Houston First in Job Growth.....again (Dallas, San Antonio: leasing, house, job market)

[Scarface713]

(found this at another forum)

A list of the top 5 job growth metros from the past year (2007-2008)

Rank - Metro - Number of Jobs

1. Houston +52,300
2. Dallas +50,000
3. Washington DC +35,700
4. San Antonio +17,900
5. Boston +14,900

And for job losses during the same time period:

1. Detroit -55,700
2. LA -50,600
3. Phoenix -50,000
4. Atlanta -44,800
5. Miami -40,500

You can find the stats here: Metropolitan Area Employment and Unemployment Summary

The BizJournals of the listed cities have stories as well.

[ssgmun5000]

Wow thats awesome. Houston on top followed by Dallas and San Antonio in the top 5. On the flip side I hope we can get a handle on mass transit cause of the influx of population.

[Jesse69]

I think the job growth has collapsed after October 15th. Now the Houston Chronicle is talking about how people in Oil & Gas feel lucky to keep their job. And companies are lowballing us with lower pay, like this $55,000 to $75,000 job for 10+ years experience!

Project Engineer

[tstone]

That's a pipe dream. The pay is not competitive unless you're out of college with up to 3-5 years experience.

An seasoned engineer with 10 years experience and business connections is not going to bother answering that ad, much less use Craigslist to find a job.

[EasilyAmused]

Originally Posted by Jesse69

I think the job growth has collapsed after October 15th. Now the Houston Chronicle is talking about how people in Oil & Gas feel lucky to keep their job. And companies are lowballing us with lower pay, like this $55,000 to $75,000 job for 10+ years experience!

Project Engineer

I personally don't know anybody in O&G who feels threatened. The Chronicle. pfffffft.

Hires slow and Grunt labor gets canned when production is down.

[chris_ut]

I'm in O&G and I feel threatened. I am a Landman and we do the preliminary leasing and title work to prep a unit to be drilled. There has been a major pullback in the plans to drill new wells and corresponding major layoffs in my field. The reason few people are getting laid off at the companies right now is the large backlog of projects already underway. If prices recover in the next year than these projects should sustain employment but if they don't then look for major internal layoffs at O&G companies at the end of 09.

[Jesse69]

http://www.khou.com/business/stories....2d14308b.html

I've also been unemployed in Houston now for 16 weeks. I'm gonna move back to parents house before it runs UE out.

[desertsun41]

Originally Posted by Jesse69

I think the job growth has collapsed after October 15th. Now the Houston Chronicle is talking about how people in Oil & Gas feel lucky to keep their job. And companies are lowballing us with lower pay, like this $55,000 to $75,000 job for 10+ years experience!

Project Engineer

I agree with you Jesse, probably because you are right. Things seemed to have collapsed in Houston too. And October 15 seems to be right about the time of the collapse of the big financial institutions.

If you go back and check the Sunday paper job classifieds during the first 3/4 of the year you will find 25 or more pages of help wanted. By mid October till now there are about 5 pages of help wanted. You can also check Craigslist job section. It went from an average of 150 job postings per day to less then 10 in each catagory today. Just walk through the malls today. Just try and find a store hiring for Christmas help. No one is hiring.

The fact that Houston is still in the lead after the late year fall suggests just how strong the job market was here for most of the year. So what Im saying is dispite the fall late in the year, Houston is still in the lead for job growth. That is still pretty awesome Houston !!!!

[AK123]

Originally Posted by Angel713

(found this at another forum)

A list of the top 5 job growth metros from the past year (2007-2008)

Rank - Metro - Number of Jobs

1. Houston +52,300
2. Dallas +50,000
3. Washington DC +35,700
4. San Antonio +17,900
5. Boston +14,900

And for job losses during the same time period:

1. Detroit -55,700
2. LA -50,600
3. Phoenix -50,000
4. Atlanta -44,800
5. Miami -40,500

You can find the stats here: Metropolitan Area Employment and Unemployment Summary

The BizJournals of the listed cities have stories as well.

Yes, I saw that in another forum too. Thanks for posting.

Bad news for L.A., Phoenix and Atlanta...

[Supermac34]

I'm currently discussing positions in three different O&G companies that have several reqs available in the space that I work with very competitive salary packages and good outlooks for the coming years.

I would say that it has slowed down, but there are still a lot of jobs out there for qualified people.