Friday, August 22, 2014

Texas' Economic Juggernaut Continues to Dominate California


"Vengeance is Mine, and recompense;
Their foot shall slip in due time;
For the day of their calamity is at hand,
And the things to come hasten upon them."
Deuteronomy 32:35

Living well is the best...something....something:
The real action in Texas Tuesday wasn’t the klieg lights on Texas Governor Rick Perry being booked after vetoing funding for Travis County’s District Attorney and YouTube sensation Rosemary Lehmberg, it was that Texas businesses have continued to add more than 1,000 jobs every day over the last 12 months. Despite leading the nation again with 46,600 in July, there was no big celebration in Texas. In the Friendship State, job creation is just business as usual.

But in California, officials were high fiving that Employment Development Department data “showed state's unemployment rate remained flat at 7.4%” last month and that they actually picked up 27,700 jobs in the latest BLS report.

The U.S. economy was hit hard in the Great Recession, but since December 2007, Texas has added 1,078,600 net new jobs versus California’s 69,400 net new jobs. That works out to a ratio of more than 15 new workers added to Texas State’s payrolls for every one worker added to California payrolls.
The Texas Model is alive and well; read the whole thing here.

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