Texas' economy continued to outperform the U.S. economy
Posted by Admin SATXProperty on Saturday, July 16th, 2011 at 11:36pm.
Monthly Review of Texas Economy
by Ali Anari and Mark G. Dotzour
Texas' economy continued to outperform the U.S. economy, gaining 237,900 jobs from March 2010 to March 2011, an annual growth rate of 2.3 percent. Over the same period, U.S. nonfarm employment rose 1 percent. The state's private sector also exceeded U.S. figures, posting an annual employment growth rate of 2.7 percent compared with 1.6 percent for the U.S. private sector from March 2010 to March 2011.
From March 2010 to March 2011, Texas gained 237,900 jobs, an annual growth rate of 2.3 percent. Over the same period, U.S. nonfarm employment rose 1 percent.
The state’s private sector also exceeded U.S. figures, posting an annual employment growth rate of 2.7 percent compared with 1.6 percent for the U.S. private sector.
The state’s seasonally adjusted unemployment rate fell from 8.2 percent to 8.1 percent. The nation’s rate decreased from 9.7 to 8.8 percent.
All Texas industries except financial activities and information industries had more jobs in March 2011 than in March 2010. All Texas metro areas, except Abilene, Brownsville-Harlingen and Laredo, had more jobs. Petroplex Odessa ranked first in job creation followed by Midland, Longview and Dallas-Plano-Irving.
The state’s actual unemployment rate in March 2011 was 8.1 percent. Midland had the lowest unemployment rate followed by Amarillo, College Station-Bryan, Lubbock and San Angelo.
Click Here for the complete report.
Please share your thoughts! Leave a blog comment below. You are invited to join in on a conversation with on-topic and thoughtful/meaningful comments or possibly as a guest blog contributor. The San Antonio Real Estate and South Texas Blog(SATXBlog) is my personal blog to share all kinds of thoughts and information. All comments and posts are reviewed, approved and may be edited or moderated. No Spam commenters. No web links within comments. Blatant self-promotion and advertising will not be tolerated.
P.S. If you are wanting to search online for San Antonio real estate, look no further. If you know anyone wanting to buy or sell San Antonio real estate let them know about me and my website.
Be the first to comment on this blog entry!