45% of the new jobs in the last two years were created in TEXAS

From the Wall Street Journal.

Excerpt:

Richard Fisher, the president of the Federal Reserve Bank of Dallas, dropped by our offices this week and relayed a remarkable fact: Some 37% of all net new American jobs since the recovery began were created in Texas. Mr. Fisher’s study is a lesson in what works in economic policy—and it is worth pondering in the current 1.8% growth moment.

Using Bureau of Labor Statistics (BLS) data, Dallas Fed economists looked at state-by-state employment changes since June 2009, when the recession ended. Texas added 265,300 net jobs, out of the 722,200 nationwide, and by far outpaced every other state. New York was second with 98,200, Pennsylvania added 93,000, and it falls off from there. Nine states created fewer than 10,000 jobs, while Maine, Hawaii, Delaware and Wyoming created fewer than 1,000. Eighteen states have lost jobs since the recovery began.

The data are even more notable because they’re calculated on a “sum of states” basis, which the BLS does not use because they can have sampling errors. Using straight nonfarm payroll employment, Texas accounts for 45% of net U.S. job creation. Modesty is not typically considered a Texas virtue, but the results speak for themselves.

Texas is also among the few states that are home to more jobs than when the recession began in December 2007. The others are North Dakota, Alaska and the District of Columbia. If that last one sounds like an outlier at first, remember the government boom of the Obama era, which has helped loft D.C. payrolls 18,000 jobs above the pre-crisis status quo. Even so, Texas is up 30,800…

Roger Kimball linked to that piece here, and he adds more to the story:

Yes, Texas: the state that is the poster child for right-wingery, the state with no state income tax whose population is growing at about 1000 per day (see a connection?) while bankrupt behemoths like California are bleeding jobs and people.

There are a handful of other places in the U.S. where job creation is rife.  One of them is Washington, D.C., where an exploding government bureaucracy has also led to the creation of many jobs.

Many public-sector, i.e., tax-payer-funded jobs, that is.  The jobs in Texas are overwhelmingly private-sector, i.e., wealth-creating jobs.

I mention this by way of introduction to my main point, which is to highlight something Texas Governor Rick Perry said in a recent speech in New Orleans. Addressing a friendly crowd, the governor urged listeners to “stop apologizing” for their efforts to overturn the “entitlement mindset.” “Stand up” and be counted, he advised: “Our opponents on the left are never going to like us, so let’s stop trying to curry favor with them.”

You can watch Perry’s speech here:

Maybe Governor Rick Perry should get into the race and turn the conversation towards job creation. However, I would not vote for Rick Perry because of his stance on illegal immigration.

3 thoughts on “45% of the new jobs in the last two years were created in TEXAS”

  1. I think you’re giving Perry too much credit. Granted, he seems to have resisted increasing taxes which is a great thing. But it’s not like he removed the state tax – it was non-existent before he took office. He inherited a great situation and he’s done a great job of staying out of the way, so for that kudos.

    But, I am getting tired of his incessant whining about needing help with wildfires. His state is in one of the worst droughts in recorded history and he’s letting the oil companies use up all of the water for fracking – which requires upwards of 13 millions gallons per well. If you don’t want to put out the fires yourself, then stop complaining to everyone else. Why should other states tax dollars have to support them if they’re doing so great…sounds a bit socialistic to me.

    Now all of that aside, I would probably vote for him for president.

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  2. I wouldn’t label “government jobs” to be true “job creation”. All that is is redistributing tax money to redundant idiots who create more sticky bureaucratic red tape.

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