The Dallas employment fell by 12,800 jobs compared to the previous month in the typical summer employment turnover. Many educations jobs roll off the books each summer only to be added back in as school begins in August. The trend of healthy job gains for the DFW metropolitan statistical area continues to be intact with no signs of slowing.

The Texas economy added 19,600 jobs throughout the state in July, expanding for the 13th consecutive month. According to numbers from the Texas Workforce Commission Texas has added 293,400 jobs over the past year. For the time being Dallas employment continues a healthy upward growth trend…

One of the more interesting details to watch will be the fluctuation wage gains, both in Texas and in the greater Dallas area. The leisure and hospitality sector posted the largest employment gains in July, contributing 7000 jobs. These service sector jobs are not conducive to sustained wage gains in the broader economy, and certainly not supportive of relatively high home prices in the DFW area. During the first quarter of the year Dallas experienced impressive wage growth after posting some lackluster numbers in 2016. It remains to be seen whether local wages will continue improving or stagnate along with the Federal Reserves economic stimulus efforts.

Dallas Employment