Dallas City Wire

More than 1 million new residents have come to call North Texas home in the last decade.

The Dallas-Fort Worth metroplex's economy and job market have been strengthened according to Laila Assanie, a senior business economist at the Federal Reserve Bank of Dallas.

More than half of the population influx comes from outside of Texas. Twenty percent of new residents are immigrants from other countries, and 33 percent come from other states in the U.S.

Assanie says that job growth has been widespread. 

“It’s not as if we’ve seen growth just in the urban core or just in the suburbs,” she said. “We’ve actually seen growth in the northern suburbs,  in the southern suburbs and in the central city as well.” Nearly a million new net jobs were created in the past decade.

The Dallas-Fort Worth metroplex is one of the fastest-growing large metro areas in the nation. It is now the top apartment market in the nation, adding 150,000 units over the last 10 years.

Assanie said that four sectors benefitting from the area's growth are finance and insurance; professional and business services; transportation; and warehousing.