A number of factors could hurt the job market in Dallas. Though we have seen improvements in some sectors, the increase in jobs is slow. It is not the level needed to maintain growth long term. However, there are some factors that could put more pressure on the market, especially those effecting the local economy.
Experts warned this week that some very specific threats are looming. First, a secondary jobs report for February needs to show positive growth or this will hamper the willingness of many businesses to grow and expand in hiring. Secondly, the economy needs to show signs of growth. If fuel costs continue to rise and inflation rises, this will hurt employers who simply will not be able to afford adding jobs.
The Dallas job market is one of the most telling when it comes to the state of the country. Though there are thousands looking for work, we have seen some improvements. Could these economic conditions negatively impact that growth?