Marcus Hiles Proudly Predicts Strong Year For Houston Economy

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  • April 10, 2017
  • Houston Economy,Economic Growth,OPEC Production,Economy Grow,Houston Area,Job Market, Houston Region,Marcus D. Hiles, Hiles,Houston Residents,

    The most blatant sign of an economic turnaround, explained Marcus Hiles, is 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 flourishing. “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 grow by 9,800 jobs, or nearly 30 percent of the Lone Star State’s growth. City-wide optimism for 2017, even between job creators, is the highest it has been in years. In a new report from Houston based recruiting firm Murray Resources, 7.7 percent of firms expect to make significant hires this year, the strongest amount since 2013, before oil prices fell.

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