Marcus Hiles explains that the most promising sign of the economic turnaround is the Greater Houston Partnership’s prediction that Greater Houston will create 29,700 new jobs in 2017, nearly double the amount of 2016. In addition to the oil and gas industry’s recovery, two other core features of the city’s economy are thriving – the Texas Medical Center, the largest in the world, and the Port of Houston. “As healthcare becomes more important in society and the economy, we’ll continue to see growth,” regional economist Patrick Janikowski noted. The sector should add some 9,800 jobs this year, accounting for nearly 30 percent of Texas’ overall economic growth. Even among employers, the outlook for 2017 is the highest it’s been in years. In a new report from Houston recruiting firm Murray Resources, 7.7 percent of companies expect to be making significant hires this year, the most since 2013, prior to the downturn in oil prices.
Marcus Hiles Proud Of Economic Growth In Houston Region