Texas posts strong job gains in April

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348,000 net jobs were added over the last year and unemployment rate falls to 5.2 percent.

AUSTIN – Today the U.S. Bureau of Labor Statistics released the Regional and State Employment and Unemployment Summary for April 2014. The Texas Public Policy Foundation’s Center for Fiscal Policy released this statement today providing another example of thejob creation success of the Texas model. 

“The Lone Star State’s robust economy predicated on a foundation of low taxes and regulation, otherwise known as the Texas model, continues to provide men and women across this great state with plentiful job opportunities not found in many places across the U.S.,” said Dr. Vance Ginn, Economist in the Center for Fiscal Policy, “Texas added the most net jobs in the nation last month at 64,100—22 percent of all jobs added nationwide—and has added more jobs in the past year than any other state.

“The 3.1 percent annual job creation rate ranks near the top and has helped push the unemployment rate down by 1.2 percentage points over the last year to 5.2 percent—the lowest since September 2008. With eight of eleven major industries adding jobs last month, the Professional and Business Services sector that is typically known for well-paying jobs added a record 20,100 jobs in April. This report further solidifies the case that a limited government framework allowing unhampered market forces to work provides the necessary ingredients for everyone, including the neediest among us, to have the chance to flourish and reach toward their American dream.”

 

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

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