Houston, one of the bright spots in the U.S. economy, is growing so fast that business leaders fear running out of skilled labor as billions are spent building new energy infrastructure on the Gulf Coast.
Of the top 20 metro areas, Houston’s pace of job growth in the 12-months through May was the second-fastest in the country at 3.3 percent, behind only Dallas at 3.7 percent, according to the U.S. Bureau of Labor Statistics.
Houston was the first major metro area to regain all the 153,000 jobs it lost in the Great Recession. Since January 2010, it has added 407,300 – more than double what it lost.
The Houston economy grew 5.3 percent in 2012, trailing only San Francisco while outpacing the wider U.S. economy, according to the most recent data available from the Bureau of Economic Analysis.