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Steve McIntosh Report Blog Archive

Texas job growth

Under the headline “Texas bucks national unemployment trend”, U-S-A Today reports between June 2009 and June 2011, Texas added 262,000 jobs … or half the nation’s 524,000 payroll gains. During the same two-year period, Kansas lost 21,000 jobs.
The Texas unemployment rate is 8.2% … below the national rate but above ours in Kansas.
Part of the job gains can be attributed to population growth in Texas. Conservatives point to no state or corporate income tax in the Lone Star State, and regulations kept to a minimum to allow businesses to grow quickly.
Other factors include high energy prices that set off an oil-drilling frenzy, rising exports, and a conservative banking industry that helped the state sidestep the housing crash … reports U-S-A Today.
Ten-year governor Rick Perry can claim part of the credit for job growth, although there was not a state income tax for years before he was elected … and Perry didn’t create the energy boom.
Still, if Perry decides to seek the Republican presidential nomination, the job-growth story is a good peg to hang his hat on.
Our thought for today is from Clarence Darrow:
“When I was a boy I was told that anybody could become President. Now I’m beginning to believe it.”

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Topics : Business_FinanceLabor
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Locations : KansasTexas
People : Rick Perry

07/29/2011 1:46AM
Texas job growth
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