November 18, 2022
Beacon Employment Report | Texas
Presented by Beacon Economics
Copyright © Beacon Economics LLC
The Dallas-Fort Worth-Arlington area posted a sizable increase of 19,500 nonfarm jobs in October, accounting for nearly 40% of the net jobs added in the state. This represents a 0.4% increase in employment on a month-over-month basis and a 6.2% increase over the past year. Since February 2020, which marks the pre-pandemic peak in employment, nonfarm employment in Texas has increased by 5,1%. The Dallas-Fort Worth-Arlington area has accounted for nearly half (47%) of these gains.
The Houston-Woodlands-Sugar Land metro area added 12,900 jobs in the latest numbers, ranking it second across all Texas metropolitan areas in job gains. This metro area accounted for 26% of the net jobs added in the state in October, representing a 0.4% employment increase on a month-over-month basis and a 6.2% increase year-over-year.