September 4, 2020
Even in the face of “significant job losses and output declines” due to the COVID-19 pandemic, the underlying structure is generally sound and long-term prospects remain positive, writes economist M. Ray Perryman. He’s projecting 1.79% annual job growth in the Dallas-Plano-Irving Metropolitan District over the next 25 years, a gain of more than 1.6 million jobs.
Up next is the Austin metro area, projected to expand at a 1.65% annual rate, generating over 590,000 net new jobs. Other Texas metros predicted to advance by 1.5% or more from 2019 to 2045 are Tyler (1.57% annual growth), McAllen-Edinburg-Mission (1.52%), Brownsville-Harlingen (1.52%), Midland (1.52%), and Odessa (1.50%).
Both Houston-The Woodlands-Sugar Land and San Antonio-New Braunfels, two of the largest urban centers in the state, are projected to gain jobs at a 1.49% annual rate. Fort Worth-Arlington-Grapevine employment is expected to expand by 1.47% per year, according to Perryman.