Marcus Hiles Notes Growth In Job Markets Across Texas

In late 2014, when the price of oil dropped dramatically, citizens throughout Texas suffered economically, with areas surrounding Houston taking the hardest hit. Marcus Hiles was excited to see that, as 2016 came to a close, the value of crude oil doubling since their February lows and active rig counts rising by 200 in recent months, helping both the oil industry and the Houston economy stabilize and continue growth trends. Mining and logging, the sector that includes oil and gas extraction, added 3,200 jobs in November alone, while the greater Houston metropolitan area continued job increases by half a percent, higher than in 2015. “Everyone can uncross their fingers now, because the worst is over,” explained Patrick Janikowski, senior vice president of research for the Greater Houston Partnership, in the organization’s annual predictions for the coming year, “2017 should be a further step on the road to robust growth.”

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