Houston set to end year with record employment as scorching labor market cools
Shoppers in the Galleria Mall on Black Friday, the official start of the holiday shopping season, Friday, Nov. 25, 2022 in Houston, TX.The Houston region is set to end the year with record employment, adding nearly 10,000 jobs in November to nudge total employment across the region above 3.4 million and the unemployment rate lower.
In some ways, he suggested, that would be a good thing, as the labor market is currently"extremely tight" and"out of balance." Large-scale layoffs are not likely, he said, even as GDP growth slows and many economists expect a recession next year."The reports we get from the field are that companies are very reluctant to lay people off, other than the tech companies, which is, you know, a story unto itself," Powell said.
Jankowski's baseline forecast calls for Houston to add approximately 60,000 jobs in 2023, about half of this year's gains.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Upcoming Houston Food Events: R-C Ranch Celebrates One Year at the Houston Farmers MarketMark your calendars, because you don’t want to miss these deliciously fun culinary happenings: Max’s Wine Dine, 4720 Washington, will celebrate its 16th year with a special Sweet 16 wine dinner on Friday, December 16 at 7 p.m. The curated four-course dinner with special wine pairings costs $66 per person...
Read more »
Houston police search for Galena Park man Danail Strawhun, missing since FridayFamily members said Danail Strawhun was at a party Friday in Galena Park.
Read more »
Five North Texas Schools Compete for Texas High School Football Titles this WeekendGunter, Aledo, South Oak Cliff, DeSoto, and Duncanville High Schools all qualified for the championship game, in their respective divisions, at AT&T Stadium.
Read more »
Report: Texas AG sought driver license data on gender changeThe office of Republican Texas Attorney General Ken Paxton this summer sought data on how many people had changed the gender information on their driver's license.
Read more »
Report: Texas AG sought driver license data on gender changeRecords obtained by The Washington Post show the office of Republican Texas Attorney General Ken Paxton this summer sought data on how many people had changed the gender information on their driver’s license.
Read more »