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The Texas economy added more than 20,000 jobs in November, according to government data released Friday, as the Dallas area continues to drive new hirings in the state.
Texas has added jobs in 19 of the past 20 months, according to the Texas Workforce Commission.
Dallas skyline photographer in November 2016 from the top of the Residences - JAKE DEAN
Dallas and Austin are still riding “a wave of corporate and regional headquarters relocations” as the two cities have accounted for three-quarters of new jobs created in Texas this past year, Wells Fargo Senior Economist Mark Vitner said in a report Friday.
“There is no apparent let-up,” Vitner wrote.
Jacobs Engineering, Jamba Juice, and Toyota are poised to bring new jobs with their new HQs, along with new regional hubs for McKesson and Charles Schwab.
Federal Reserve Bank of Dallas Economist Keith Phillips said in a video report this week that the Texas economy’ outlook is slightly better next year than it was for 2016. The state had a sluggish start to the year as the oil and gas industry reached a bottom after the market collapsed in 2014.
“Dallas should also continue to add jobs and new residents at a blistering pace, reflecting the recent profusion of corporate relocations and expansions,” Wells Fargo’s Vitner wrote in his report.
By: Jon Prior, Staff Writer. Article originally published in the Dallas Business Journal, December 16, 2016.
Topics: jobs, Dallas, economy