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Willisms

« Trivia Tidbit of the Day: Part 845 -- Tax Hikes A-Comin' Our Way. | WILLisms.com | Trivia Tidbit of the Day: Part 847 -- Our Broken Federal Fund Dispersal System. »

Trivia Tidbit of the Day: Part 846 -- Only Four Of Twelve Federal Reserve Districts Have Had Job Growth Since January 2001.

2001-2010 Job Growth, Or Lack Thereof-

The Dallas Federal Reserve district includes all of Texas, plus parts of Louisiana and New Mexico. Since 2001, it has far outpaced the rest of the nation's other 11 Fed districts:

feddistricts.gif

Every district is down from the peaks of a couple years ago, but only the Richmond, Minneapolis, Kansas City and Dallas Fed districts have experienced employment any growth over this period whatsoever.

The Dallas Fed district is up (in thousands) from 10,112.5 to 10,997.9 (+885.4, or 8.76%) over this period.

The Richmond Fed district is up from 13,105.6 to 13,326.0 (+220.4, or 1.68%) over this period.

The Minneapolis Fed district is up from 4307.6 to 4339.6 (+30.0, or 0.7%) over this period.

The Kansas City Fed district is up from 7628.0 to 7693.3 (+65.3, or 0.86%) over this period.

All eight others are down since 2001.

Indeed, comparing Texas' job growth during the zeros/aughts/ohs (or whatever the last decade was called) to every other state's job growth or lack thereof, the comparison is stark:

texasleadsanditisnotevenclose.gif

From 2005-2010, among the 100 largest metros in America, only 16 added private-sector jobs. 84 shed jobs. All 6 in Texas gained over this five year period.

From 2005-10, Texas cities rank 1st, 2nd, 3rd, 4th, 6th, and 11th in America for raw private-sector job growth.

10 states plus Washington, D.C. created any net private-sector jobs whatsoever from 2005-10. 40 states lost them. Texas gained more than all other adders combined, multiplied by four.

Since 2005, California has lost average of 520 private-sector jobs per day (-950,300 total). Texas has gained 260 per day (+474,400 total).

These ridiculous numbers don't mean that Texas is immune to the nation's deep and prolonged downturn, but it doesn't it mean that maybe Texas had something right, and Obama's one-size-fits-all prescription for the nation just isn't right.

Washington, D.C., Obamanomics, Congress in general-- they are all broken and need to be rendered as insignificant in our daily lives as possible.

Governors-- good ones like Rick Perry and Chris Christie-- competing, innovating, and reforming in their various states will bring this country back:

Remember November.

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

Previous Trivia Tidbit: Laffer Curve, Visualized.

Posted by Will Franklin · 3 August 2010 10:18 AM

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