When it comes to job growth, the Dallas-Fort Worth (DFW) area is officially at the top of the charts.
According to a report by Cushman & Wakefield, DFW's employment growth across all industries is the highest in the nation during the past 10 years. Rising above 35 major metropolitan areas, DFW even topped areas like New York City and Austin, Texas.
Along with job growth, DFW also saw its unemployment rate drop to 3% in 2018. This number is the lowest among DFW's unemployment rate in the past 20 years.
How Job Growth Was Measured
The notable growth was measured by looking at job growth right after the end of the Great Recession until 2018.
During those 10 years, DFW saw a pronounced increase in the percentage of job growth and jobs created. Cushman & Wakefield used those numbers to assign each metro area an overall score, with the lowest score being the best.
DFW employment growth number was 5. New York City and San Francisco tied at second with an overall score of 7.5. Orlando, Florida rounded out the fifth with a total score of 9.
Popular with Fortune Companies
DFW continues to be a popular location for Fortune 100 and Fortune 500 companies looking to open new headquarters. Non-profit organizations are also choosing the DFW area. These new organizations putting up their homes in DFW are creating a diverse job market with plenty of opportunities.
Many of the prominent businesses who decided to build headquarters in DFW could bring 1,000 or more new jobs to the area. They include household names like:
- Ride-share company, Uber
- Investment broker, Charles Schwab
- Healthcare supplies behemoth, McKesson
- Convenience-store food supplier, Core-Mark
- Military aircraft manufacturer, Aeromax Industries
With all the progression and companies flocking into DFW, economists describe the are's economy as growing at a "blistering pace" and the "mecca of job creation."
What Makes DFW Attractive to Employers and Job Seekers
DFW is attracting talent not only due to the exciting opportunities brought by its continuous job growth but also because of affordable housing. Other major metropolitan areas cannot claim both high job growth and affordable housing. Metro areas, like San Francisco, for example, have job growth, but housing is outrageously priced.
It also makes sense that companies would choose DFW. The large metropolitan area is home to two international airports, several national airports, and a handful of executive airports. DFW is also home to several universities, like Southern Methodist University, the University of Texas, and Texas Christian University.
DFW also has a pleasant climate. Summers are hot with average temperatures in the 90s, but the winters do not get too cold, with average highs in the 50s. DFW is at the southern end of Tornado Alley, but it does not get many of them. There are occasional floods, but the metro area does not have many severe weather issues.
With a pleasant climate, quality universities, affordable housing, and numerous transportation hubs, it is easy to see why talents and companies are choosing DFW over other metro areas.
Contact ICS to Fill Job Openings in DFW
If you're interested in the growth opportunities at DFW, contact Infinity Consulting Solutions for help. We can help you fill your team by finding the right talent who will contribute to making your organization even bigger and more successful. Just click the link below to get started!