| Texas Has Largest 10-Year Growth in Private Sector Jobs Among All States |
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| by the Texas Workforce Commission | Tue, Jan 26, 2010, 01:02 PM |
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Texas Workforce Commission Chairman Tom Pauken today released figures showing that Texas created more private sector jobs than any other state in the nation over the last 10 years and has the lowest unemployment rate among the 10 largest states in the nation. Pauken cited the U.S. Department of Labor Bureau of Labor Statistics January 22, 2010 release of Current Employment Statistics for December 2009 showing Texas created 724,300 more net private sector jobs as compared to December 1999, the largest private sector job gain nationwide over the last decade. Pauken also noted that among the 10 largest states as ranked by civilian labor force size, Texas was well ahead of all other large states in private sector job growth with a percentage net gain of 9.30 percent as compared to December 1999. Florida was the only other large state to realize a net gain in private sector employment over the same period with 259,500 net jobs gained for a percentage net gain of 4.31 percent from December 1999 to December 2009. The other 8 large states showed a net loss of private sector jobs over the same period. Nationally, over the last decade, the private sector experienced a net employment loss of 1.408 percent or 1,549,000 jobs lost. “While these are obviously difficult economic times even in Texas, it is important to recognize what happens when a state has economic policies which encourage private sector job creation,” said Pauken. “While the rest of the nation has only seen net growth in government jobs, Texas’ business, tax, and economic policies have created an environment where businesses can succeed and create the jobs that will allow Texas to lead our nation out of this national recession.” For December, Texas showed the lowest overall seasonally-adjusted unemployment rate of large states at 8.3 percent, compared to 10 percent nationally. Comparing the other of the two largest states, California’s seasonally adjusted unemployment rate was over four percentage points higher than Texas at 12.4 percent. Over the last decade, California saw a net decline in private sector employment of 2.72 percent. “When Texas faced declining revenues in 2003, Gov. Perry and the Legislature cut spending rather than raise taxes or run massive government deficits to finance government growth as they did in Washington and in states like California,” said Pauken. “Our nation cannot continue to spend its way out of the recession by incurring ever increasing amounts of government debt. The debt bubble is already hurting our nation’s efforts to grow private sector jobs and decrease unemployment. That’s why states with large amounts of debt like California are performing markedly worse than low debt states like Texas in both unemployment and private sector job creation.” Pauken concluded, “For more than a year now I have been warning that Washington policymakers have failed to develop an economic policy designed to encourage capital investment and private sector job creation here in the United States. We need to act quickly in order to avoid a jobless recovery. Let’s put Americans back to work.” Link here to full press release.
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written by Rufuslevin , January 27, 2010 What does this say about putting a Washington DC politician into the governor's office??? Is Kay Bailey Hutchinson a RATIONAL choice...(as opposed to a political choice by the powers and money brokers)??? Perry may be somewhat of a jerk, but our state is holding up pretty well, compared with the rest of the nation. We DO NOT NEED Washinton DC mentality nor power brokers messing with our legislation and administration. Think really hard, voters, PLEASE....encourage Medina to stay the course...and make KBH explain why SHE is better than Mediana...not better than PERRY. Some answers, not some BS.
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written by John Weekley , January 27, 2010 In 1967, then Congressman George H.W. Bush, also President of Zapata Offshore Drilling Company, invited me and others to go to Washington and testify before a Congressional Committee looking into Social Security. The testimony he was wanting was in support of putting Social Security on a sound actuarial basis, or else face disaster when Baby Boomers starting retiring. Democrats, and even some Republicans, ignored the consequences. So, against the backdrop of one of the worst economic disasters handed to us from Washington, Tom Pauken, Gov. Perry, and a few others have used our state's many advantages to keep Texas in the forefront of industrial and commercial inducement. This is a staggering statistic; but it is true. In 2008, Texas created about 70% of all the new jobs in the United States - no thanks to Washington. Since Jimmy Carter was in office, and accelerated on steroids by President Clinton, government has been forcing banks to lend money to people who could not repay it, and grant mortgages to people who could not afford them. I'm curious who, with a high school course in Math or Economics behind them, thought this was a good idea. Government created a mortgage bubble, and then had the audacity to try and blame the crisis on the private sector . There is plenty of blame to go around for Republicans and Democrats in Washington and elsewhere. But, here in Texas, we have enjoyed much better economic fortunes than most of the country, even though we've been hit by the same economic downturn. I hope the President will take a page from Texas, and recognize that just behind national security, jobs and the financial health of families they influence is Job One! Thanks to Tom, The Texas Workforce Commission, Gov. Perry, and years of business leadership in the Texas Legislature, we're still ahead of the game, and the best place in the country for business and jobs. Write comment
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