Dallas-Fort Worth has proven itself to be a job creation hub over the past five years. The metro area has added about 600,000 jobs since November 2018, including 456,000 jobs. East side.
A RealPage analysis of Bureau of Labor Statistics data shows that the Dallas-Irving-Plano area leads all U.S. markets for the most job growth over the past five years.
Number of people, number, total number Employment in the region increased by more than 17%; In November 2023, the number of employees will increase to 3.1 million.
The Fort Worth-Arlington region ranked No. 9 on the list, adding 143,800 jobs during the period, a growth of more than 13%.
Texas has touted record job growth this year, adding 407,100 jobs since November 2022, according to the latest data from the Texas Workforce Commission.
It took the U.S. economy about 26 months to regain jobs lost during the pandemic, compared to 18 months in Texas, said Ray Perryman, CEO of the Perryman Group, a Texas economic analysis firm. , in Dallas-Fort Worth, for just 15 months.
Although D-FW has 2% of the nation's population, the region has accounted for 10% of the net jobs created in the U.S. since February 2020, Perryman said.
Dallas recently surpassed New York City in annual job growth, an unusual feat as New York City tends to lead the nation in annual job growth, according to RealPage.
Analysts at real estate data analytics and property management software companies say Dallas' rise is due to gains seen across all industries, while in New York state, big gains in education and health services have been driven by information, transportation and It noted that this was offset by losses in professional services. Sector.
Texas accounted for four of the top 10 markets for job gains. This list also includes the greater Houston and Austin areas.
WalletHub ranked Austin among the top five cities to find new jobs this year, based on job growth and other socio-economic conditions. Plano was 9th and Irving 35th.
The job growth seen in Austin and Dallas is among the strongest in the nation. The researchers say some of the other top-performing companies come from smaller markets, where fewer jobs are needed to grow the employment base.
