It seems that if you need a job then Texas is the place to be with over 457,000 jobs created last year according to the Texas Workforce Commission’s latest report.
December’s unemployment rate fell to 4.6%, the lowest we’ve seen since May 2008, with job increases in all 11 major industries. If you’re looking for work in the private sector, then you’re in luck as jobs in that sector increased more than 420,000, and the highest number of new jobs added in 2014 were in professional and business services sectors, and one-third of those were in technical and scientific jobs (Niekamp).
In the North Dallas area more jobs will be added this year with the opening of Nebraska Furniture Mart, the many businesses of Grandscape, FedEx’s new headquarters in Plano, State Farm’s new regional facility in Richardson to name just a few of the many businesses opening up in the area.
Outlook for 2015 remains optimistic but cautious with two known headwinds of the low oil prices that are impacting Texas’ energy sector and Texas’ pension funds being under-funded according to Moody analyst Thomas Aaron (McGaughy).
Realtor Brenda is a Texas-licensed real estate agent with Ebby Halliday Realtors located at 1415 Legacy Dr, Suite 100, Frisco, TX 75034. The office telephone is 972-335-6564 or you may reach Realtor Brenda via cell/text at 469-408-3148. Realtor Brenda’s website is www.realtorbrenda.com.
Brown, Steve, FedEx Office breaks ground on new West Plano headquarters, July 21, 2014
Hegar, Glenn, Comptroller’s Weekly Economic Outlook, January 23, 2015 retrieved from the World Wide Web on January 24, 2015
McEwen, Melia, Economic outlook forecasts fewer new Texas jobs in 2015, January 22, 2015.
McGaughy, Lauren, Moody’s warns Texas to take care of pension funds, January 22, 2015
Niekamp, Ray, 2015 Economic Forecast: Focus on Texas, November 7, 2014
Texas Ends 2014 With Another Month of Job Growth, January 23, 2015, retrieved from World Wide Web January 23, 2015.