Recession Loses Grip; More Hopefuls for the Houston Economy

Forbes.com reported the latest unemployment numbers are a sign that the recession is receding, and that December may be the first month of job growth in two years! Some economists had expected the rate to stay at 10.2%, but happy Houstonians and Americans witnessed a drop to 10% - a significant surprise.

In addition, the Bureau of Labor statistics revised down their previous estimates for the months of September and October, claiming unemployment during that period was not as bad as previously noted.

Other hopeful statistics:

-The average workweek for production and nonsupervisory workers rose by 0.2 hours to 33.2 hours. This signals an increase in hiring and demand for labor.

-The manufacturing workweek rose by 0.3 hours to 40.4 hours. Forbes called this a sign that even manufacturing employers will have to increase hiring soon.

-There were increases in health and education employment.

-Companies are continuing to look to Houston and Texas as a whole to transfer or add locations.

These numbers signal a very positive note for the Houston economy, as when the rest of the country is doing well, consumption rises and the need for Houston's fortés grows with it.

Houston residents are placed in one of the most opportune vantage points in the country, with hopes and ambitions placed toward likely attainable goals of growth and success!

Source: http://www.forbes.com/2009/12/04/unemployment-jobs-economy-business-beltway-jobs.html

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