The most recent monthly jobs report shows the non-seasonally adjusted Dallas unemployment rate for June was 4.0 percent, up half a percentage point from the month prior, but down 0.3 percentage points from this time last year, according to the Texas Workforce Commission. On a seasonally adjusted basis, 1,400 Dallas jobs were lost during the June reporting period.
Across the state, the seasonally adjusted unemployment rate rose slightly to 4.5 percent in June. Month over month, a total of 7,200 jobs were added on a seasonally adjusted basis.
How is the current Dallas jobs market impacting area employers?
Robert Half Senior Regional President Mark Malone notes that the rising Dallas unemployment rate means it’s an employer’s market. “Given the increase in unemployment, there are plenty of candidates actively searching for jobs,” he says. “However, finding the right hire can still be a challenge.”
Malone advises hiring managers to meet this challenge by fine-tuning their candidate evaluation processes. “Reviewing resumes, for example, can require a great deal of time. Streamline your process by identifying ways to hone in on relevant experience, important keywords and red flags,” Malone suggests. “Finding warning signs early on will lessen the likelihood that a bad hire makes it through the selection process.”
Malone also advises hiring managers to be mindful of the candidate’s timeline. “Skilled professionals are still sparse in the current market,” he says, “so don’t forget that in-demand talent will likely be fielding multiple offers.” Malone cautions that employers could lose out on top prospects by failing to act quickly. “Value the candidate’s time like you value your own, and if you’re ready to put an offer on the table, do it sooner rather than later,” he says.
Have you found it challenging to locate talented professionals for Dallas jobs? Your local Robert Half recruiter can help. Call (855) 385-5631 today.