Houston is proving its worth as a robust employment center.
A new report from Dallas-based ThinkWhy, a producer of talent intelligence software, ranks the Bayou City No. 8 overall in the top-performing labor markets in the country.
The Greater Houston area scored highly in net migration, job gain, and college degree holders, per ThinkWhy’s LaborIQ Market Index.
Meanwhile, Houston is expected to fully recover jobs lost to the pandemic by 2023, the report adds.
Elsewhere in Texas, Dallas-Fort Worth clocks in as the No. 1 metro labor market, Austin comes in at No. 3, and San Antonio at No. 24. The most recent index is based on 10 key economic indicators from September for 150 metro areas.
“All four of Texas’ major metros — which rank among the largest in the country — are expected to remain top-performing metros for an extended period. Due to the sheer size of these labor markets, their recovery will significantly impact the national economy,” ThinkWhy says.
In August, Austin became one of the three largest metros — along with Salt Lake City and Phoenix — to recover all jobs lost to the pandemic, according to ThinkWhy. DFW and San Antonio are set to join those ranks 2022, with Houston expected to fully recover lost jobs in 2023.
“Retention of talent will be a major risk for businesses the remainder of this year,” Jay Denton, chief labor market analyst at ThinkWhy, says in a news release. “With a record number of job openings, businesses are trying different methods to retain and attract employees, and compensation has been a critical part of that equation.”