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Wednesday, August 27, 2008
Report: Dallas-Fort Worth has strongest job market in U.S.
The Dallas-Fort Worth area had the strongest job market among large U.S. cities in the 12 months ending in July 2008
10:54 AM CDT on Wednesday, August 27, 2008
By BRENDAN M. CASE / The Dallas Morning News
bcase@dallasnews
The Dallas-Fort Worth area had the strongest job market among large U.S. cities in the 12 months ending in July 2008, the U.S. Department of Labor said Wednesday.
But the rate of job growth in North Texas has slowed during the last year, said Stanley Suchman, the Labor Department's regional commissioner in Dallas.
Still, employment in the Dallas-Fort Worth area grew 2.3 percent during the year ended in July, the highest growth rate among the nation's 12 largest metropolitan areas.
Houston was a close second, with a 2.2 percent growth rate.
The Dallas-Fort Worth area added 68,000 jobs during the 12 months ending in July, followed by Houston with 57,100 jobs and Washington, D.C., with 35,400.
Over the same period, overall U.S. employment fell 0.1 percent, shedding 174,000 jobs. Five of the 12 largest metropolitan areas suffered job losses during that time.
The largest job losses occurred in the Detroit area, where employment fell by 1.9 percent or 36,700 jobs; and Los Angeles, an epicenter of the housing bust, where employment fell by 0.8 percent or 45,000 jobs.
