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

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