TEXAS LEADS ECONOMIC RECOVERY

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Texas is leading the nation's current economic recovery with two months of positive annual employment growth after 16 months of job losses.

The state's annual employment growth rate was 0.9% from June 2009 to June 2010, compared with a negative national 0.1% rate. After 17 months of job losses, the state's private sector posted a positive annual 0.4% employment growth rate.

The state's seasonally adjusted unemployment rate rose to 8.2% in June 2010, up from 7.8% in June 2009. The U.S. rate was 9.5% in both June 2009 and 2010. The actual unemployment rate in June 2010 was 8.5%.

Six Texas industries - education and health services; mining and logging; professional and business services; leisure and hospitality; manufacturing; and transportation, warehousing, utilities - and the government sector had more jobs in June 2010 than in June 2009.


Source: RECON, July 23, 2010

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