Houston Economy

So how is the Houston economy? When you are in job search mode or in fear of job loss, suddenly the economic health of our nation and community becomes VERY important. September 2010 unemployment numbers were reported at 9.6% national average and Houston is fairing better at 8.8%. We are doing better than the national average but these numbers do not include the NASA cutbacks taking place now. The verdict is still out on the volume of job loss (reports have ranged from 2000 to 6000 in Houston).

But it is not all gloom and doom in Rocket city. Houston came in No. 1, with 129,800 private-sector jobs created between June 2005 and June 2010. Dallas came in second, gaining 71,300 private-sector jobs. Austin ranked third, with 56,100 new private-sector jobs; San Antonio ranked No. 4, with a gain of 32,600 private-sector jobs. We would like to point out that the highly popular Chi irons and Biosilk hair care line by Farouk increased the Houston private sector job market by adding 4,000 jobs in Houston by pulling all manufacturing outsourcing from Asia. Houston is teaching the world how to deal with frizzy hair and economic stability. Houston has had the fortune of a steadier job market due to the diversity of our industries. We are a city of diverse strengths including numerous space and science research firms; home of top medical research and hospitals, electronics plants; high-tech and computer-technology industries; and all things oil and gas. In Houston, we value our scientific technology and set our goals higher than the moon.