Amid Solid Growth in Employment, Texas Seems Poised to Outperform the National Economy
Amid Solid Growth in Employment, Texas Seems Poised to Outperform the National Economy
By Neal Templin
Word Count: 966 | Companies Featured in This Article: Toyota Motor
Source: WSJ
DALLAS -- The state of Texas prides itself on leading the nation out of recessions.
That didn't happen last time. From 2001 through 2003, the state lost a total of 136,000 jobs, essentially mirroring the dismal performance of the overall U.S. economy.
Now, the Lone Star State is riding high again. Texas, the nation's third-largest state economy, created 293,000 net jobs last year, its highest total since 1998, according to an analysis by the Federal Reserve Bank of Dallas. The state's 3% job-growth rate was double that of the U.S. as a whole. And Dallas Fed economist Fiona Sigalla predicts ...