A celebration of life in the heart of Dallas

Friday, March 21, 2014

Texas tops charts in job growth, Dallas plays a key role

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Texas continues to outperform the nation in terms of job growth and Dallas plays an influential role, according to the Dallas Morning News.

Data released by the U.S. Bureau of Labor Statistics shows Texas impressively topping the charts in the number of added jobs in 2013 and in January 2014. The added jobs weren't concentrated in the lower wage quartile, either. This report shows Texas leading in job creation at all levels.

What's more is that Texas recorded its lowest seasonally adjusted unemployment rate in five years, reporting a 5.7 percent decrease in January 2014.
Along with the metropolitan areas of the state's capitol and Houston, Dallas' alive-and-well job sector spurred Texas' overall job growth in the past year. In fact, these three cities contributed more than two-thirds of all new jobs in the state.

The industries leading Texas' January job growth were transportation and utilities; education and health services; and construction. Added jobs in the construction sector alludes to Texas' continued attractiveness to both corporations and people alike.

Our city, in particular, ranked No. 4 on Forbes' list of America's Fastest-Growing Cities, backed by a thriving and diverse business climate which forecasts a healthy economic growth rate. With news of expanding businesses setting their sights on Dallas continuing to make headlines, most recently Virgin America, this may not come as a surprise to Dallasites.

Read the full article in the Business section of the Dallas Morning News online by clicking here.

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