Carpe Diem

Economic fact of the day: Texas is country’s top job creator

Since the recession ended in June 2009, the U.S. economy has added 3,252,000 payroll jobs, and 601,800 of those jobs have been created in just one state – Texas.  With only a little more than 8% of the U.S. population, Texas has created 18.5% of the nation’s payroll jobs since June 2009.

14 thoughts on “Economic fact of the day: Texas is country’s top job creator

  1. This is going to get very interesting. In Florida there’s already an influx of tax refugees from the Northeast. I wonder if Texas is going to pick up tax refugees from California.

    • It already is. The trouble is that many refugees from California are not that bright. Having soiled their nest with leftist policies, they immediately agitate and vote to recreate the same nightmare in their newly adopted states. The native residents of these states, for obvious reasons, call this “Californication”.

      • Yeah, I don’t know what that is. South Americans tend to vote for the same crap that drove them out of their respective countries and Florida is getting more purple as a result of the fools from the Northeast voting for the same policies that drove them South in the first place. It’s amazing.

  2. “From June 2009 to September 2012, America gained some 2.59 million jobs. That weak recovery was the basis for the Obama re-election campaign. But as it turns out, virtually all of that job creation happened in states that are right-to-work – states in which no industry can force people to join a union in order to work. There are 22 right-to-work states. During that period, those states saw an increase in employment of 1.86 million. That means, according to the National Institute for Labor Relations Research, that “Right to Work states … were responsible for 72% of all net household job growth across the US from June 2009 through September 2012.”

    That 72% statistic is all the more stunning when you realize that according to 2010 census numbers, the right-to-work states included in this calculation — which does not include Indiana, since it just went right-to-work — represent just under 40% of the population of the country. Right-to-work states disproportionately create jobs …” — Breitbart

  3. methinks-

    i can tell you that park city is getting them. i know several realtors here and all have said that the volume of inbound inquiries from Californians has soared since the election (likely in response to prop 30).

  4. Tom Gray and Robert Scardamalia point out that California has been losing population to other states for two decades:

    “Since 1990, domestic migration to California has flipped to a deficit. In the last two decades, the state lost nearly 3.4 million residents through migration to other states. In other words, it lost about four-fifths of what it had gained through domestic migration in the previous 30 years. Foreign immigration filled the gap only partially. Inflows from overseas peaked at 291,191 in 2002 and sank to just 164,445 in 2011. Meanwhile, net domestic out-migration has averaged 225,000 a year over the past ten years.”

    http://www.manhattan-institute.org/html/cr_71.htm

  5. California has obviously reached the “Progressive (sic) Tipping Point”, so they really aren’t competition for Texas. We can’t be bothered to even think about ‘em anymore (we got work to do), except maybe as a Cautionary Tale, or perhaps when Moonbeam inevitably goes begging to Congress ’cause they can’t afford their “habits”).

    The REAL competition (at least until the financial industry wakes-up to their overhead costs, likely starting next year) is New York State.

    Here’s how we’re doing w/r/t congressional seats since 1960:

    Census NY TX Total NY+TX
    1960 41 23 64
    1970 39 24 63
    1980 34 27 61
    1990 31 30 61
    2000 29 32 61
    2010 27 36 63

    Wow. Not even DeNiro (and adverts bragging about Fulton’s Folly!) could turn around THAT loss of “Empire”.

    I had an Micro Econ professor who lectured on “life choices” (e.g. private vs. public employ, emigration vs. staying put). I’m real glad MY life choice was moving to Texas >30 years ago.

    God Bless Texas, and all y’all Fruits & Nuts just stay where you are. Remember, THE CLIMATE is GREAT in Cali.

    • Reynolds,

      I agree that New York has lost population while California has not. But population wasn’t the metric Mark was writing about.

      Both California and New York have lost jobs directly to Texas. Corporate and operational headquarters have relocated to Texas. High tech factories and research centers that would have gone to California have instead been built near Austin. Engineering giant Fluor moved to Irving, Tx, recently. Toyota picked San Antonio over Fremont, Ca, for a recent plant expansion.

      Population is a poor measure for the economic health of California. Over 25% of California’s population was foreign-born, and at least a million more are the children of those immigrants. Do you really believe all those immigrants from Mexico and the Phillipines are adding much to California economy?

  6. Larry G: “California – is growing also”

    Well, it depends on what period you are looking at. Mark was referring to growth during the recovery. Yes, California’s GDP grew slightly in 2011. But if you look at the change in real GDP since 2008, you get a different picture:

    Growth in real GDP, 2008 to 2011
    Ten Largest States (by GDP)

    California …… – 1.18%
    Texas ………. + 6.76%
    New York ….. + 2.93%
    Florida ……… – 4.11%
    Illinois ……… + 0.24%
    Pennsylvania + 0.44%
    New Jersey .. – 3.85%
    Ohio ……….. – 2.61%
    N Carolina … + 1.91%
    Virginia ……. + 2.54%

    Source: Bureau of Economic Analysis, U.S. Dept of Commerce

    • re: growth since 2008. That’s impressive given the overall economy during that time period.

      but I do not think California is on a down spiral..they have too many basic Geographic advantages.

      On ports alone – California wins hands down over Texas.
      On oil…not so much.. :-)

      What would be interesting to me is to see where economic growth occurred in Texas since it’s a large diverse geography.

      • You are correct, Larry. Texas is large and diverse. Petroleum-related industry is certainly the largest segment. But the state’s auto production and high technology industries have grown. Texas is home to two of the nation’s four largest airlines. Finance and insurance represents almost 10% of Texas’s GDP, as does health services.

        I disagree with your assessment of California’s economy. Although the state’s geographic advantages will always enable the transportation and agriculture sectors, I’m not so sure other industries can withstand the coming tax hit.

      • larry: “What would be interesting to me is to see where economic growth occurred in Texas since it’s a large diverse geography.”

        It’s not interesting enough to me to go research the BEA tables for you. Please do so if you wish.

        I can tell you that these were the largest contributors to Texas’s 3.3% GDP growth in 2011:

        Durable Goods mfg ……………. +0.72%
        Mining ………………………….. +0.64%
        Professional/technical svcs …. +0.45%
        Wholesale trade ………………. +0.41%
        Health care ……………………. +0.25%
        Finance and insurance ………. +0.24%
        All other ……………………….. +0.59%

        Total …………………………… +3.30%

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