Dallas Is a Job-Creating Machine

Ryan Avent looks at Perry’s “Texas Miracle” and finds that it is a product of our four major cities. Dallas was second to New York in creating jobs in the last year. Dallas and Houston alone accounted for 10 percent of all new jobs in the U.S.  One reason is energy, of course. Another reason is our tight government regulation of home financing (yes, government regulation!). But the third is our availability of housing and our openness to newcomers, wherever they come from:

Yet the big secret to success is Texan cities’ willingness to capitalize on their advantages through an extraordinary openness to growth. Relative friendliness to immigration is one source of strength. Between them, Dallas and Houston welcomed over 600,000 new residents from abroad over the past decade. That welcoming spirit extends to other Americans attracted by low housing costs.

That may explain Dallas, Ryan, but what about New York, which beat even Dallas in job creation? Top cities for job growth after the break. 

U.S. Metro Area Jobs added from July 2010 through July 2011
1) New York-Northern New Jersey-Long Island 71,700
2) Dallas-Fort Worth-Arlington 65,400
3) Houston-Sugar Land-Baytown 65,100
4) Boston-Cambridge-Quincy 60,100
5) Chicago-Joliet-Naperville 33,200
6) Seattle-Tacoma-Bellevue 32,800
7) San Jose-Sunnyvale-Santa Clara 29,600
8) Los Angeles-Long Beach-Santa Ana 29,400
9) Phoenix-Mesa-Glendale 22,300
10) Miami-Fort Lauderdale-Pompano Beach 22,000

7 comments on “Dallas Is a Job-Creating Machine

  1. What you repeatedly refer to as Dallas is of course the Dallas-Ft. Worth-Arlington MSA. I’d be interested to see a breakdown of exactly where, within the North Texas region, the jobs are being created.

  2. Seeing as thought the NY metropolitan area has close to 22 million people, and the dfw area has close to 6 million, we create about 3 jobs to 1 per capita.

  3. Just speculating, but might some of the growth in NYC be related to finance jobs that were lost in 2008 and 2009 and are now starting to come back?

  4. I think friendliness to newcomers is the key to multiplying job creation.

    Let’s say I have $100. If newcomer supplied good or service A costs $50 instead of the oldcomer price of $100, and if newcomer supplied good or service B costs $50 instead of the oldcomer price of $100, not only can I get both A and B instead of only one or the other, I also sustain or create 2 jobs instead of 1 in the process.

    God bless our low cost newcomers. Bye-bye, high cost oldcomers.

  5. I’d be curious to see what kind of new jobs are being created in our Metropolitan Complex. Is there a strong percentage of jobs that require college degrees, or are we seeing more service industry jobs that continue to perpetuate Texas’ and DFW’s have and have-not economy?

  6. What I will point can be checked by reading achived articles about Dallas and its recession proof economu in old Dallas Morning News papers. I was VP of Economic Development of the Dallas Chamber during the Carter recession. To bring jobs to Dallas, first there must be a map system for site selectors. Once site selectors are satisfied with the most productive location, then companies will come. Headquarters are the gems of company relocations because of the multiplier effect headquarters have. Dallas led America in number of jobs created because Dallas led America in number of headquarters relocations-51 headquarters, 146 headquarters suppliers, ands 167 headquarters subsidiary operations.