Marcus Hiles On Factors Boosting Houston’s Economy

Marcus Hiles On Factors Boosting Houston’s Economy

The economic turnaround, explained Marcus Hiles, is made even more apparent by the Greater Houston Partnership’s forecast that Greater Houston will generate 29,700 jobs this year, nearly twice the amount of last year. In addition to the energy sector’s resurgence, two other core elements of the city’s economy – the Texas Medical Center (the world’s largest), and the Port of Houston – are both seeing immense success. “As healthcare becomes more important in society and the economy, we’ll continue to see growth,” noted regional economist Patrick Janikowski. In 2017 the industry is expected to add 9,800 jobs, or approximately 30 percent of the state’s growth. City-wide optimism for 2017, even between employers, is the highest it has been in years. In a new report from Houston based recruiting agnecy Murray Resources, 7.7 percent of companies expect to make massive hires this year, the strongest amount since 2013, before the downturn in oil cost.

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