January 21, 2021
Beacon Employment Report | Texas
Presented by Beacon Economics
Copyright © Beacon Economics LLC
Currently, the Beacon Employment Report | Texas focuses on the state’s two largest metropolitan areas, the Dallas and Houston metros. Both regions saw their labor markets grow in December, with Dallas accounting for about one-third of all jobs added in the state.
The Dallas-Fort Worth-Arlington metro saw an increase of 22,600 jobs in December, accounting for roughly 35% of all the jobs added in the State. The region has recovered 97% of all jobs lost since February 2020. Over the year, the number of jobs in the region contracted by 2.2% or around 83,000 positions.
In the Houston-Woodlands-Sugar metro, total nonfarm employment grew by 4,500 jobs between November and December 2020, accounting for 7% of all the jobs added in the State for the month. Employment in the region in December was 5% lower than in February 2020. Over the year, 141,00 jobs were lost in the region, a contraction of 4.5%.