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Area's job machine losing some steam: Employment growth lags, but Houston's picture still better than U.S. economy's.

Houston Chronicle (Houston, TX)

| September 22, 2007 | COPYRIGHT 2007 Houston Chronicle. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: L.M. Sixel

Sep. 22--Houston's economy is showing signs of slowing as problems such as the credit crunch in residential real estate drag down the national economy.

Houston-area employers added just 64,400 new jobs, a 2.6 percent gain, between August 2006 and August 2007, according to a report issued Friday by the Texas Workforce Commission.

The pace of job growth is well below the peak level reached last fall.

Nonenergy jobs

It's a fairly large -- and sudden -- reversal of fortune for Houston-Baytown-Sugar Land.

"Nonenergy is really slowing us down," said Barton Smith, director of the Institute for Regional Forecasting at the University of Houston.…

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