A new report is suggesting that job numbers are slowing.
FOX 26 Consumer Reporter Tom Zizka takes a look at what the new report is showing.Year-over-year job growth remains strong in Houston, but a new report suggests the numbers are slowing. Job watchers are concerned that losses the leisure and hospitality sector could signal bad news.
Smith says, among the challenges in a business that's 'hard' on the best of days, was finding enough motivated people to keep everything going. Job growth for the Houston-area remains strong year-over year, at about 120,000, but the June snapshot is considered mediocre, particularly in the leisure and hospitality sector that saw a loss of 6,000 positions for the month.
Parker says part of the problem is a mismatch of expectations and compensation between workers and employers. While it could also signal tighter discretionary spending, Harvey points to moderating local inflation and strong sales in durable items, like cars.
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