Dallas-Fort Worth added 293,900 jobs, but unadjusted jobless rate up in June – The Dallas Morning News

by | Aug 3, 2022 | Jobs

The Dallas-Fort Worth region has added 293,900 jobs over the last year, making it one of the strongest markets for labor in the country in both the number of new positions added and growth, according to economic numbers for June released Wednesday.U.S. Bureau of Labor Statistics figures show that Dallas-Fort Worth grew its job ranks by 7.7%, second among major metropolitan areas to only Las Vegas and third in raw employment growth to only to the New York and Los Angeles metropolitan areas.But that job growth is also behind some of the challenges in the region with housing availability and affordability along with inflation rates that are higher than the national average. Home prices in the region were up 30.8% year over year in May, and inflation rates were 9.1% here in May with grocery, utility and energy prices leading the price spikes.The Dallas-Fort Worth region added 18,200 jobs between May and June. But because of seasonal factors such as summer vacation for schools, the unemployment rate jumped to 3.8% in June from 3.3% the month before without adjusting for seasonal factors. That’s normal for the first month of summer.But the area’s unemployment figures are still better than the state’s 4.1% unemployment rate, which has been buoyed by hiring in the oil and gas sector with energy prices still well above pre-pandemic levels. Dallas-Fort Worth’s 3.8% jobless rate was second among the state’s four major metropolitan areas as Austin-Round Rock’s unemployment rate stood at 3.3%, up from 2.7% the month before. The Houston area’s unemployment rate was 4.8% in June, and San Antonio’s was 4%.The area’s growth, once again, was the strongest on its eastern …

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