The Financial Additions labor market survey has become an invaluable resource for businesses across North Texas. Every quarter, we send out surveys to thousands of accounting professionals, human resources departments and DFW executives. This survey provides us with a better understanding of the current labor market trends. We analyze the feedback we receive to help you stay ahead of any changes that may affect your business.
According to the Texas Workforce Commission (TWC), the most rapidly growing occupations in the state include medical assistants, software developers, management analysts, market research analysts, and financial managers. Employment growth was particularly strong in the financial and insurance sector, with a 4.0 percent increase, mainly due to a 5.1 percent rise in employment in insurance companies and related activities. In December, Texas had just over a million job openings, a figure that has been consistent for several months. The Bureau of Labor Statistics (BLS) data shows that during the 12 months ending in January, health care and social care added 32,400 jobs in Dallas-Fort Worth.
Other high-paying jobs in Texas include financial managers, computer and information systems managers, general and operations managers, engineers, and sales managers. The region added 16,900 jobs in January, the most since October, and the growth in healthcare contracts provided a major boost. The demand from the financial sector in Texas is due to several factors, such as the expansion of specialized financial services, international business transactions and risk management services. The cities with the most job opportunities in Texas are located in large metropolitan areas such as the Dallas-Fort Worth-Arlington metropolitan center and the Houston-The Woodlands-Sugar Land metropolitan center.
To sum up, Texas is home to some of the most important workforces in the country's major industries and economic drivers such as healthcare, education and finance. The fastest-growing careers in the state include medical assistants, software developers, management analysts, market research analysts and financial managers. The demand from the financial sector is due to several factors including the growth of specialized financial services, international business transactions and risk management services.