According to the Texas Monthly Jobs Report: June 2017, reported by the Dallas Morning News, Texas led the nation in job gains this summer in June, adding 40,200 jobs to the state’s economy. Texas unemployment rate slightly decreased to 4.6 percent, a little higher than the nation’s jobless rate, which is at 4.4 percent. Texas was one of 10 states where the unemployment rate fell. “Texas is not only doing well,” said Kurt Rankin, PNC Bank’s Texas economist. “Texas continues to do better.”
Increase in Local, Long Distance and Interstate Moves
1: Labor force attraction
Rankin said metro areas, including Dallas, Austin and Houston have taken steps to build their respective labor forces. “The three main geographies in the state are all attacking the problem in a positive way,” he said. “Texas has local spending helping to keep labor force growth on the upswing.” In D-FW, for instance, the Dallas Regional Chamber has launched a ‘Say Yes to Dallas’ campaign in hopes of convincing millennials to move to North Texas.
2: Confident in better opportunities
Texas fell to No. 4 for the first time in CNBC’s ‘Top States for Business’ rankings, in part because it was among the “least inclusive states in the nation.” But Texas still ranked high in some business climate rankings, including in the annual list posted by Business Facilities, a trade publication, where the Lone Star State grabbed the top spot. Furthermore, hiring and churn are maintaining a breakneck pace, said Mark Malone, senior regional president in Dallas for the recruiting firm Robert Half. “Things are still intense,” he said.
3: Turnarounds continue
Both goods-producing and service sectors continued their promising turnarounds — which experts say quells some lingering worries about how much oil price instability will affect Texas’ broader economy. Service sectors added some 30,000 jobs and the continued resurgence in the oil economy helped goods-producing sectors add close to 10,000 jobs.
To read the full article from Jill Cowan visit http://apps.dallasnews.com/texas-jobs-report.
About North Dallas Moving and Storage:
Founded in 1966, North Dallas Moving and Storage (NDMS) is a family-owned and operated business serving residential and commercial customers throughout Texas. NDMS was appointed as agent for United Van Lines in 1975 and has since established itself as one of United’s largest booking agents. The company offers local moving and storage solutions for residential and commercial clients throughout the Dallas/Fort Worth metroplex, while its interstate movers provide long-distance moving and relocation services nationwide. NDMS has consistently maintained an A+ rating from the Better Business Bureau and has earned many accolades, including the Consumers’ Choice Award, United Van Lines Masters Club Award and Best of Carrollton Award. NDMS is affiliated with the American Moving & Storage Association (AMSA) as well as its ProMover and Registered International Mover (RIM) programs, and the company is a proud supporter of MoveRescue, Move for Hunger, and the North Texas Food Bank (NTFB) and its Food 4 Kids program.