Dad gummit, we must be doing something right in this great state. Analyst: Texas will be first to recover from economic ills | Business | Chron.com - Houston Chronicle DALLAS Texas will be last in, first out among states battling the recession, although a recovery that has already started will require patience, a leading economist says.... The long-term story when people look back at it will be one of last in, first out. It's also a story of us doing a little better than the rest of the country, Perryman said. Nonetheless, there's going to be a legacy of pain. Three hundred thousand people did lose their job, and no one really escaped this. As a measure of Texas faring better than most states, Perryman pointed to the 300,000 job losses. Although a large number, it represented about 4 percent of the losses nationally in a state that accounts for about 8 percent of the U.S. economy, he said. Using that formula, Texas had about half the job losses that might be expected. One of the strongest signs of a recovering economy, Perryman said, is Texas enjoying job gains the past two months and three of the past six. He and other economists say that trend will continue, but at a modest rate. Analysts say the same thing about other sectors of the Texas economy.