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Update Dallas | A central hub for market and real estate news affecting the Dallas region.

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Grounding in Energy, Technology Industries Boosts DFW Job Rankings

May 31st, 2013 | by The Update
Dallas-green-building.jpg

When it comes to job creation, North Texas’ roots in the energy industry and its growing prominence in the technology sector have made it a job-creation destination for the corporate world, according to a new analysis by Forbes magazine.

Both Fort Worth and Dallas rank in the top 10 cities for jobs in 2013. Forbes based its rankings on the short, medium and long-term employment performance of 398 metropolitan statistical areas.

What’s so inviting about the Metroplex? Forbes says its the blending of the energy industry with other industries. In our case, it’s an “unconventional oil and gas boom” combined with the technology, manufacturing and business services industries that have created a strong growth economy.

Here’s what columnists Joel Kotkin and Mike Shires had to say about Texas:

“The Texas juggernaut rolls on. Growth there has not only been steady, it’s been widely spread across the state. Texas boasts a remarkable four major metros in our top 10, led by Ft. Worth-Arlington (No. 4), Houston-Sugarland-Baytown (No. 5), Dallas-Plano-Irving (No. 6 ) and Austin-Round Rock, which slips from first place last year to 10th. The state’s other big city, San Antonio, comes in at a very healthy No. 12.

“All these metro areas have more jobs than they did a decade ago — often a lot more. Since 2001, employment in Houston has expanded 20%; in Ft. Worth, it’s up roughly 16%; Dallas; 11%; Austin, a remarkable 26.5%; and San Antonio, 18.4%.”

Click here to read the full article in Forbes magazine. Click here to see the 10 Best Big Cities for Jobs. Click here to see the 10 Best Mid-Size Cities for Jobs. Click here to see the 10 Best Small Cities for Jobs.

This post originally was published on Boots to Beijing, Robbie Briggs’ blog about Metroplex-China ties.

Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 190 agents in five offices located throughout the Metroplex and access to the global Sotheby’s network, including more than 11,000 agents in 600 offices worldwide. For more information on escapes and second homesranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.

 

 

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