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Willisms

« Trivia Tidbit of the Day: Part 577 -- Congress Ruins America. | WILLisms.com | Trivia Tidbit of the Day: Part 579 -- America's Military & Texas' Contribution. »

Trivia Tidbit of the Day: Part 578 -- Job Losses In America.

Some States Are More Equal Than Others-

More than 4 million jobs have now been lost in the United States since February of 2008. Those losses are not evenly divided:

jobslosses.gif

Texas is by no means immune to this downturn. We could easily hit 8% unemployment in Texas before things turn around, but if we're at 8%, the nation will be at 10 or 11%. Possibly even 12 or 13%, with 15% in some states.

Right now, though, Texas has an unemployment rate in the mid-6% range, while the nation has a rate in the mid-8% range. A pretty big difference when you're talking about the vitality of an economy and the ability for people to make a living and feed their families.

Forbes magazine lists the top 10 large, top 10 medium, and top 10 small cities for jobs, and Texas accounts for 12 of the 30, as well as a staggering 5 of the top 5 large cities.

The top of the complete ranking--which, for ease, we have broken down into the two smaller lists, of the best big and small cities for jobs--is dominated by one state: Texas. The Lone Star State may have lost a powerful advocate in Washington, but it's home to a remarkable eight of the top 20 cities on our list--including No. 1-ranked Odessa, a small city in the state's northwestern region. Further, the top five large metropolitan areas for job growth--Austin, Houston, San Antonio, Ft. Worth and Dallas--are all in Texas' "urban triangle."

Texas has been doing a lot of things right over the past few years, while other states and Washington, DC have been busy trying to mess things up as badly as possible.

Rick Perry and former Speaker Tom Craddick both deserve more than a mere smidgen or two of credit for perpetuating a climate where people and capital want to flow. Texas still needs to look at deeper and broader tax cuts and additional tort reform, but compared to most other states, Texas is fiscal and economic nirvana.

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Previous Trivia Tidbit: Congress Constantly Ruins America.

Posted by Will Franklin · 22 April 2009 10:11 AM

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