The most recent monthly jobs report shows the non-seasonally adjusted Dallas unemployment rate for March was 3.8 percent, a slight increase from the previous month. On a seasonally adjusted basis, 5,500 Dallas jobs were added month over month.
Across the state of Texas, the seasonally adjusted unemployment rate for March held steady at 4.3 percent. The monthly jobs report also showed 12,000 Texas jobs were lost during the same reporting period, on a seasonally adjusted basis.
How is the current Dallas jobs market affecting employers in the city?
According to Robert Half Senior Regional President Mark Malone, area job growth has led to increased competition for skilled talent in the marketplace. “Employers continue to battle for the attention of top candidates, many of whom are considering multiple offers,” Malone says. To catch the eyes of job seekers, Malone encourages employers to keep up with salary trends so they can ensure their compensation is competitive. He also emphasizes the importance of knowing which incentives candidates find attractive: “Many of today’s job seekers value benefits that promote healthy work-life balance, such as flexible work hours and telecommute options. If you offer these benefits, you stand a better chance of getting attention from talented candidates.”
Malone also notes that the current market may mean managers need to prepare for a longer hiring process. “The scarcity of available skilled professionals makes it a challenge to find new hires for open Dallas jobs,” he says. If the hunt is proving unsuccessful, Malone urges managers to consider the possibility of bringing back former employees. Workers who left the company on good terms may be able to fill critical needs with a shorter learning curve and less training. Malone adds that conducting exit interviews and maintaining contact with these former employees increases the likelihood of their return.
In search of top talent for Dallas jobs? Your local Robert Half recruiter can help. Call (855) 385-5631 today.