Texas job growth heats up in May

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Last year’s 383,100 net jobs added is the most in 17 years

AUSTIN – Today the U.S. Bureau of Labor Statistics released the regional and state employment report for May 2014. The Texas Public Policy Foundation’s Center for Fiscal Policy Economist Dr. Vance Ginn released this statement on another month of job growth in Texas:

“Today’s state employment report provides further evidence that the Texas model of limited government is the best path for prosperity. 56,400 net jobs were created in May across all 11 major industries in the Lone Star State, establishing itself well ahead of other states. Texas created a remarkable 383,100 jobs over the last year bringing the annual job creation rate up to 3.4 percent. This is the most jobs added over any twelve-month period in 17 years. Texas’ 5.1 percent unemployment rate remains well below the national average and continues to drop with a healthy business environment and pro-growth policies.

“This month’s job report illustrates the potential of the Texas economy, bred from sound, limited government policies, to spread to other states and Washington, D.C. allowing all Americans to prosper. States that deny these principles have consistently trailed in creating jobs and providing prosperity for their citizens. The Lone Star State will continue to lead the way as long as the Texas Legislature limits government spending, keeps taxes low, and provides a stable regulatory framework that allows Texans the freedom to choose their own future.”

 

Vance Ginn, Ph.D., is an Economist in the Center for Fiscal Policy at the Texas Public Policy Foundation.

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