Intense Hiring Demands Across Dallas/Fort Worth Metroplex
Employment across the Dallas-Fort Worth metroplex is booming and is on pace to return to pre-pandemic employment levels in 2022, as previously projected by LaborIQ®.
Employment View by Industry
In Dallas and surrounding areas, the Financial and Trade, Transportation and Utilities industries led local employment recovery during the midst of the pandemic in 2020.
Employment within the Government sector is on track to recover jobs lost within the year.
The following industries are expected to bounce back to pre-pandemic employment levels by 2022 and 2023, respectively.
- Professional and Business Services
- Leisure and Hospitality
Hot Hiring Activity
In line with post-pandemic expectations, hiring activity is increasing as companies race to keep up with consumer and production demand.
- Air travel demand increases are driving renewed spring hiring by DFW-based airlines Southwest Airlines and American Airlines.
- Retail giant Amazon reports plans to hire 2,800 more people in Dallas-Fort Worth for the summer shopping season, offering sign-on bonuses to attract talent.
- Freight trucking employment continues to rise, with UPS recently announcing plans for 450 new DFW positions offering benefits.
Hiring Pressure for Hourly Workers
Finding hourly employees remains an acute problem across the country. The Dallas-Fort Worth workforce has returned to pre-pandemic employment levels due, in part, to migration into the area. Yet some people are still sitting on the sidelines during what is becoming one of the most active years for hiring in America’s history. The often-mentioned additional stimulus payments to the unemployed ends in Texas on June 26; those affected will likely look to rejoin the labor force more quickly, in anticipation of this change.
Compounding the issue for manufacturers, local hourly workers now have more job options in various industries. For example, with Amazon offering a minimum of $15 per hour coupled with increasing pay rates in the Leisure and Hospitality sector, competition for workers across growing industries is pushing the cost of hourly labor upwards.
Per Jim D’Amico, global talent acquisition leader at Celanese, hiring demand in manufacturing is intense. “It happened like a flip of a switch. It’s basic demand and supply economics. While benefits like ice cream Fridays are great, we’re simply going to have to pay more.”
Economic Factors Affecting Compensation Outlook
The Dallas-Ft. Worth job market continues to grow with ongoing relocations to the area, reinforcing the demand for talent and economic growth across the metroplex.
The LaborIQ analysis of metro area population change reveals that DFW added 74,920 new residents between 2019 to 2020 due to relocation, and migration to the area is expected to continue with the LaborIQ forecast of an additional 79,500 residents in 2021. This should help ease hiring issues as more people join the local workforce to meet hiring needs.
DFW will end up running out of available talent later this year, and talent acquisition professionals will start to feel the squeeze much faster than in other locations such as Los Angeles and New York. Accordingly, employers will have to look to other markets to source talent for remote work or face relocation costs for individual talent.
In summary, the DFW metroplex is a great place to be for job seekers, especially for hourly workers who have the experience needed to satisfy the job requirements. Organizations would be well served by conducting compensation analysis to ensure salary and hourly rates are competitive enough to attract and retain employees.
LaborIQ by ThinkWhy reports, forecasts and advises on employment conditions and the impact to jobs, industries and businesses across all U.S. cities.