
65.4 *
94.23 *
61.66 *
59.8 *
90.57 *
54.16 *
4.0
13.8
Apr '13
Apr '13
1,309
403
2,920
794
-55.2
-49.2
6,720
1,901
CONSTRUCTION
Total Building Contracts ($, Houston MSA)
Nonresidential
Residential
Building Permits ($, City of Houston)
Nonresidential
New Nonresidential
Nonresidential Additions/Alterations/Conversions
Residential
New Residential
Residential Additions/Alterations/Conversions
Multiple Listing Service (MLS) Activity
Closings
Median Sales Price - SF Detached
Active Listings
EMPLOYMENT (Houston-Sugar Land-Baytown MSA)
Nonfarm Payroll Employment
Goods Producing (Natural Resources/Mining/Const/Mfg)
Service Providing
Unemployment Rate (%) - Not Seasonally Adjusted
Houston-Sugar Land-Baytown MSA
Texas
U.S.
FOREIGN TRADE (Houston-Galveston Customs District)
Port of Houston Authority Shipments (Short Tons)
Air Passengers (Houston Airport System)
Domestic Passengers
International Passengers
Landings and Takeoffs
Air Freight (metric tons)
Enplaned
Deplaned
CONSUMERS
New Car and Truck Sales (Units, Houston MSA)
Cars
Trucks, SUVs and Commercials
Total Retail Sales ($000,000, Houston MSA, NAICS Basis)
Consumer Price Index for All Urban Consumers ('82-'84=100)
Houston-Galveston-Brazoria CMSA
United States
Hotel Performance (Harris County)
Occupancy (%)
Average Room Rate ($)
Revenue Per Available Room ($)
POSTINGS AND FORECLOSURES
Postings (Harris County)
Foreclosures (Harris County)
May 2013
Year
%
Earlier Change
©2013, Greater Houston Partnership
Most
Recent
2,535,381,000
716,870,000
1,818,511,000
1,533,081,854
1,080,028,771
617,837,528
462,191,243
453,053,083
403,043,403
50,009,680
17,010
161,233 *
33,199 *
2,746,367 *
536,300 0
2,210,067 0
6.5 *
6.7 *
8.3 *
Year
%
Earlier Change
2,477,756,000
933,005,000
1,544,751,000
1,178,420,214
823,846,652
302,702,132
521,144,520
354,573,562
301,121,302
53,452,260
2.3
-23.2
17.7
30.1
31.1
104.1
-11.3
27.8
33.8
-6.4
14,036
150,433 *
41,997 *
21.2
7.2
-20.9
2,634,367 *
506,400 *
2,127,967 *
4.3
5.9
3.9
7.4 *
7.4 *
8.8 *
12,654
3,565
-46.9
-46.7
Page 8
HOUSTON—THE ECONOMY AT A GLANCE
Sources
Rig Count
Spot WTI, Spot Natural Gas
Houston Purchasing Managers
Index
Electricity
Building Construction Contracts
City of Houston Building Permits
MLS Data
Employment, Unemployment
May 2013
Baker Hughes Incorporated
U.S. Energy Information Admin.
National Association of
Purchasing Management –
Houston, Inc.
CenterPoint Energy
McGraw-Hill Construction
Building Permit Department, City
of Houston
Houston Association of Realtors
Texas Workforce Commission
Port Shipments
Aviation
Car and Truck Sales
Retail Sales
Consumer Price Index
Hotels
Postings, Foreclosures
©2013, Greater Houston Partnership
Port of Houston Authority
Aviation Department, City of
Houston
TexAuto Facts Report,
InfoNation, Inc., Sugar Land TX
Texas Comptroller’s Office
U.S. Bureau of Labor Statistics
PKF Consulting/Hospitality Asset
Advisors International
Foreclosure Information & Listing
Service
Page 9
HOUSTON—THE ECONOMY AT A GLANCE
HOUSTON MSA NONFARM PAYROLL EMPLOYMENT (000)
Change from
Feb '13
Mar '12
% Change from
Feb '13
Mar '12
Mar '13
Feb '13
Mar '12
2,762.5
2,385.7
539.4
2,223.1
1,846.3
2,752.7
2,377.0
539.1
2,213.6
1,837.9
2,660.2
2,290.6
512.8
2,147.4
1,777.8
9.8
8.7
0.3
9.5
8.4
102.3
95.1
26.6
75.7
68.5
0.4
0.4
0.1
0.4
0.5
3.8
4.2
5.2
3.5
3.9
Mining and Logging
Oil & Gas Extraction
Support Activities for Mining
104.6
55.9
47.5
104.0
55.8
47.1
97.4
52.7
43.6
0.6
0.1
0.4
7.2
3.2
3.9
0.6
0.2
0.8
7.4
6.1
8.9
Construction
184.6
186.3
176.1
-1.7
8.5
-0.9
4.8
Manufacturing
Durable Goods Manufacturing
Nondurable Goods Manufacturing
250.2
170.3
79.9
248.8
169.1
79.7
239.3
160.7
78.6
1.4
1.2
0.2
10.9
9.6
1.3
0.6
0.7
0.3
4.6
6.0
1.7
Wholesale Trade
149.7
148.3
142.1
1.4
7.6
0.9
5.3
Retail Trade
279.7
279.5
269.0
0.2
10.7
0.1
4.0
Transportation, Warehousing and Utilities
Utilities
Air Transportation
Truck Transportation
Pipeline Transportation
131.6
16.3
22.1
24.3
10.4
