Since August 2012, Texas’ employers added 274,700 new jobs; this astonishing annual total accounts for about 13% of all jobs added nationwide and is 51,000 more than the next highest state: California. The states with the next highest job growth over the last year were Florida (+131,400) and New York (+92,500). Furthermore, the year-over-year employment-growth rate in Texas was approximately 3% and substantially higher than in California and the U.S. average, which has been the case since at least 2007 (see below). These data are nothing but remarkable.
The industries where Texas has added the most jobs, according to Policymic, are education, health services, professional and business services, and manufacturing.The report compares Texas in every data point to California. In everything from unemployment to job growth, Texas is trouncing the Golden State, and its unemployment rate has been beating California’s, and the nation’s, for 80 straight months now.We can’t imagine that politicians in Sacramento or coastal elites enjoy getting trounced by Texas. We wonder how long it will be before they start entertaining “cowboy” notions like lower taxes and regulations as a way of closing the gap.[Images of Gov. Jerry Brown and Gov. Rick Perry courtesy of Wikimedia]