Texas Ranks Last In Total Job Creation

Discussion in 'Economy' started by Truthseeker420, Aug 17, 2011.

  1. Truthseeker420
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    Truthseeker420 Gold Member

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    Gov. Rick Perry (R-TX), since he launched his presidential campaign on Saturday, has paraded around the stat that “since June of 2009, Texas is responsible for more than 40 percent of all of the new jobs created in America.” “Now think about that. We’re home to less than 10 percent of the population in America, but 40 percent of all the new jobs were created in that state,” Perry says.

    This stat leaves out a lot of the story. The Federal Reserve Bank of Dallas has promoted the number, but “it acknowledges that the number comes out different depending on whether one compares Texas to all states or just to states that are adding jobs.” Between 2008 and 2010, jobs actually grew at a faster pace in Massachusetts than in Texas.

    In fact, “Texas has done worse than the rest of the country since the peak of national unemployment in October 2009.” The unemployment rate in Texas has been steadily increasing throughout the recession, and went from 7.7 to 8.2 percent while the state was supposedly creating 40 percent of all the new jobs in the U.S.

    How is this possible, since Texas has created over 126,000 jobs since the depths of the recession in February 2009? The fact of the matter is that looking purely at job creation misses a key point, namely that Texas has also experienced incredibly rapid population and labor force growth (due to a series of factors, including that Texas weathered the housing bubble reasonably well due to strict mortgage lending regulations). When this is taken into account, Texas’ job creation looks decidedly less impressive:

    REPORT: Texas Ranks Dead Last In Total Job Creation, Accounting For Labor Force Growth | ThinkProgress
     
  2. Warrior102
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    Warrior102 Gold Member

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    So does America.
     
  3. Truthseeker420
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    Truthseeker420 Gold Member

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    i don't think so.
     
  4. Warrior102
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    Warrior102 Gold Member

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    Where do we rank in terms of job creation

    Do tell.
     
  5. Truthseeker420
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    Truthseeker420 Gold Member

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    That's a broad question but i'm sure it's not last.
     
  6. Warrior102
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    Warrior102 Gold Member

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    You seem to be pretty much up to speed on Perry and job creation in Texas.

    Why don't you pull your nose off of Obama's ass for a moment as ask him how many jobs he's created.
     
  7. Unkotare
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    Unkotare Diamond Member

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  8. Truthmatters
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    remember you claim the government cant create jobs
     
  9. Leweman
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    Leweman Gold Member

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    Perry's policies saved over 1.65 million jobs in Texas.
     
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  10. Two Thumbs
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    Two Thumbs Platinum Member

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    so let me see if I get this straight.

    When obama claims to have saved or created millions while the UE goes up, he's a great man that created jobs.

    But when a republican does it, he's a liar.


    You can cut the hypocracy with the irony.
     
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