Greater Houston region expected to see slower job growth in 2020

The Greater Houston area is expected to see a net gain of 42,300 jobs in 2020. (Courtesy Fotolia)
The Greater Houston area is expected to see a net gain of 42,300 jobs in 2020. (Courtesy Fotolia)

The Greater Houston area is expected to see a net gain of 42,300 jobs in 2020. (Courtesy Fotolia)

The Greater Houston area is expected to see a net gain of 42,300 jobs in 2020, according to Patrick Jankowski, senior vice president of research for the Greater Houston Partnership. This estimate is down from a year-to-date increase of 64,400 jobs in 2019.

Health care is once again the fastest-growing sector with an estimated 7,900 new jobs next year, while the energy industry is slated for another “restructuring” and a loss of about 4,000 jobs, Jankowski said Dec. 5 at the GHP’s annual Economic Outlook event.

“The economy is growing, but Houston’s growth is falling,” he said. “We are starting to see a slowdown in Houston.”

See the Greater Houston area's job growth trends over the last 20 years and the region's projected job gains and losses by sector in 2020 below:




Along with more consolidations in the energy industry next year, Jankowski said he anticipates slower income growth across the region, weaker car sales and challenges in the commercial real estate and retail industries. However, he said he does not expect to see a drop in home sales in 2020 based on residential real estate trends.

“In the next few years, [Houston is] going to be very dependent on what happens in the U.S. economy and the global economy to drive growth in this economy,” he said.


Jankowski said the economy is cyclical, and what he has observed in 2018-19 is similar to what Houston saw as the oil and gas industry recovered from a collapse in the 1980s.

As job growth slows, Jankowski said he is optimistic about Houston’s future. In the 1990s the region gained 900,000 new residents and added 500,000 jobs even with little help from the energy industry, he said.

“We’re not having a repeat of the [19]80s, but as we enter the next decade, it’s going to look an awful lot like what Houston dealt with in the [19]90s,” he said. “[Houston] won’t be growing the way we grew with oil prices high, but we will still grow, and hopefully we’ll get some help from energy.”
By Danica Lloyd
Danica joined Community Impact Newspaper as a Cy-Fair reporter in May 2016 after graduating with a journalism degree from Union University in Jackson, Tennessee. She became editor of the Cy-Fair edition in March 2020 and continues to cover education, local government, business, demographic trends, real estate development and nonprofits.


MOST RECENT

“We understand these are uncertain times and many families are worried how they are going to balance work and follow the vital school curriculum at home,” YMCA President and CEO Stephen Ives said in the release. (Courtesy Adobe Stock)
Registration open for 11 YMCA locations offering virtual learning centers to help working families this fall

“We understand these are uncertain times and many families are worried how they are going to balance work and follow the vital school curriculum at home,” YMCA President and CEO Stephen Ives said in the release.

Harris County continues to report more confirmed cases of COVID-19 in the Cy-Fair area. (Community Impact staff)
182 new COVID-19 cases confirmed in Cy-Fair on Aug. 3

At least 8,864 cases of COVID-19 have been confirmed across Cy-Fair.

(Community Impact Newspaper staff)
Texas Medical Center ICU capacity returns to Phase 1 levels as COVID-19 hospitalizations decline

The Texas Medical Center has fewer patients in intensive care units as of Aug. 2.

Cy-Fair saw a 109% increase in COVID-19 cases July 1-31. (Courtesy Adobe Stock)
Cy-Fair community sees 109% increase in COVID-19 cases in July

More than 4,400 new COVID-19 cases and 31 deaths were reported in Cy-Fair in July.

Texas sales tax
Report: With boost in e-commerce, Texas sales tax receipts increased 4.3% in July

The loss of extra unemployment support could send numbers back down, however.

The project is now set to wrap up in August. (Graphics by Ronald Winters/Community Impact Newspaper)
Completion of Hwy. 249 ramp reversal delayed until August

The project was expected to be complete in mid-July; however, Perez said ramps are now set to reopen in August.

Lone Star College has pushed back classes that meet in-person until Sept. 8. (Ben Thompson/Community Impact Newspaper)
Lone Star College delays in-person class meetings to September

In-person and hybrid courses will begin meeting Sept. 8 after initially being scheduled for Aug. 24.

Local Boy Scout troops donate school supplies to Cypress Assistance Ministries. (Courtesy Cypress Assistance Ministries)
Cy-Fair nonprofits accepting, distributing school supplies for families in need

Looking for ways to serve local students this fall? Here is where you can donate school supplies.

The Texas State Teachers Association has asked the state to prohibit in-person teaching until at least Sept. 8. (Design by Shelby Savage/Community Impact Newspaper)
Texas State Teachers Association demands TEA prohibit in-person classes until Sept. 8

The statement was released after Texas Attorney General Ken Paxton earlier this week said that local districts have the sole authority to close schools due to the ongoing pandemic.

The confirmed number of COVID-19 recoveries in Harris County jumped over the August 1 weekend as the city of Houston began operating under a new record keeping protocol that redefines recoveries to include any cases where it has been "28 days or more since the case was reported, or released from [the] hospital and [is] not deceased." (Community Impact staff)
Harris County coronavirus count: Recoveries jump, active cases fall under new case tracking definitions

The confirmed number of COVID-19 recoveries in Harris County jumped over the August 1 weekend as the city of Houston began operating under a new record keeping protocol that redefines recoveries to include any cases where it has been "28 days or more since the case was reported, or released from [the] hospital and [is] not deceased."