![]() Political watchers wonder whether Perry will enter the 2012 presidential race, boasting of his jobs record, now that the Texas legislative session has closed.īut the Texas legislature, required by law to balance a budget created every two years, made significant cuts in education and other public services that may blemish the governor's record. The state has been able to diversify into other sectors, namely technology and financial services. The average price of regular gas was $2.35 in 2009, $2.78 in 2010 and is $3.56 so far this year, according to the U.S. One main reason contributing to the state's jobs is the oil and gas industries have boosted the state's economy as the price of oil has risen, Yucel said. It doesn't mean our skilled workers are getting lower wages."Īlthough a different data set from the Bureau of Labor Statistics show Texas may have contributed only 29.2 percent of total jobs in that time period, Yucel said both figures show Texas added a "disproportionate" share of jobs compared to other states. It's cheaper to do business here than quite a few other states," Mine Yucel, senior economist and vice president with the Federal Reserve Bank of Dallas, said. ![]() The national unemployment rate was 9.2 percent, compared with Texas at 8.2 percent.īut the factors contributing to the Lone Star State's job creation may have little to do with Perry, and its downside may not be fully realized, critics argue. In December 2008 alone, the country lost 524,000 jobs according to the Labor Department. Texas may have one of the few sweet spots when it comes to the sluggish recovery of jobs lost during the recession. job growth since the 1.5-year recession ended, according to the Federal Reserve Bank of Dallas and the Bureau of Labor Statistics. For the past two years, his state added half of the nation's 524,000 new payroll jobs, new data shows.įrom June 2009 to June 2011, Texas added 261,700 jobs, or 49.9 percent of U.S. ![]() Rick Perry may have even more political ammunition if he decides to run in the 2012 presidential race. ![]()
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