In the aftermath of the recent oil downturn and Hurricane Harvey in 2017, Houston’s economic recovery is in full-swing. According the Greater Houston Partnership’s 2019 Employment Forecast, the region is expected to add 71,000 jobs over the coming year. The industries projected to see the highest growth include health care, construction, energy, and technology. The city’s real estate market was also projected to be in high demand in 2019.
Houston’s growing population is expected to contribute to the projected increase of 9,000 health care jobs, as more people have a need for health services. The construction sector, meanwhile, is expected to add 8,900 jobs, mainly as a result of continued Hurricane Harvey-related development and the need to accommodate a growing population. The energy sector is also slowly recovering from the latest downturn, and is even expected to add about 1,900 jobs in 2019.
With an increase in investment geared towards bolstering the city’s innovation and tech scene, its no surprise that the “Professional, Scientific, and Technical Services” sector is projected to add 7,200 jobs over the next year.
According to the Houston Business Journal, a separate December report from Menlo Park, California-based staffing agency Robert Half International Inc. (NYSE: RHI) surveyed 100 Houston-based IT leaders at companies with 100 employees or more. Of the 100 IT leaders surveyed, 80 indicated that they plan to expand their technology teams during 2019.
One driver of this, the report noted, was the growing need for companies to invest in cloud security and cybersecurity, two of the most in-demand technology skills in the Houston area.
View the full employment forecast for 2019 here.
Read the Houston Business Journal story on the Partnership's forecast.