Unemployment rates and joblessness has been a prevalent topic in the U.S. since the recession began in 2007. Just three years into the country’s economic slump, an estimated 8 million jobs were lost nationwide.
While many of those jobs have been regained, the recession is still showing aftereffects in many parts of the country, which are lagging behind in unemployment. East and west coast cities are among the slowest to bounce back. Data from 2013 revealed that of the 13 U.S. cities with the highest unemployment rates, eight are in California and two are in New Jersey.
With all the bad news still out there, there is a light at the end of a long tunnel, and it may be found in the Lone Star State.
The Dallas economy has been booming, coming out of the recession early. In the past four years, Texas has added more than 1.2 million jobs, and more are coming. This spring, automotive giant Toyota announced its plans to relocate its North American headquarters from Torrance, California (where it’s been for 57 years) to Plano, Texas, just outside Dallas.
In addition to energy, technology and manufacturing, Dallas also offers opportunities in health care, one of the fastest-growing industries in the U.S. In 2013, the U.S. Department of Labor released an Employment Projections report that named home health care services as the fastest-growing industry in the country, with an estimated 700,000 jobs being added over the next decade. Of the 38 Best Health Care jobs in 2014, physical therapist, registered nurse and nurse practitioner were in the top five.
One Dallas-based company, Axxess, is an example of a health care software technology company growing at an accelerated rate. Just over a year ago, Axxess had just 30 employees. With widespread acceptance of its software and increased industry demand, the company now has more than 100 employees and is still hiring. Relocation packages are available to employees moving to Dallas from out of state.
Recently, Axxess announced plans to relocate its corporate offices to a 25,000-square-foot space in Dallas and add more than 100 more employees in the next year. CEO John Olajide plans to expand the company to add more services to its software solutions and bring more mobile health care technology into the home.