Free-Wheeling Texas Lures California Companies
Texas is the heavyweight champ among states in luring businesses and it’s likely to keep the title by treating California like a punching bag. The beating has started to prompt some soul searching in California’s capital, where heaping scorn on Texas is routine, and may gain wider attention in the near term should Governor Rick Perry, Texas’ most prominent salesman, join the field of Republican presidential contenders. Longer term, California risks more companies turning to Texas or other states, more trouble for a job market already weakened by the recession and the housing bust. Some executives say California has only itself to blame.
Fed Official: Robust Texas Job Growth in Last Half of 2011
A key Federal Reserve official said today there is a ‘good chance’ that even if Congress and the President agree on a strategy to raise the country’s borrowing limit, that the U.S. will still face a downgrading of it’s credit rating, 1200 WOAI news reports.
Texas bucks national unemployment trend
Need a job? Move to Texas
Finding work may not be quite that simple, but it sure seems that way. While the nation’s job growth has limped along since the economic recovery began two years ago, the Lone Star State is enlarging
payrolls in Texas-size fashion.
Austin among top 100 places to live, report says
Austin is one of 100 finalists in RelocateAmerica’s 14th annual best places to live contest.
The Texas capital city was one of three finishers in the Central Texas region. Round Rock and Cedar Park were also listed. The website is taking votes until Aug. 2 to decide the top 10 winners.
The company chose the finalists from nominations and other parameters considered important when relocating. This year, cities best positioned for economic recovery were considered high priority, as well as overall economic stability. This includes factors such as employment, education, community leadership and overall quality of life.
Texas hiring improves with 32,000 jobs in June
Texas’ job creation got back on track in June as employers added 32,000 jobs, outpacing every other state and showing strength after sluggish May payroll increases.
Economists say the state’s energy sector is the main driver, but the state also made notable — if surprising and perhaps temporary — gains in the government sector.
Despite the gains, the state jobless rate climbed to 8.2 percent, up from 8.0 percent in May, the Texas Workforce Commission said Friday.
Forbes: The Next Big Boom Towns In The U.S.
Many of our top performers are not surprising. No. 1 Austin, Texas, and No. 2 Raleigh, N.C., have it all demographically: high rates of immigration and migration of educated workers and healthy increases in population and number of children. They are also economic superstars, with job-creation records among the best in the nation.
ABC News: Is Texas Governor Rick Perry a Jobs Wizard?
While the Labor Department’s monthly jobs report on Friday is expected to show only slight improvement in jobs added, Texas Gov. Rick Perry may still have fodder to say his state is a “winner” in the shifting economy. But the factors contributing to the Lone Star State’s job creation may have little to do with Perry, and its downside may not be fully realized, critics argue. Texas accounts for 29 percent of jobs created nationwide from June 2009, when the 1.5 year recession ended, through May, according to Mine Yucel, senior economist and vice president with the Federal Reserve Bank of Dallas.
LATimes: Wartzman: Texas, The Jobs Engine
For the last few weeks, I’ve been unable to get a startling statistic out of my head: Since the recession officially ended, Texas has created more than 4 of every 10 new jobs in America. That’s right, Texas: the reddest of red states, home to gun lovers and school textbooks that openly question whether the Founding Fathers intended for the separation of church and state. I am no ideologue. Still, whenever I get political, I tend to tilt reflexively to the left, making the jobs figure a bit disconcerting at first.
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