REPORT: Texas Ranks Dead Last In Total Job Creation

[kpete]

REPORT: Texas Ranks Dead Last In Total Job Creation, Accounting For Labor Force Growth
By ThinkProgress on Aug 17, 2011 at 9:45 am

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In fact, “Texas has done worse than the rest of the country since the peak of national unemployment in October 2009.” The unemployment rate in Texas has been steadily increasing throughout the recession, and went from 7.7 to 8.2 percent while the state was supposedly creating 40 percent of all the new jobs in the U.S.

How is this possible, since Texas has created over 126,000 jobs since the depths of the recession in February 2009? The fact of the matter is that looking purely at job creation misses a key point, namely that Texas has also experienced incredibly rapid population and labor force growth (due to a series of factors, including that Texas weathered the housing bubble reasonably well due to strict mortgage lending regulations). When this is taken into account, Texas’ job creation looks decidedly less impressive:



the rest:
http://thinkprogress.org/economy/2011/08/17/297556/report-texas-ranks-dead-last-in-total-job-creation-accounting-for-labor-force-growth/

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Texas and the Gov’t: Better Friends Than You’d Think

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The chart shows that Texas employment wasn’t down much at all in these years, as the state lost only 53,000 jobs. But looming behind that number are large losses in the private sector (down 178,000) and large gains (up 125,000) in government jobs.


http://jaredbernsteinblog.com/texas-and-the-gov%E2%80%99t-better-friends-than-you%E2%80%99d-think/

[moksha]

1. That is great information. Thank you!

[BREMPRO]

2. haha! oops.Sorry Mr Treason... there goes that nice litttle talking point...n/t

[beac]

3. graphic copied and saved. Thanks! n/t

[BNJMN]

4. 1) Texas did not 'create' these jobs, they stole them from other states. 2) Uh, this housing thing?

'Report: Austin among 10 'worst' housing markets next five years'
http://www.bizjournals.com/austin/news/2011/07/01/austin-one-of-10-worst-housing-markets.html

The pricing bubble is still expanding in Austin.

[toddwv]

5. thanks

[Altoid_Cyclist]

6. Why would the Hair mislead the country like that?

Oh right......the republican thing again.

Never mind!

I can not stand these people anymore. Yes, I realize that it's probably a misnomer to use the term "people" to describe the pool of bottom feeders known collectively as the republican presidential contenders.

[nomb]

7. Michigan is #1 in job creation then? n't