Labor Market Spotlight: Downtown Dallas / Uptown



The number of attorneys and other professional and technical service-related occupations — auditors, financial advisors, management analysts, and market research/marketing specialists — working in downtown Dallas has been climbing fast. So has the number of software developers and computer systems analysts. Jobs of those types are projected to grow in Dallas’ Central Business District faster than the national average.

These types of jobs pay exceptionally well — ranging from high $80s to mid-$100s on average — far outpacing the average annual wages for all occupations in Downtown-Uptown Dallas. Regardless of pay, more than a quarter of all downtown area workers’ homes are less than 10 miles from the workplace. And nearly half live 10 to 24 miles from their jobs. 

Nearly one in five of all employees in the downtown area work in professional, scientific or technical services; nationwide, they make up only about 7 percent of the workforce. 

Major employers in the Downtown-Uptown Dallas business area include major consulting and advisory firms like PwC, Deloitte, KPMG, and EY; finance and banking employers like Comerica, Santander, ORIX, and the Federal Reserve Bank of Dallas; and legal services firms like Thompson & Knight, Winstead, and Jones Day.

Lawyers, especially, have a bright outlook for job growth in the Dallas region. Over the next 10 years, economists project that the number of attorney jobs will increase by about 20 percent — from 17,408 to 20,880. And there is virtual full-employment for lawyers; they have a .5 percent unemployment rate. Downtown Dallas even has its own law school — the University of North Texas College of Law, which de-emphasizes LSAT scores in the admissions process and seeks to prepare lawyers for public service practices, such as criminal legal defense, at lower-than-average tuition costs.

 


SAMPLE OF MAJOR EMPLOYERS IN DOWNTOWN DALLAS / UPTOWN

1. ACTIVE Network
2. Akin Gump Strauss Hauer & Feld
3. Ambit Energy
4. AT&T
5. Bain & Co
6. Baylor Scott & White Health
7. Builders FirstSource
8. CBRE
9. Chubb Group of Insurance Companies
10. Comerica Bank
11. Corgan Associates
12. Cushman & Wakefield
13. Deloitte
14. EY
15. Federal Deposit Insurance Corp
16. Federal Reserve Bank of Dallas
17. Gardere Wynne Sewell
18. Grant Thornton
19. Harwood International
20. Hilltop Securities
21. HKS
22. HollyFrontier
23. Hunt Oil
24. ISN Software
25. Jackson Walker
26. Jacobs Engineering
27. Jones Day
28. KPMG
29. Lanyon
30. Lockton Dunning Benefit Co
31. Luminant
32. McKinsey & Co
33. MoneyGram International
34. Neiman Marcus
35. Omnitracs
36. Oncor Electric Delivery
37. ORIX USA
38. PFSweb
39. PwC
40. Santander Consumer USA
41. Stream Realty Partners
42. Tenet Healthcare
43. The Beck Group
44. The Dallas Morning News
45. The Richards Group
46. Thompson & Knight
47. TracyLocke
48. Vinson & Elkins
49. Vistra Energy
50. Winstead

 

 

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