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Healthcare curing what ails Dallas-Fort Worth’s jobs market

Take away the healthcare industry, and the North Texas economy might look like California or another distressed state.
For the past decade, healthcare has been generating most of the job growth in this area, and often the only increases. The trend is similar nationwide, but the rate is faster here, because our population is rising, and Dallas-Fort Worth is drawing more patients and workers from beyond the region.
For all the hype about the exceptional Texas economy, Dallas-Fort Worth actually lost jobs from 2004 to 2009, as the recession deepened. But during the same period, the number of healthcare workers jumped 22 percent, according to a recent report from the Dallas Regional Chamber of Commerce.
My own analysis tracked those results. Tarrant County, which benefited from a natural gas boom, owed almost two-thirds of its private job growth to healthcare from 2001 to 2009. In Dallas County, total private jobs fell 11 percent in the period, while healthcare employment rose 28 percent. In fast-growing Collin County, healthcare jobs doubled in that time.

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posted in: news, Employer News, Texas
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