News Flash

Home

Posted on: August 22, 2018

Texas Produces Urban Employment Uplift

By The Perryman Group - Dr. M. Ray Perryman


Texas metropolitan areas are leading the way in employment growth, claiming two of the top three spots in the nation in job gains between June 2017 and June 2018. Based on US Bureau of Labor Statistics (BLS) estimates of the 12-month change in nonfarm employment in metropolitan areas with over one million residents as of 2010, the huge New York-Newark-Jersey City area had the largest change, with 117,400 net new jobs.


Dallas-Fort Worth-Arlington ranked second in employment change, with an increase of 109,400, and Houston-The Woodlands-Sugar Land was third with 94,600. Los Angeles-Long Beach-Anaheim was next, with an increase of 83,400.


The fact that greater Dallas and greater Houston were so near the top is particularly impressive considering the difference in the size of the various metropolitan areas. Employment levels in the New York-Newark-Jersey City area and Los Angeles-Long Beach-Anaheim area (at 9.9 million and 6.1 million, respectively) are multiples of Dallas-Fort Worth-Arlington (3.7 million) and Houston-The Woodlands-Sugar Land (3.1 million), yet the Texas areas ranked right alongside them in the number of jobs added. In fact, the combined expansion in Texas’ two largest urban centers exceeded that of the East and West Cost behemoths.


Looking at the gains in percentage terms indicates the fastest rate of growth. Austin-Round Rock saw a 3.4% gain for an employment increase of 35,700 between June 2017 and June 2018, second only to Orlando-Kissimmee-Sanford (up 3.6%). The greater Houston area compared well in terms of growth rate with a gain of 3.1%, while greater Dallas came in at 3.0%. A few other large metropolitan areas had increases over 3%, but many were closer to 1%. The other Texas metropolitan area with more than a million residents, San Antonio-New Braunfels, added 15,500 (a gain of 1.5%), which ranked near the middle of the pack.


A variety of factors are contributing to the strong performance of Texas’ large population centers. Dallas-Fort Worth-Arlington’s job gains were driven by professional and business services and mining, logging, and construction in greater Dallas, with expansion on the Fort Worth side of the Metroplex concentrated in leisure and hospitality and trade, transportation, and utilities. The Houston area saw a large surge of employment in the professional and business services segment, as well as construction (due in part to the continued rebuilding from Hurricane Harvey). For Austin-Round Rock, professional and business services also led the way.


New Texas jobs run the spectrum from technology to finance to manufacturing to energy and most things in between. The strong performance of Texas’ largest population centers is complemented by notable gains in a number of smaller metropolitan areas, and the result is impressive job growth across the Lone Star State.


View original article.

Facebook Twitter Google Plus Email

Other News in Home

46700048_2256291377934985_9048078929557979136_n

DECATUR IS A GREAT PLACE TO LIVE

Posted on: November 24, 2018

SHOP SMALL

Posted on: November 24, 2018
46512327_2253488038215319_7702221639974387712_n

Getting Rid of Hazardous Materials

Posted on: November 19, 2018
45742679_2247826622114794_8453854458806272000_n

Job Market Increase in Decatur

Posted on: November 9, 2018
45596994_2246612322236224_3250462907816738816_o

Nov. 6th General Election Results

Posted on: November 7, 2018
45491501_2245424832354973_3258397627967864832_n

ELECTION DAY is tomorrow!!

Posted on: November 5, 2018

GET YOUR VOTE ON

Posted on: October 30, 2018
Go Big in Texas

Texas earns three No. 1 rankings:

Posted on: October 2, 2018

Texas Enterprise Fund (TEF)

Posted on: October 4, 2018
TEDC

Upcoming TEDC Webinar

Posted on: October 9, 2018
Wise-County-Texas-Early-Voting_ButtonLogo

Early voting in election set to start.

Posted on: October 19, 2018

Sales tax collections continue roll.

Posted on: October 19, 2018

Wise County Unemployment Rate Down

Posted on: October 23, 2018

Home Sales Slow in Wise County

Posted on: October 25, 2018

Proposed Tax Decrease

Posted on: August 14, 2018

Decatur eyes tax cuts

Posted on: August 9, 2018

Get your Taste of Wise Tickets!

Posted on: August 21, 2018

Decatur EDC Marks 25 Years!

Posted on: August 7, 2018

Governor's Small Business Handbook

Posted on: February 16, 2018

The Drive to Start a Business

Posted on: February 28, 2018

Dinner with the Wise County Mayors

Posted on: March 1, 2018

Decatur Texas Attractions

Posted on: March 6, 2018

Texas job growth to rebound in 2018

Posted on: March 8, 2018

Texas Wins the 2017 Governor's Cup

Posted on: March 27, 2018

Coming Soon: Wise County Hiring Event

Posted on: March 19, 2018

Wise County Finances In Order

Posted on: April 3, 2018

Wise County Hiring Event

Posted on: April 9, 2018

Santa visits Neighborhoods

Posted on: December 13, 2017

Protecting square from fire

Posted on: January 4, 2018

10 ways to help the flood victims

Posted on: September 4, 2017

Decatur ISD sets tax rate, approves budget

Posted on: September 8, 2017

5 things to know in Texas energy this week

Posted on: September 12, 2017

United Way kicks off fundraising campaign

Posted on: September 14, 2017

PD Recognizes Local Businesses

Posted on: September 18, 2017

Decatur EDC plans land purchase

Posted on: October 2, 2017

Company donates shoes to storm victims

Posted on: October 3, 2017

Ribbon Cutting for Sands Company Today

Posted on: August 29, 2017

Call 811 before digging

Posted on: August 15, 2017

Wise named Purple Heart County

Posted on: July 17, 2017