Posts Tagged ‘unemployment extension’
Texas is a bright spot. Texas’ economy outperform the U.S. Economy. Texas’ economy has been booming. Unemployment rates have been below the national average for more than a decade, as companies small and large generate new jobs. Texas has also managed to avoid the worst of the real estate crisis.
The state’s actual unemployment rate in April was 7.7 percent which is 1.3% lower than the national average. The state’s unemployment rate in January was 8.5 percent and has seen a steady drop through the first four months of the year, with unemployment extension numbers dropping as well.
The state’s private sector exceeded U.S. figures, posting an annual employment growth rate of 3 percent compared with the nation’s 1.7 percent . Unemployment Extension rates have followed suit.
From April 2001 to April 2011 Texas has increased it’s private-sector jobs by 732,800. No other state registered an increase of more than 100,000 private-sector jobs during the decade.
In the past year alone, it create 251,700 new jobs. Texas gained 254,900 jobs from April 2010 to April 2011, an annual growth rate of 2.5 percent. All Texas industries except the information industry had more jobs in April 2011 than in April 2010.
Texas had above-average immigrant growth, but domestic in-migration was nearly twice as high. Texas is luring more inflow of settlers than any other states. From 2000 to 2009, some 848,000 people moved from other parts of the United States to Texas.
What is about Texas that attracts immigrants and substantial inflow from the other 49 states? It is said that Texas has had low taxes, low public spending, business-friendly regulations that encourage job growth and a diversified economy. It didn’t have much of a housing bubble or a housing price bust.
It is said that half of all jobs created last year were created in Texas. Texas always ranks first in CEO’s list of best states for business. With probably the best economy out of all the states, certainly we have something to learn from Texas.
Tags: unemployment extension