ICYMI… Austin American Statesman: ‘State Jobs Picture Moves Past Recovery into Expansion, Experts Say’

The Austin American Statesman recently released an article citing new jobs numbers from the Texas Workforce Commission and the Federal Reserve Bank of Dallas that show Texas' jobs market continues to see growth, moving beyond economic recovery and into economic expansion.

"Texas is one of a few states that have moved into positive jobs territory, according to a recent study by the Dallas Fed," the Statesman's Kirk Ladendorf wrote. "The seasonally adjusted jobless rate in Texas dropped to 7.1 percent in February, down from 7.3 percent the month before. The Texas Workforce Commission said it was the sixth straight month that the Texas unemployment rate had declined."

The Dallas Fed attributes the state's growth to growing energy and technology sectors in Houston and Austin. The nationwide unemployment rate is 8.3 percent.

Texas has consistently been ranked number one in job growth and business climate. According to USA Today, Texas has moved past New York as the nation's second largest economy, and the Wall Street Journal has credited the state's low taxes and employer-friendly environment with helping make Texas the job creation capital of the nation. Additionally, Texas consistently ranks among the top states for Fortune 500 headquarters.

http://www.statesman.com/business/state-jobs-picture-moves-past-recovery-into-expansion-2273098.html?cxtype=rss_ece_frontpage" target="_blank">Austin American Statesman article.

More information on Texas' economy and jobs market.