Tuesday, June 14, 2011

Texas Claims 37% of All U.S. Jobs Created Since June, 2009

From the WSJ:
"Using Bureau of Labor Statistics (BLS) data, Dallas Fed economists looked at state-by-state employment changes since June 2009, when the recession ended. Texas added 265,300 net jobs, out of the 722,200 nationwide, and by far outpaced every other state. New York was second with 98,200, Pennsylvania added 93,000, and it falls off from there. Nine states created fewer than 10,000 jobs, while Maine, Hawaii, Delaware and Wyoming created fewer than 1,000. Eighteen states have lost jobs since the recovery began.

The data are even more notable because they're calculated on a "sum of states" basis, which the BLS does not use because they can have sampling errors. Using straight nonfarm payroll employment, Texas accounts for 45% of net U.S. job creation. Modesty is not typically considered a Texas virtue, but the results speak for themselves.

Texas is also among the few states that are home to more jobs than when the recession began in December 2007. The others are North Dakota, Alaska and the District of Columbia. If that last one sounds like an outlier at first, remember the government boom of the Obama era, which has helped loft D.C. payrolls 18,000 jobs above the pre-crisis status quo. Even so, Texas is up 30,800."
This excellent article goes on to explain the Lone Star State's success is due to no state income tax; a business-friendly climate; right-to-work laws; and Texas has a small govt. with a balanced budget...

Everything the deep blue Obamanation is not.

Remember this Index of Personal and Economic Freedom inter-active map? Texas ranked 14 out of 50 states.

NY & Pennsylvania ranked 50 & 31, respectively.

CC: BHO & his Congressional sycophants running this economy onto the rocks.

~nuff said.
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