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UT Dallas

UT Dallas

Economic Development Update

March 12, 2025
DFW Labor Market Update. A trio of red signs hanging on a door. The top one reads “WE ARE HIRING”. The next reads “APPLY TODAY”. The bottom one is blank. Photo Credit: Eric Prouzet on Unsplash [https://unsplash.com/photos/a-sign-that-says-we-are-hiring-and-apply-today-B3UFXwcVbc4]

The U.S. labor market lost 5,663 jobs from December 2024 to January 2025, with the notable decline in professional and business services. National unemployment rose to 4.4%, while DFW saw a 29.2% increase in job postings and a 1.75% rise in Consumer Price Index. The BLS has not yet released labor market data for Texas or DFW, and we will update this report with the respective values once they are released.

Read the latest DFW Labor Market Update.

Six DFW-area office leases have been terminated by the federal government’s new Department of Government Efficiency (DOGE). As of March 6, DOGE’s website shows a grand total of 748 lease terminations totaling over 9.5 million square feet and, the department says, about $468 million in savings. D CEO Magazine identified six total leases in North Texas affected totaling 44,278 square feet and $1.12 million in annual rent.

Read more in D Magazine.

 Downtown Dallas. Photo Credit: RK on Unsplash [https://unsplash.com/photos/city-buildings-under-blue-sky-during-daytime-h1n7o0yb0sE]
A collection of government officials gather behind a table bearing the seal of the State of Texas, topped with a cup-shaped trophy and a sign reading “Made in Texas”. Photo Credit: Office of the Texas Governor.

Texas recently won Site Selection magazine’s Governor’s Cup award for the 13th consecutive year. The Governor’s Cup recognizes top-performing U.S. states for business relocations and expansions. Texas reported 1,368 projects in 2024 – more than twice the total number of projects than the second-ranked state.

Read the announcement on the Governor’s website.

We are happy to fulfill customized data requests for our North Texas economic development partners and to connect local industry with UT Dallas research and workforce development initiatives.

Please reach out to Jenny Mizutowicz, CEcD to learn how your organization can partner with UT Dallas.

An Economic Engine for the Region

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