McCarthy says the region is not only a magnet for Millennials but also for the companies hiring them.
DALLAS—In almost all areas, unemployment is extremely low, at 4.2%. And Millennials (those aged 25 to 34 years old) shaping the current workforce, are in high demand. According to the Bureau of Labor Statistics, unemployment for that demographic is even lower at 3.9%.
Furthermore, wages have begun to move up at this point in the cycle for many jobs. Based on a recent study by JLL, the average US household income is now $83,700, and Millennials, many who are beginning or in the early stages of their careers, are not far behind at $75,400.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
