Dallas-Ft Worth’s Economic Growth Outpaces Texas
The Dallas-Fort Worth economy has grown faster than the state average and its employment has increased faster than any other Texas major metro area in the first half of the year, according to a report issued yesterday by the federal reserve Bank of Dallas. DFW employment has grown 4.5 percent this year through June, compared with 3.5 percent growth with Texas. Local job creation in the second quarter (5.5 percent or 42,600 jobs) outpaced first quarter growth (3.4 percent or 26,500 jobs). Most of the region’s employment gains have come from fast growth of the Dallas economy, which has added jobs at a 5.4 percent pace in the first half of the year. The professional and business service sector saw the most growth. Manufacturing is the only local industry to lose jobs (-700) in the first six months of the year.
- Dallas Business Journal, July 22, 2014
