The latest employment data for Missouri City paints a picture of a robust job market, mirroring national trends despite some sector-specific fluctuations. While unemployment remains low, certain industries like healthcare and manufacturing see promising growth, while others like retail experience slight contractions.
Highlights:
- Overall job growth: Positive, with new positions added across various sectors.
- Unemployment rate: Low and stable compared to national average.
- Top growing industries: Healthcare & Social Assistance, Manufacturing, Professional & Business Services.
- Top declining industries: Retail Trade, Accommodation & Food Services.
- Wage growth: Steady but slower than national average.
What Industries and Occupations Grew:
- Healthcare & Social Assistance: Added the most jobs, driven by demand for nurses, aides, and therapists.
- Manufacturing: Continued expansion, particularly in energy and aerospace sectors.
- Professional & Business Services: Saw growth in tech, finance, and legal positions.
- Construction: Modest increase fueled by residential and infrastructure projects.
What Industries and Occupations Shrank:
- Retail Trade: Experienced slight job losses, likely due to automation and online shopping trends.
- Accommodation & Food Services: Declined marginally, potentially reflecting post-pandemic adjustments.
Compare to Same Month Last Year:
- Job growth: Stronger than January 2023, indicating a positive trajectory.
- Unemployment rate: Lower than January 2023, reflecting a tighter labor market.
- Wage growth: Slightly slower than January 2023, lagging national trends.
Compare to Previous Month:
- Job growth: Similar to December 2023, suggesting sustained momentum.
- Unemployment rate: Stable compared to December 2023.
- Wage growth: Slightly higher than December 2023, hinting at potential acceleration.
Future Outlook:
The Missouri City job market is expected to maintain its positive trajectory in 2024. Growth in healthcare, manufacturing, and technology is likely to continue, while retail and hospitality might see slower expansion.
10 Growing Occupations:
- Registered Nurses
- Home Health Aides and Personal Care Aides
- Manufacturing Production Workers
- Customer Service Representatives
- Software Developers and Applications Developers
- Truck Drivers and Heavy Vehicle Operators
- Construction Laborers
- Sales Representatives
- Elementary School Teachers
- Marketing Specialists
10 Companies Hiring Now:
- H-E-B
- Walmart
- Memorial Hermann Health System
- Schlumberger
- Baker Hughes
- Amazon
- Texas Instruments
- United Parcel Service (UPS)
- Kroger
- Lowe’s
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