March 22, 2024
Beacon Employment Report | Texas
Presented by Beacon Economics
Copyright © Beacon Economics LLC
REGIONAL OVERVIEW
Currently, the Beacon Employment Report | Texas focuses on three of the state’s largest metropolitan areas, the Dallas, Houston, and Austin metros.
The Dallas-Fort Worth-Arlington metro saw a sizable increase of 7,800 jobs in the latest numbers, a 0.2% increase in employment on a month-over-month basis. This represents a 1.9% increase year-over-year.
A handful of the state’s metros experienced job losses over the month, but most were minor. In fact, the largest losses occurred in the Beaumont-Port Arthur metro where payrolls declined by 200 but were still up 2.1% year-over-year.
The Houston-The Woodlands-Sugar Land area posted an increase of 6,900 nonfarm jobs in February. This represents a 0.2% employment increase on a month-over-month basis and a 2.6% increase year-over-year. In absolute terms, this metro has added 88,000 new jobs over the last twelve months, ranking it first amongst Texas’s major metros by this measure.
Payroll growth in the Austin-Round Rock metro was exceptionally strong in February. Austin employers added 11,400 new jobs, a month-over-month increase of 0.8%. This represents a 3.1% increase year-over-year, which ranks second amongst Texas’s major metros, only behind Sherman-Denison where payrolls are up 3.4%.
More
Information
For information about Beacon’s practice areas, please contact:
Managing Partner Sherif Hanna at 424.646.4656 or [email protected]