Dallas Tops New York With 10.1% Finance Job Share as Sector Employment Jumps 23.2%
Updated
Updated · InvestmentNews · Aug 14
Dallas Tops New York With 10.1% Finance Job Share as Sector Employment Jumps 23.2%
3 articles · Updated · InvestmentNews · Aug 14
Summary
Dallas financial activities accounted for 10.1% of all local jobs through June, edging New York City’s 9.9% to become the highest share among U.S. metro areas.
Since February 2020, Dallas finance, insurance and real-estate employment has risen 23.2%, far outpacing New York’s 6% and contrasting with Chicago, Boston and San Francisco, which remain below pre-pandemic levels.
317,000 workers still leave Dallas at less than half New York’s finance headcount, but the city’s expansion is being reinforced by corporate moves, a new Texas Stock Exchange debut and Goldman Sachs’ planned 800,000-square-foot campus for 5,000-plus employees.
125 headquarters relocated to Dallas from 2015 to 2024, the Dallas Fed said, with 47% coming from California and 6.4% from New York as firms and wealthy households chase lower taxes and living costs.