AUSTIN – Today the Bureau of Labor Statistics released the regional and state employment and unemployment report that provides state-level labor market data for August 2014. The Texas Public Policy Foundation’s Center for Fiscal Policy Economist Dr. Vance Ginn issued the following statement.
“Texas’ job engine keeps humming along helping more Texans achieve prosperity. The 20,100 net nonfarm jobs created last month bring the 12-month total to almost 400,000, by far the highest amount in the nation.
“Being the second largest state in economic and population terms, the 3.5 percent annual job growth rate is impressive because it is the highest rate compared with other large states and is nearly double the national rate. This rapid increase in job growth has helped keep Texas’ unemployment rate at or below the national average for 92 consecutive months.
“The Texas miracle of robust job creation is a remarkable feat that has served Texans well during this recovery relative to the many who have been left behind across too much of the nation. By promoting limited government policies that promote liberty, free enterprise, and individual responsibility, Texas will continue to pull more people out of poverty and into prosperity and be a beacon of hope and opportunity for all Americans.”
Vance Ginn, Ph.D. is an Economist in the Center for Fiscal Policy at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin.
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