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Houston To See Moderate Job Growth In 2020, According To New Forecast

The Greater Houston Partnership has released its 2020 jobs forecast.

Aerial photo of downtown Houston.

Greater Houston will create 42,300 jobs next year, according to Patrick Jankowski, senior vice president of research at the Greater Houston Partnership.

He expects the region will see job growth in most sectors, particularly in healthcare, education, construction, and the hotel and restaurant industries.

But Jankowski estimates Houston's energy industry will lose 4,000 net jobs.

"When you see the rig count cut by a fourth of the rigs, you're going to see a slowdown in exploration activity," he said. "That's going to affect oil field services. Eventually that's going to affect the demand for oil field equipment, which means manufacturing, and eventually that's going to go back to Houston."

MORE: Patrick Jankowski’s Full Conversation on Houston Matters

The retail industry will also likely lose jobs.

Jankowski said retail has traditionally been a strong sector for Houston, thanks to population growth.

"But the online presence seems to be getting larger and larger," he said. "And we actually saw job losses the last two years in retail."

The only other sector where he expects losses is information, which includes media and telecommunications.

Overall, Jankowski said there's no reason to be pessimistic, "unless you're someone who works in the oil and gas industry. If you're not in oil and gas, you're not directly tied to oil and gas, be optimistic."

The expected number of Houston jobs puts 2020 as a moderate growth year. On average, Greater Houston has added about 60,000 jobs in recent years.

View the 2020 Houston Employment Forecast, here.

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Florian Martin

Florian Martin

Business Reporter

Florian Martin is currently the News 88.7 business reporter. Florian’s stories can frequently be heard on other public radio stations throughout Texas and on NPR nationwide. Some of them have earned him awards from Texas AP Broadcasters, the Houston Press Club, National Association of Real Estate Editors, and Public Radio...

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