Caterpillar Inc. is just the latest employer moving to North Texas, following Topgolf, OpTic Gaming and thousands of Chicagoland residents.
That’s where the similarities end. Since 2010, housing permits in D-FW have grown steadily and reached new highs. In Chicago, the average monthly total last year remained nearly two-thirds lower than the 2005 peak., chief labor market analyst at ThinkWhy, a Dallas-based software services company that focuses on the labor market. “They encapsulate where people are moving and jobs are being created, along with all the activity around finding talent and retaining it.
Chicago has real strengths as a labor market, including its sheer size. “There’s still a lot of talent there, and they have great universities in the Midwest,” Denton said. In ThinkWhy’s ranking of the top labor markets, Chicago is No. 51 among 150 metros. But D-FW is first — and has topped the rankings since the pandemic.
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