Fort Worth sees new jobs and a new job peak…not a bad way to close out 2018!
While the combined Dallas-Fort Worth Metroplex numbers always make the news due to their sheer scale, Fort Worth’s job gains have been consistently adding up.
January 16, 2019
- While the combined Dallas-Fort Worth Metroplex numbers always make the news due to their sheer scale, Fort Worth’s job gains have been consistently adding up.
- Since 2010, Fort Worth has expanded by more than 210,000 jobs. That translates into total growth of 24.5 percent.
- This expansion has pushed Fort Worth to a new job peak – that is now closing in on the 1.1-million mark.
- This scale of growth is a major shift in a community that had a job base that typically kept pace in the 850,000 to 950,000 range from 2005 though much of 2014.
- The 2015-16 slowdown noted above was primarily due to the local impact of rapidly declining energy prices nationally, which was a significant driver in Fort Worth.
- Since then, job gains have picked back up – and are taking place across a variety of key employment sectors.
- Despite the 2015-16 slowdown and XTO’s recent relocation out of Fort Worth, many sectors have been contributing to the strong growth over this cycle, including office using employment (up 35,000 jobs), health & education (up 28,000 jobs), and industrial-related employment (up 68,000 jobs).
Source: Bureau of Labor of Statistics; JLL Research