According to a survey conducted recently by employment company Manpower, many businesses in Houston are planning to either maintain their workforce or increase hiring during the fourth quarter of 2011.
Of those responding to the survey, 22 percent anticipate hiring increases, while 13 expect to reduce their staff. Overall, 64 percent plan to keep their current workforce in tact.
Among the sectors with the best job prospects are non-durable goods manufacturing, transportation and utilities, wholesale and retail trade and information and financial activities, the report states. The sectors expecting to reduce their workforce are construction and durable goods manufacturing.
Currently, Texas' employment outlook is the third-best in the nation, the report states. Overall, 20 percent of the state's companies plan to hire, while 9 percent anticipate cuts and 67 percent expect their workforce to remain unchanged.
The greater number of jobs forecasted to be available may improve the Houston real estate sector as well, as more potential homebuyers may then enter the market, especially with interest rates for mortgages remaining historically low.
Courtesy of 2M Realty News