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Willisms

« Trivia Tidbit of the Day: Part 520 -- Economic Freedom Retreating. | WILLisms.com | Follow WILLisms.com on Twitter... »

Trivia Tidbit of the Day: Part 521 -- The Jobs Picture in Texas & America.

Texas the only state to add statistically significant number of jobs in 2008-

The Bureau of Labor Statistics tells the state employment story this morning (.pdf):

Regional and state unemployment rates were universally higher in December. All 50 states and the District of Columbia recorded both over-the-month and over-the-year unemployment rate increases, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The national unemployment rate rose from 6.8 to 7.2 percent in December and was up by 2.3 percentage points from a year earlier.

It's not rosy. Every single state saw its unemployment rate climb in December. Only Louisiana and Washington, DC added net jobs, and those numbers were only 3700 and 100, respectively. Oklahoma was the only state that did not add or lose jobs. All 48 other states lost jobs in December, some more than others.

For the year 2008, only 8 states (plus Washington, DC) added net jobs, while 42 states lost them. Twenty states had minor changes one way or the other (.pdf):

Over the year, 30 states reported statistically significant changes in employment with only 1 of those being an increase. The only statistically significant increase was recorded in Texas (+153,700).

So, in 2008, Texas added more than 150 thousand jobs. California, by contrast, shed more than 250 thousand.

Looking strictly at private sector jobs, the chasm gets even more pronounced. Some states have bolstered their job numbers through government jobs, while Texas' job growth has been almost entirely in the private sector.

december2007todecember2008.gif

The national recession's waves have certainly rippled onto Texas' shores, but our resiliency thus far should prove to the world that low taxes and tort reform matter. Freeing up your economy matters.

-------------------------------------

Previous Trivia Tidbit: Economic Freedom Retreating.

Posted by Will Franklin · 27 January 2009 03:53 PM

Comments

You put a lot of work into this. It was very informative. : ) I think that we should have more Freedom from corruption.

Posted by: Carly F at January 27, 2009 07:15 PM

You put a lot of work into this. It was very informative. : ) I think that we should have more Freedom from corruption.

Posted by: Carly F at January 27, 2009 07:15 PM

Carly, Unfortunately with the onset of our new President Obama and his so call "Stimulus" Package", corruption will run ramped. Govt picking the pockets of the hard working people to this extent encourages corruption. Obama's stimulus package will only stimulate Socialism not the economy.

Posted by: ZsaZsa at January 28, 2009 05:55 AM

It's also interesting that corruption has gone up two straight years after the Democrats took over Congress.

Posted by: Will Franklin at January 28, 2009 11:27 AM

What is interesting is how Barney Frank and his Fannie Mae lover, Maxine Waters, and Chris Dodd etc... are all still in DC.??? They should have been ran out of town! Corruption at it's best. As usual the Liberal Dems and the liberal MSM don't feel it necessary to place blame where it truly belongs. It is easier to blame GW Bush because he was President when this house of cards collapsed. Accountability is not the Dems strong point.

Posted by: ZsaZsa at January 28, 2009 02:03 PM

God bless Texas! Maybe the other states should take a look at why things are working for Texas-- and it isn't just about energy jobs.

Posted by: obladioblada at January 28, 2009 04:15 PM