130.9
16.4
22.0
24.3
10.4
127.0
16.7
22.5
23.2
10.5
0.7
-0.1
0.1
0.0
0.0
4.6
-0.4
-0.4
1.1
-0.1
0.5
-0.6
0.5
0.0
0.0
3.6
-2.4
-1.8
4.7
-1.0
Information
Telecommunications
31.8
15.2
31.8
15.2
31.2
15.4
0.0
0.0
0.6
-0.2
0.0
0.0
1.9
-1.3
Finance & Insurance
89.6
89.3
89.1
0.3
0.5
0.3
0.6
Real Estate & Rental and Leasing
50.8
50.3
49.4
0.5
1.4
1.0
2.8
414.1
198.4
23.9
21.8
68.7
27.0
192.5
182.5
74.8
412.8
197.0
23.7
22.0
68.3
27.0
192.7
182.9
74.0
400.6
192.1
23.2
22.4
63.6
25.9
186.1
177.2
70.1
1.3
1.4
0.2
-0.2
0.4
0.0
-0.2
-0.4
0.8
13.5
6.3
0.7
-0.6
5.1
1.1
6.4
5.3
4.7
0.3
0.7
0.8
-0.9
0.6
0.0
-0.1
-0.2
1.1
3.4
3.3
3.0
-2.7
8.0
4.2
3.4
3.0
6.7
47.4
47.4
45.4
0.0
2.0
0.0
4.4
Health Care & Social Assistance
293.4
291.5
277.6
1.9
15.8
0.7
5.7
Arts, Entertainment & Recreation
27.7
26.3
27.2
1.4
0.5
5.3
1.8
Accommodation & Food Services
234.8
234.4
225.6
0.4
9.2
0.2
4.1
95.7
95.4
93.6
0.3
2.1
0.3
2.2
376.8
27.4
72.7
39.6
276.7
195.3
375.7
27.4
72.3
39.3
276.0
194.6
369.6
27.3
71.9
39.4
270.4
189.8
1.1
0.0
0.4
0.3
0.7
0.7
7.2
0.1
0.8
0.2
6.3
5.5
0.3
0.0
0.6
0.8
0.3
0.4
1.9
0.4
1.1
0.5
2.3
2.9
Total Nonfarm Payroll Jobs
Total Private
Goods Producing
Service Providing
Private Service Providing
Professional & Business Services
Professional, Scientific & Technical Services
Legal Services
Accounting, Tax Preparation, Bookkeeping
Architectural, Engineering & Related Services
Computer Systems Design & Related Services
Admin & Support/Waste Mgt & Remediation
Administrative & Support Services
Employment Services
Educational Services
Other Services
Government
Federal Government
State Government
State Government Educational Services
Local Government
Local Government Educational Services
SOURCE: Texas Workforce Commission
May 2013
©2013, Greater Houston Partnership
Page 10
HOUSTON—THE ECONOMY AT A GLANCE
PURCHASING MANAGERS INDEX
HOUSTON & U.S. 2004-2014
70
65
60
55
50
45
40
35
30
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
HOUSTON
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
U.S.
Source: National Association for Purchasing Management - Houston, Inc.
HOUSTON MSA EMPLOYMENT
2004-2014
2,800
160
2,750
140
2,700
120
100
2,600
2,550
80
2,500
60
2,450
40
2,400
20
2,350
0
2,300
2,250
-20
2,200
-40
2,150
12-MONTH CHANGE (000)
NONFARM PAYROLL EMPLOYMENT (000)
2,650
-60
2,100
-80
2,050
-100
2,000
1,950
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
12-MONTH CHANGE
Jan-10
Jan-11
Jan-12
Jan-13
-120
Jan-14
JOBS
Source: Texas Workforce Commission
May 2013
©2013, Greater Houston Partnership
Page 11
HOUSTON—THE ECONOMY AT A GLANCE
GOODS-PRODUCING AND SERVICE-PROVIDING EMPLOYMENT
HOUSTON MSA 2004-2014
550
2,250
540
2,200
530
2,150
GOODS-PRODUCING (000)
2,050
510
2,000
500
1,950
490
1,900
480
1,850
470
SERVICE-PROVIDING (000)
2,100
520
1,800
460
1,750
450
1,700
440
1,650
430
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
GOODS-PRODUCING JOBS
Jan-11
Jan-12
Jan-13
1,600
Jan-14
SERVICE-PROVIDING JOBS
Source: Texas Workforce Commission
UNEMPLOYMENT RATE
HOUSTON & U.S. 2004-2014
11
10
9
PERCENT OF LABOR FORCE
8
7
6
5
4
3
2
1
0
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
HOUSTON
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
U.S.
Source: Texas Workforce Commission
May 2013
©2013, Greater Houston Partnership
Page 12
HOUSTON—THE ECONOMY AT A GLANCE
SPOT MARKET ENERGY PRICES
28
120
24
100
20
80
16
60
12
40
8
20
4
0
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
WTI Monthly
Jan-09
WTI 12-MO AVG
Jan-10
Jan-11
GAS MONTHLY
Jan-12
Jan-13
0
Jan-14
Jan-13
Jan-14
HENRY HUB NATURAL GAS ($/MMBTU)
WEST TEXAS INTERMEDIATE ($/BBL)
2004-2014
140
GAS 12-MO AVG
Source: U.S. Energy Information Administration
INFLATION: 12-MONTH CHANGE
2004-2014
6%
5%
4%
3%
2%
1%
0%
-1%
-2%
-3%
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
HOUSTON CPI-U
Jan-10
Jan-11
Jan-12
U.S. CPI-U
Source: U.S. Bureau of Labor Statistics
May 2013
©2013, Greater Houston Partnership
Page 13