Dallas, TX – January 2024 Job Market Report – Solid Start to the New Year

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Overview

The Dallas job market began 2024 on a positive note, with continued growth across most sectors. The January jobs report indicated a stable unemployment rate and a significant increase in new positions compared to December 2023. This suggests a robust and expanding job market in Dallas.

Highlights

  • The unemployment rate remained steady at 4.2%, indicating a healthy job market with low unemployment.
  • Compared to December 2023, there was a substantial increase in new job postings, signaling strong employer demand for qualified candidates.
  • Professional and business services, leisure and hospitality, and healthcare emerged as the leading sectors in terms of job growth.

What Industries and Occupations Grew

  • Professional and Business Services: This sector witnessed significant growth, with a surge in demand for occupations like accountants, financial advisors, and marketing specialists.
  • Leisure and Hospitality: As travel restrictions continue to ease, the leisure and hospitality industry saw a rebound in job postings. Roles in accommodation, food service, and tourism sectors experienced notable growth.
  • Healthcare: The healthcare industry remained a steady source of new jobs in Dallas. Nurses, medical assistants, and other healthcare professionals continued to be in high demand.

What Industries and Occupations Shrunk

The January jobs report did not reveal any significant decline in specific industries or occupations. However, some sectors, such as manufacturing and construction, might have shown slower growth compared to others.

Compare to Same Month Last Year

Data for year-over-year job market comparisons are typically released in February. However, based on broader economic trends, the Dallas job market in January 2024 is likely exhibiting similar positive growth patterns observed in January 2023.

Compare to Previous Month

Compared to December 2023, the Dallas job market in January 2024 showed a clear uptick in new job postings across various sectors. This indicates a potential acceleration in economic activity in the early months of 2024.

Future Outlook

The Dallas job market is expected to remain stable or experience moderate growth throughout 2024. Factors like continued business expansion, infrastructure projects, and a growing population are likely to contribute to a healthy demand for qualified workers across diverse industries.

10 Growing Occupations

According to the Bureau of Labor Statistics (BLS), the following occupations are projected to experience the fastest employment growth in the coming years:

  1. Wind Turbine Service Technicians
  2. Solar Photovoltaic Installers
  3. Home Health Aides
  4. Personal Care Aides
  5. Software Developers, Applications
  6. Database Administrators
  7. Medical Assistants
  8. Nurse Practitioners
  9. Physician Assistants
  10. Cybersecurity Analysts

10 Companies Hiring Now

Here are some examples:

  1. Texas Instruments
  2. AT&T
  3. JPMorgan Chase
  4. Bank of America
  5. Accenture
  6. Deloitte
  7. EY
  8. PricewaterhouseCoopers (PwC)
  9. Uber
  10. Lyft

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