Fort Worth Area Adds Record Number Of Jobs; Inflation Poses Threat

Arlington TX

27 April, 2022

5:50 PM

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By Seth Bodine, Fort Worth Report April 26, 2022 The number of jobs in Fort Worth and Arlington have jumped above pre-pandemic levels, and unemployment has decreased, according to data from the Texas Workforce Commission and The Federal Reserve Bank of Dallas. But the news isn't all good. Not all industries grew, and economists say inflation, labor shortages and impending policies could slow down the economy. The Fort Worth-Arlington area had 30,800 more jobs this March than it did in March 2020, according to data from the Texas Workforce Commission. Unemployment decreased in Dallas and Fort Worth to 3.3% in March, which is below the national rate of 3.6%, according to the Federal Reserve Bank of Dallas. The increase in jobs reflects the upward trend happening across Texas. The state set a record for the fifth month in a row in March and has added 731,600 positions since last March, according to the Texas Workforce Commission.The overall job numbers don't tell the whole story. Fort Worth has regained all its lost jobs on the back of the service sector, which includes trade, transportation and utilities, said Pia Orrenius, senior economist at the Federal Reserve Bank of Dallas. To read the full article, click here. Fort Worth Report is a nonpartisan, nonprofit news organization that produces factual, in-depth journalism about city and county government, schools, healthcare, business, and arts and culture in Tarrant County. Always free to read; subscribe to newsletters, read coverage or support our newsroom at fortworthreport.org.