Texas Economy Outpacing U.S Recovery

by CoyDavidson on April 19, 2011

The Texas economy continued to outperform the U.S. economy, gaining 237,900 jobs from March 2010 to March 2011, an annual growth rate of 2.3 percent. The state’s private sector also exceeded U.S. figures, posting annual employment growth rate of 2.7% compared with 1.6 percent for the U.S. private sector from March 2010 to March 2011, according to the Monthly Review of the Texas Economy from the Real Estate Center at Texas A&M.

In March non-farm payroll employment increased in 38 states and decreased in 12 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. The largest over-the-month increases in employment occurred in Texas (+37,200), Missouri (+24,300), Florida (+22,600), North Carolina (+13,900), and Oklahoma (+13,200). Over the year, non-farm employment increased in 47 states and the District of Columbia and decreased in 3 states. The largest over-the-year percentage increase occurred in North Dakota (+4.2 percent), followed by Vermont (+2.8 percent) and Alaska and Texas (+2.4 percent each). The largest over-the-year percentage decrease in employment occurred in Kansas (-0.5 percent), followed by New Jersey and New Mexico (less than -0.1 percent each).

Non-Farm Employment Growth Rates for Texas & U.S.

Sources: Texas Workforce Commission & the Real Estate Center @ Texas A&M

Previous post:

Next post:

Disclaimer: All blog entries on this site are the opinion of the author and not those of either Colliers International - Houston or Colliers International (collectively, "Colliers"). Colliers neither endorses, sponsors nor necessary shares the opinions of the author, regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers. Colliers has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers. Colliers is not responsible for the monitoring or filtering of any blog, nor does Colliers claim ownership or control over any blog content.