As of April 2015 the unemployment rate in Dallas was just 3.8%. Our cow senses are telling us that strong employment numbers may be the reason why so many people have moved to the metro in recent years. Here’s a look at the top industries that are creating jobs and moving more people to Dallas.
Industries and Companies That Are Driving Dallas Job Growth
Earlier this year Forbes named Dallas as one of the Best Cities for Jobs in 2015. The list was generated using an extensive set of metrics that analyzed jobs since 2003 and takes future projections into consideration. The Dallas-Plano-Irving metro took home the third place (even inching out Austin by one spot). Last year job growth in Dallas was an admirable 4.2%. Even more impressive is that overall job growth has increased by 23% between 2009 and 2014.
The Bureau of Labor Statistics (BLS) has estimated that between July 2014 and July 2015 121,700 jobs were added in Dallas. So, which industries and companies are responsible for all this job growth?
Professional Business Services
At 18.7% growth over last year, the business service sector is one of the top contributors of new jobs in Dallas. The Texas Workforce Commission and BLS found that in 2014 professional and business services accounted for nearly 20% of all jobs in Dallas, and the total within the DFW metro was 507,167 jobs. From July 2014 to July 2015, 28,700 more jobs were added, which was the highest number in any industry. The employment services industry was the standout in this supersector with 11,000 new jobs added in a year.
Hospitality and Leisure
If the job numbers are any indicator, more people are relaxing in their off-time and inviting loved ones to visit them at their new Dallas home. BLS studies have rated the hospitality and leisure industry as having the highest job growth within the last year. Between July 2014 and July 2015, 7.3% more jobs were added in this sector. This equates to nearly 25,000 new jobs.
Trade and Transportation
While many of the cities that are adding more jobs are doing so in tech-related industries, Dallas’ diverse economy is still a frontrunner on the very physical industries of trade and transportation. In 2014 the trade, transportation, and utilities sector contributed the largest number of jobs in the DFW metro with 657,175 paid positions. As of July 2015 the year-over-year jobs increase in this industry within the DFW metro was 4.1%. The retail trade industry was the leader in this segment with 10,600 new jobs.
Education and Health Services
Education and healthcare are essential elements to any thriving community. Over the last year and a half the education and health services supersector has been growing in Dallas and more notably in Fort Worth. The entire metro saw 6.1% increase in jobs within these industries, however, Fort Worth jumped up 7.3%.
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