Fort Bend’s lead continues as job and population growth standout
By Elsa Maxey
A recently released report shows Fort Bend County leads the nation and all of Texas’ 254 counties in job growth, according to a U.S. Bureau of Labor Statistics (BLS). This is also consistent with its lead role in population growth.
Fort Bend is part of the Houston metro area, and as such, population growth shows the largest increase in the nation at a rate of one new resident every 3.8 minutes, cites data from the Greater Houston Partnership. New York and the Dallas-Fort Worth metro areas follow with second and third largest increases, respectively. Census data estimates place Fort Bend on top of the metro area’s growth rate, 4.2 percent, among counties with 250,000 or more.
New population estimates for Fort Bend County are expected to be released this summer. Last year’s estimate as of July 2013, show Fort Bend’s population at 652,383. That’s 26,512 more over the previous year’s estimate.
As for the job growth announcement, data from the BLS for the county employment and wages reported gain is for the third quarter of 2013, which shows a six percent increase over the year compared with the national job growth rate of 1.7 percent. Locally, the largest employment increase was felt in the leisure and hospitality sector.
Of special note is that other key economic growth indicators include building permits, home and vehicle sales, and foreign trade. An updated county employment and wages report by the BLS for the fourth quarter of 2013 is scheduled to be released in June.
Short URL: http://www.fortbendstar.com/?p=40000