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Help wanted: Despite Oil Industry Woes, Hiring Searches Ramped Up in North Texas in 2015

News Article Sponsored by Aaron T. Jones & Associates

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Employers ramped up job searches during 2015 despite softness in the oil industry. More major employers are putting a North Texas address atop their letterheads, which should hike the region’s employment tally in 2016 and beyond. That means more job fairs and help wanted ads.

2015 Job Openings by Month

Based on figures from the employment search firm Simply Hired, North Texas employers were in an especially acquisitive mood in the summer and early fall. May saw the strongest monthly percentage gain in job listings in North Texas, while August had the most job openings. The December job openings figure was 4 percent higher than the December 2014 total.

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Unemployment Rate Inches Down

Dallas County saw the largest year-over-year drop in the unemployment rate for November, but it started with the highest rate in the region. All of North Texas is below the U.S. unemployment rate.

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The Bottom Line

unnamed-4“Technology and health care are dominant forces for job creation in Dallas-Fort Worth. Anyone looking to change careers or switch jobs in the new year should take a close look at these. In particular, demand is high for software developers and registered nurses, which is a powerful incentive for people to start training for these roles.”

Susan Martindill, Director of Marketing, Simply Hired

 

unnamed-5“The dominant trend for the year would be that the overall rate of job growth in the state has slowed dramatically, down by more than half. The two biggest factors would be a slowdown and eventually a decline in two sectors: manufacturing and mining/logging. And, of course, more than 90 percent of mining and logging in the state of Texas is oil and gas extraction.”

Cheryl Abbot, Regional Economist, Bureau of Labor Statistics

 

“Leisure and hospitality saw strong job gains in North Texas in the back half of 2015, with an average growth rate of more than 6 percent. Even as the number of restaurants in North Texas increases, some higher-end concepts are feeling the impact of sagging oil prices as the expense account crowd cuts back and oil-related companies cut workers.”

Karen Robinson-Jacobs, Hospitality Industry Reporter, The Dallas Morning News

 

 


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