Texas has added 383,100 jobs in the past 12 month. The Texas Workforce Commission has announced that Texas job growth is largest in nearly 17 years.
Texas can attribute much of the growth to an environment friendly to job-creation — Texas has no state income tax and policymakers strive to enact policies which will not hamper innovation and job creation. The Lone Star State has enactd common-sense regulations and legal reforms and Texans value low taxes.
Texas employers from all 11 major industries in Texas expanded their payrolls in May. Of those, Education and Health Services expanded the most, adding 12,400 jobs. Mining and Logging posted the highest annual growth rate among the major industries at 7.4 percent.
Employment in Trade, Transportation, and Utilities expanded by 11,800 jobs over the month, for a total of 86,300 jobs added in the last 12 months.
• In May, Texas added more than 56,000 jobs;
Texas’ unemployment rate dropped to 5.1 percent; and
• All 11 major industries in Texas saw job growth.
Gov. Rick Perry took a well-deserved opportunity to crow about the Texas success story. The Governor’s press release described Texas’ job machine as firing on all cylinders.