In many North Texas cities, finance and insurance companies are among the largest employers. Their jobs pay well, too.
Technology and upstarts are creating disruptions in the financial sector, resulting in cutbacks in some areas and slow job growth nationwide. But in Dallas-Fort Worth, finance and insurance jobs are booming — and the bounty spreads throughout the region.
Some firms in the sector are among the largest employers in local cities, including State Farm in Richardson, Citigroup in Irving, Capital One in Plano and Fidelity Investments in Westlake.
Together, those four workplaces accounted for just over 24,000 jobs last year, according to annual reports compiled by the cities.
In the 12 months ended in October, the Dallas-Fort Worth metro area added 9,300 jobs in finance and insurance, a gain of 4.1%. The increase was five times greater than the increase nationwide.
The local numbers are poised to grow more. Charles Schwab, one of the nation’s leading discount brokers, recently announced plans to move its corporate headquarters from San Francisco to Westlake, where it is building a new campus.
6:01 AM on Dec 10, 2019