Texas Job Growth bucks national trend

Texas is adding jobs at a fast clip while the nation’s job growth is sluggish, according to a recent article from the USA Today.  “From June 2009 to June 2011 the state added 262,000 jobs, or half the USA's 524,000 payroll gains, according to the Federal Reserve Bank of Dallas and the Bureau of Labor Statistics.  Even by a more conservative estimate that omits states with net job losses, Texas' advances make up 30% of the 1 million additions in the 34 states with net growth.”

The article also notes that while energy plays an important part in Texas’ economy, growth has been distributed across several sectors, including professional and business services, education and health care and leisure and hospitality. Other factors contributing to Texas’ job growth are its strong exports, relatively stable housing market and business recruitment efforts. (7/25/2011)

To view the full USA Today article, click here.