Throughout the Dallas area, businesses in sectors such as retail, manufacturing and hospitality report a shortage of job applicants. With a tight labor market spurring competition for front-line and entry level workers, the number of job postings has soared to record levels. Meanwhile, many area employers are boosting wages to attract and retain workers.
Dallas market snapshot
FEBRUARY 2022*
JOBS ADDED: +45,000 MoM
UNEMPLOYMENT RATE: 4.4%, down from 4.5% in December 2021
WAGE CHANGE: 1.2% YoY
- Nonfarm wage and salary employment in the Dallas area is up 1.1% from January 2022.
- Professional and business services had the largest gain (+74,100) among the local private-industry supersectors, followed by hospitality (+60,400).
- The unemployment rate in the U.S. is 3.6% for March 2022, compared to 3.8% in February 2022.
*Most recent data available.
SOURCES
- U.S. BLS, Local Area Unemployment Statistics
- Emsi, May 1, 2022