By Evan Hoopfer - Dallas Business Journal
Of the 15 largest Metropolitan Statistical Areas in the country, Dallas-Fort Worth tied with Houston for the most manufacturing jobs added in 2017.
North Texas and Houston each added 8,800 manufacturing jobs last year, according to data from the U.S. Bureau of Labor Statistics examined by the Dallas Business Journal. For DFW, that represents a 3.3-percent increase in manufacturing employment year-over-year.
"The pace of the Texas economy has been accelerating due to the continued recovery of the manufacturing sector, $60-plus oil prices and record Texas production, and strong consumer and export demand," said Tony Bennett, president of the Texas Association of Manufacturers.
"Much of this growth is also believed to be fueled by the successful passage of individual and corporate federal tax reform," he added. "Business leaders generally have an overall positive attitude about the Texas and U.S. economies and are hiring more workers and once again investing in their operations."
The Bureau of Labor Statistics splits the North Texas region down the middle and reports statistics for the Dallas-Plano-Irving side of the metroplex as well as the Fort Worth-Arlington side. The Fort Worth side saw a higher manufacturing employment growth rate, at 4.5 percent, than the Dallas side, which logged 2.7-percent growth.
But the Dallas side has almost double the number of manufacturing employees than the Fort Worth side — 178,000 workers versus 96,900. So while Fort Worth had a higher growth, Dallas added more jobs at 4,600, compared to 4,200 for Fort Worth.
In November, the Dallas Business Journal examined just how much manufacturing matters to the local economy. In 2016, about 12.78 percent of DFW's gross regional product came from the area's manufacturing sector.
That percentage is average compared to the 50 largest manufacturing towns in the country. Statewide, manufacturing matters the most in Houston and less so in Austin and San Antonio.
View original BizJournal article here.
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