Over three-quarters of new hires were in Dallas-Plano-Irving, where 12-month job growth hit a whopping 8.2%.
Employment in Dallas-Plano-Irving surged 8.2% in the year ended in May, far ahead of historical trends. The growth rate was even faster than perennial leader Austin, which was up 6.7%.tracked by the BLS.
“Eventually, this will slow down,” Perdue said, noting that such job increases cannot continue indefinitely. “But there’s still a lot of steam” left. “Since we have migration into Texas and we’re still relatively short of supply, we’re still seeing the pricing pressure, even in the face of increasing mortgage rates,” Perdue said.
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