As the job market grows more competitive nationally, DFW feels even more of a pinch, especially in the Accounting/Finance and Technology worlds. While this puts pressure on employers to act quickly and change cultures to meet demand; it also brings opportunities to job seekers to find their ideal opportunities and competitive wages. Kelly Maxwell, F&A Practice Area Manager in Dallas, dives into some of the details below.
Unemployment continues to drop, recently announced nationally at 3.9%, Dallas-Fort Worth sits even lower at 3.3% for the first quarter of 2018.
Dallas-Fort Worth led the nation on job growth in 2017 and continued the trend for the 2018 first quarter. The metroplex ranked second in April for both job growth and the number of jobs added according to the Bureau of Labor Statistics.
In the field of Accounting & Finance, the demand becomes even slimmer. It is estimated that unemployment currently sits closer at 2.5%. The largest demand currently sits with mid-senior level roles, especially in areas of audit, tax, reporting, financial analysts and full-cycle staff accounting.
Unemployment in Technology is lower still, landing around 2.1%. Dallas-Fort Worth also continues to be in the top 10 highest paying cities for tech roles. DFW is seeing a large increase in demand for application development including Java, C#, Ruby and mobile skillsets. In addition to application development, there is a surge for Data Science, Artificial Intelligence (AI), Machine Learning and Internet of Things (IoT) focused positions.
With major companies continuing to move and expand in the metroplex, record-breaking job numbers continue in Dallas-Fort Worth, at least in the short term. Companies continue to find reasons to expand their payroll, and as job numbers increase, so do wages. Companies are also adding creative perks such as sign-on bonuses and student loan payoffs to attract talent.
Job seekers within accounting, finance, and technology fields can compare competitive offers and find a true fit that lies in the realm of their specific growth path. Opportunities will not run dry for Dallas-Forth Worth candidates.
As the market continues to expand, ICS will serve as a great partner for your staffing and employment needs. We are here to collaborate with your group and find the right people for each role, contact ICS and build your team today.
The contributor for this post is Kelly Maxwell, Practice Area Manager in our Dallas office. To connect with Kelly, click here.