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Are You Exploring Texas?

By
Real Estate Agent with All City Real Estate 486174

 

Did you know that Texas was responsible for 19.4 percent of the total jobs created nationwide from September 2010 to September 2011, according to the Real Estate Center's latest Monthly Review of the Texas Economy?

Texas posted a gain 248,800 nonfarm jobs during the period, which equates to an annual growth rate of 2.4 percent compared with 1.1 percent for the United States.

The state’s private sector added 281,400 jobs, an annual growth rate of 3.3 percent compared with 1.7 percent for the nation’s private sector.

All industries except the information industry and the state’s government sector added more jobs in September 2011 than in September 2010. The state’s mining and logging industry ranked first in job creation, followed by construction and the professional and business services industry.

All Texas metro areas except Abilene, Wichita Falls and Killeen-Temple-Fort Hood had more jobs in September 2011 than in September 2010. Victoria ranked first in job creation, followed by Corpus Christi, Laredo, Odessa and College Station-Bryan.

I just saw a video from RISMedia mentioning Waco and Midland as bright recovery spots.  Both of these Texas towns are pretty small and less talked about compared to the BIG 4 – Houston, Dallas, Austin and San Antonio -- The Texaplex as creator, David Winans calls it. By the way, if you have not seen the video, watch it.  It’s worth every 7 minutes.

The state’s actual unemployment rate in September 2011 was 8.4 percent. Midland had the lowest rate followed by Amarillo, Odessa, College Station-Bryan and Lubbock.

The report was written by Research Economist Dr. Ali Anari and Chief Economist Dr. Mark Dotzour.

Mary Ann Daniell Realtor
Coldwell Banker United, Realtors - Subsidiary of NRT LLC - Killeen, TX
Delivering Successful Results Since 1999

Great article.  I really admire Mark Dotzour and go hear him speak any time I can.   Great insights into what is going on in the Texas economy.

Oct 26, 2011 10:31 AM
Anne Edwards Johnson
All City Real Estate - Austin, TX
Austin Realtor | HookemhomesATX (512)917-5260

Mary Ann - thank you for stopping by and commenting.  Dotzour and his staff are amazing.  He tells it like it is in Texas.

Oct 26, 2011 12:16 PM
Cathy Criado
Criado Realty - San Antonio, TX
Making Real Estate Profitable

Post this in the Texas Rocks group and I'll feature it.  Nicely done and said!

 

Nov 11, 2011 06:35 AM