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Houston Jobs Forecast Good Overall, Less So For Oil And Gas

The Texas Workforce Commission has released its 10-year jobs forecast for the state and region.


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The Houston region is forecast to add almost 700,000 jobs between 2014 and 2024.

The Texas Workforce Commission forecast shows overall that the Houston area will add about 700,000 jobs between 2014 and 2024.

"Now, that number is probably high given... their base year was a year of really strong job growth," Patrick Jankowski, regional economist with the Greater Houston Partnership, says. "It'll probably be somewhat less than that. But it still shows that Houston, in spite of the current downturn, is going to have some significant job growth over the long term."

The biggest growth is expected to come from hotels and restaurants, healthcare, professional services and education.

But the forecast is not looking good for jobs in the oil and gas industry.

Jankowski says that doesn't mean the oil economy is going to shrink in the long run. Companies are just becoming more efficient.

"What you're seeing is the oil and gas industry is able to produce the same amount or more oil and gas with fewer people," he says. "They're substituting technology for people, they're substituting capital equipment and machinery for people."

Jankowski says that happens in all kinds of industries, including manufacturing or agriculture. But the oil downturn may have accelerated that development as companies have been looking to do more with less.

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