Saturday, August 13, 2011

Rick Perry and his Texas jobs boom

CNN reported
Texas has gained more than 1 million net new jobs in the decade Perry has led the state. And it's been going strong since the recession ended. "Over the last two years, 40% of the net new jobs created in the United States were created in Texas," he told a conference of state legislators from around the nation this week.

But that doesn't mean that all is well with employment in the Lone Star State. Texas leads the nation in minimum-wage jobs,
But they are employed, and can work to improve themselves and when they qualify for a better job they can show an potential employer they are capable of holding down a job
and many positions don't offer health benefits.
Neither employers or the government should pay for a person's health insurance. The employers can take the money they would have put into health benefits and pay the employee more, and they can buy the insurance they want, and if they leave and go to work for someone else, they will not have to worry about Preexisting Conditions
Also, steep budget cuts are expected to result in the loss of more than 100,000 jobs.
Still a lot better than the country under Obama

Perhaps most importantly, Texas can't create jobs fast enough to keep up with its rapidly growing population. Since 2007, the state's number of working-age residents expanded by 6.6%, nearly twice the national average.
People are moving to Texas because that is where the jobs are.
Still, Texas has been adding jobs at a rapid clip since the recession's end in 2009. The state has created nearly 297,000 net new positions since June of that year, representing a major chunk of the nation's 715,000 gain, according to the Bureau of Labor Statistics. Of course, Texas enjoys advantages that have nothing to do with having Perry at the helm. Rich in natural resources, the state has been benefiting from the high price of oil and the expanded interest in natural gas exploration. Energy employment has soared by 16.8% over the past year alone.
Just think what it would have been without all of the anti-oil-and-gas regulations Obama's regulators have been dumping on the country.
While the energy sector is driving much of the recent jobs expansion, nearly all industries are doing well, said Jim Gaines, research economist at The Real Estate Center at Texas A&M University. Construction jobs, for instance, have grown by 5.4% in the past year, according to the center. Employment in professional services is up 4.5% and in the hospitality business by 3%. Only the government and information technology sectors have seen drops, of 1.4% and 5%, respectively.
I would like to see more in the IT area, but I am happy he is cutting government jobs. Hope he keeps that up when he gets to Washington
"Texas has fared better than most of the nation," said Terry Clower, who directs the Center for Economic Development and Research at the University of North Texas. "Private sector job creation has been pretty strong compared to most other states."
Texas today, America in 2013

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