Gains in employment numbers represent a year-over-year increase of 3.3 percent, commission says
June 20, 2014 | Updated: June 20, 2014 11:53pm
With energy and professional service firms leading the way, May was another strong month for job growth in Houston.
Employers across the region added 93,300 jobs over the past year, the Texas Workforce Commission reported Friday. The job gains between May 2013 and May 2014 represent a year-over-year increase of 3.3 percent.
The data are not seasonally adjusted to account for school schedules and major holidays that typically affect hiring in retail, recreation, hospitality and other sectors of the economy. However, Bill Gilmer, director of the Institute for Regional Forecasting at the University of Houston, seasonally adjusts the local employment data.
He reports Houston’s growth is even more impressive than the official numbers indicate.
On a seasonally adjusted basis, Gilmer said, the first five months of 2014 have created 49,900 new jobs. If that pace continued for the rest of the year, Houston would be on track to add 120,000 jobs in 2014, a gain of 4.5 percent.