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Partnership Forecasts Houston will Create 71,000 Jobs in 2019

Published Dec 14, 2018 by A.J. Mistretta

HOUSTON (Dec. 14, 2018) – The Greater Houston Partnership forecasts the Houston metro area will create 71,000 net new jobs in 2019. Health care, construction and administrative services are expected to lead employment growth, though gains are anticipated in all sectors.

If the Partnership’s annual jobs forecast holds up, the region will end the year with 3.2 million payroll jobs, a net gain of more than 600,000 over the past 10 years and the fourth-largest gain of any metro in the nation.

“Houston has emerged from one of the worst energy downturns of the past 35 years where one in every four of the region’s energy jobs was lost,” said Patrick Jankowski, Senior Vice President of Research for the Partnership. “In previous downturns, such a collapse would have devastated the entire economy. This time, Houston held up quite well because our ties to the U.S. and global economies are now just as strong as our ties to oil and gas. With energy back in the black, we are poised to see growth across the spectrum.”

New jobs forecasted for 2019 by major sector:

  • Energy: 1,900
  • Health Care & Social Services: 9,000
  • Construction 8,900 Manufacturing: 6,300
  • Finance & Insurance: 1,400

Click here to see the full report, including additional jobs figures by industry. For a look back at the economy in 2018 by industry, click here for the Houston Economic Highlights report.

The mission of the Partnership is to make Houston one of the world’s best places to live, work and build a business. To that end, the Partnership provides this forecast to help the Houston business community and those involved in economic development in the region understand trends influencing the region’s economy and driving industry gains or losses. The forecast is designed to help businesses make better investment, staffing and purchase decisions in the coming year.

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Economic Development

Greater Houston Partnership Recognized Among Site Selection Magazine’s Top Groups

5/3/24
The Greater Houston Partnership has been awarded Site Selection Magazine’s Mac Conway Award for Excellence in Economic Development for its outstanding regional economic development performance in 2023. Widely considered to be the gold standard recognition for regions from the industry’s top trade publication, the award is based on the following criteria:  Total projects Total investment associated with those corporate facility projects Total jobs associated with those corporate facility projects Per capita calculations of those same three metrics  "Receiving the Mac Conway Award for Excellence in Economic Development is not just a recognition of our region’s achievements; it's a testament to our commitment to creating opportunity in Houston,” said Steve Kean, President and CEO at the Partnership. “It’s a team effort here in Houston, and we are delighted to work with our partner economic development groups across the region to tell the world about Houston and attract new jobs and investment to our community.”  This is the Partnership’s first win since 2021 and 15th time winning the award. The Partnership previously received honorable mentions in 2007, 2016 and 2017, bringing the Partnership’s total number of appearances in Site Selection’s top group rankings to 18 since its inception in 1989.  “I am very proud of our organization's recognition of the prestigious Mac Conway Award for Excellence,” said Craig Rhodes, Senior Vice President of Economic Development at the Partnership. “It's a testament to the collaborative efforts with our partners across the 12-county region, and it motivates our team to continue our mission of driving inclusive prosperity and creating meaningful opportunities for all."  Following major economic development wins in 2023, the greater Houston region has gotten off to a strong start in the first quarter of 2024, with 139 new business announcements identified.  A total of 40 businesses established new facilities in the Houston area while 97 projects were an expansion of existing Houston-area facilities. Manufacturing accounted for 32 percent of the announcements, with professional, scientific and technical services ranking second (17 percent).  Learn more about why companies choose Houston.
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