Throughout the Dallas area, businesses in sectors such as retail, manufacturing and hospitality report a shortage of job applicants. With a tight labor market spurring competition for front-line and entry level workers, the number of job postings has soared to record levels. Meanwhile, many area employers are boosting wages to attract and retain workers.
Dallas market snapshot
JOBS ADDED: +21,500 MoM
UNEMPLOYMENT RATE: 3.9%, down from 4.0% in February 2022
WAGE CHANGE: 3.0% YoY
- Compensation costs for private industry workers increased 3.6% YoY in the Dallas area.
- Nonfarm wage and salary employment in the Dallas area is up 0.5% MoM.
- The unemployment rate in the U.S. is 3.6%, compared to 3.9% in the Dallas area.
*Note: Most recent data available.
- U.S. BLS, Local Area Unemployment Statistics
- Emsi, June 3, 2022
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