Dallas-Fort Worth is one of the nation’s largest metropolitan areas, so employment statistics have a large impact. Statistics from the US Department of Labor Bureau of Labor Statistics, from January 2015, reported a large gain in overall employment in the region compared to the previous year; the 4.4 percent increase in non-farm employment was significantly above the 2.3 percent improvement experienced across the country.
Dallas-Fort Worth’s rate of job growth was the best in the nation; the region was third in the number of jobs added. The increased hiring trend continued in March 2015, when Dallas-Fort Worth was again third in the number of jobs added. The unemployment rate in Texas overall is down to 4.2 percent from 5.3 percent a year ago, although there was a net loss of jobs during the month from February to March.
Nationally, increased hiring has resulted in a slight upward trend in compensation, with a 0.3 percent increase in the average hourly rate over the last month. Over the past year ending in March 2015, total compensation in Dallas-Fort Worth increased by 2.3 percent, somewhat less than the national increase of 2.8 percent during the same period. This increase was the second highest increase in five southern regions tracked by BLS; the salary component of the gain, at 2.3 percent, was the largest in those five southern regions.
In technical fields, the Occupational Outlook Handbook continues to show growth across all computer and information technology-related careers, with employment in those fields expected to grow by as much as 37 percent between 2012 and 2022.
Impact on Hiring
The increased demand for technical employees means companies should expect to have to work harder to recruit qualified candidates. The continuing retirement of baby boomers is an additional factor that will increase the need for corporate recruiting and hiring efforts.
When unemployment is high, sifting through the large number of job candidates can be time consuming. When the job market is tight, finding interested candidates and wooing them successfully can be difficult. In either situation, working with an experienced staffing firm can streamline the process. InReach IT Solutions draws on our founders’ more than 20 years’ of experience in information technology recruiting to help firms in the Dallas-Fort Worth area find the right employee to fill their openings. Contact us to learn how we can help solve your staffing needs.