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Texas is solely responsible for the +1.2M net US job increase?

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posted on Jan, 26 2015 @ 12:38 AM
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According to a graph made from BLS statistics, it appears that the net job increase in the U.S. since 2007 is due to the Texas economy.

Texas alone has had a very positive job growth since the meltdown.

The graph shows the rest of the U.S. combined has a negative job growth.

Hmmm.

Who gets credit for this miracle?

Texas, the ‘great American job machine,’ is solely responsible for the +1.2M net US job increase since 2007



The Texas Workforce Commission released state employment data today for the month of December, and job growth in the Lone Star State continues to lead, and in fact carry the nation’s improving labor market as the chart above shows. Here are some highlights of the December employment report for Texas:


It’s a pretty impressive story of how job creation in just one state – Texas – is solely responsible for the 1.169 million net increase in total US employment (+1,444,290 Texas jobs minus the 275,290 non-Texas job loss) in the seven year period between the start of the Great Recession in December 2007 and December 2014. The other 49 states and the District of Columbia together employ about 275,000 fewer Americans than at the start of the recession seven years ago, while the Lone Star State has added more than 1.25 million payroll jobs and more than 190,000 non-payroll jobs (primarily self-employed and farm workers).



Texas, the ‘great American job machine,’ is solely responsible for the +1.2M net US job increase since 2007





posted on Jan, 26 2015 @ 12:58 AM
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a reply to: xuenchen

This doesn't surprise me.

I've never had the chance to visit Texas personally, but Texas is alot like Germany, according to a couple from Dallas we once met: Proper work ethics, industry, education, and LOTS of MEAT for dinner.
(Yes - MEAT is important people!)



posted on Jan, 26 2015 @ 01:02 AM
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A lot of people are taking the advice of Davy Crockett...

"You may all go to hell and I will go to Texas."

Plenty of jobs, no state income tax, good cost of living, and the most beautiful women in the U.S.
edit on 1/26/2015 by Answer because: (no reason given)



posted on Jan, 26 2015 @ 01:11 AM
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a reply to: xuenchen
Texas is in the process of becoming the biggest loser of jobs.
Hitting hard and fast with the plunge in oil prices.



posted on Jan, 26 2015 @ 01:18 AM
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originally posted by: WanDash
a reply to: xuenchen
Texas is in the process of becoming the biggest loser of jobs.
Hitting hard and fast with the plunge in oil prices.



What part of the oil industry will get hit the hardest?



posted on Jan, 26 2015 @ 01:33 AM
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a reply to: WanDash


Texas is in the process of becoming the biggest loser of jobs. Hitting hard and fast with the plunge in oil prices.


If texas among others close down their oil industries then the Saudis have won . The positive side to that is when the Saudis have no oil left you will still have yours .
edit on 26-1-2015 by hutch622 because: (no reason given)



posted on Jan, 26 2015 @ 01:38 AM
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a reply to: xuenchen

I guarantee it's because the folk in Texas despise Obama and his socialist handouts, yet the rest of the lazy ass country is following the nanny plan and collecting "free" fed cash. They're also helping to destroy America while they become dependant on the nanny teat. Sad sad world of sheep we live in.



posted on Jan, 26 2015 @ 01:40 AM
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Goooooo TEXAS!!!

The current administration could learn a thing or two from Perry.

Oh yeah I went there.

The stars are big, and bright!

Deep in da heart of TEXAS!


edit on 26-1-2015 by neo96 because: (no reason given)



posted on Jan, 26 2015 @ 01:53 AM
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a reply to: xuenchen

This is primarily due to the oil fracking industry which has taken off since 2008. However it's about to go bust and so is our economy. Thanks a lot OPEC and Russia.



posted on Jan, 26 2015 @ 02:16 AM
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originally posted by: ColCurious
a reply to: xuenchen

This doesn't surprise me.

I've never had the chance to visit Texas personally, but Texas is alot like Germany, according to a couple from Dallas we once met: Proper work ethics, industry, education, and LOTS of MEAT for dinner.
(Yes - MEAT is important people!)


The meat down here in "the great state of Texas" says Texas beef etc...

I am a transplant....yes they are proud BTW...well very proud!



posted on Jan, 26 2015 @ 02:25 AM
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originally posted by: neo96
Goooooo TEXAS!!!

The current administration could learn a thing or two from Perry.

Oh yeah I went there.

The stars are big, and bright!

Deep in da heart of TEXAS!



They are very proud....

Only state in the country where the state(Texas) flag flies higher than the american flag.....yes once again they are quite proud....

Indiana and Texas have a lot in common.

Both hold individual and property rights above federal rights at every turn....

The weather is better in texas during the winter...but the job market us similar.

Nice folks...pleasant culture....proud defiant demeanor..... My kind of folks really....the local PD introduced me to tannerite.....this #e is the bomb...no really it is a bomb...YouTube it!


Perfectly legal as well....good times!!!
edit on 26-1-2015 by infinityorder because: (no reason given)



posted on Jan, 26 2015 @ 02:38 AM
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Jobs are plentiful in Houston and Dallas and pay well. The oil industry is booming due to fracking across the country and all of the refineries in Houston are getting more business than ever. We have high property taxes here but compared to the rest of the country its pretty cheap here and our state does not have state income tax. We also don't tax you into oblivion like they do in California or New England, Chicago and pretty much everywhere else. So people are coming here in droves. Oil is booming MIdland and Odessa don't have enough workers. The job market around the country sucks, and the governments of those states tax you to hell. So that's whats going on here. Tons of jobs in Houston. Austin is more of a computer software based city so IT people should go there, but the companies there don't pay as well as Houston firms and because its pretty property tax there is really high. I moved back to Houston for a better job from Austin and I'm making double hourly what I made there. Petroleum jobs pay, plenty of plant work for people with and without degrees. If you need a job you will find one in Houston for sure.



posted on Jan, 26 2015 @ 02:43 AM
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The oil industry is NOT going BUST. America has tons of reserves were not even drilling on. Everything is made from oil. Don't believe the propaganda. Oil will ALWAYS be around, even when we find another power source. Everything has oil in it. But the jobs here aren't just oil, companies move here because of the low corporate taxes, Google, Amazon, Apple, AMD Samsung, everyone is coming here because of low TAXES. FYI.



posted on Jan, 26 2015 @ 02:47 AM
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And the weather is awesome here sunny year round mostly, only three cold rainy months dec thru feb. Our beaches are crappy due to the missisippi dumping silt in our water so It's not as pretty on the water as Florida. Our state is so big we have everything from mountains, thick forest, desert, and plains. It is like a whole other country.



posted on Jan, 26 2015 @ 02:51 AM
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Our state is pretty rough on crime too we kill off our hardcore offenders and we are allowed to carry concealed weapons. And we empathize with the victims more than the criminals here. Shouldn't everyone? And we also make our sex offenders register so you know where they live so you can watch out for your kids.



posted on Jan, 26 2015 @ 04:08 AM
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originally posted by: WanDash
a reply to: xuenchen
Texas is in the process of becoming the biggest loser of jobs.
Hitting hard and fast with the plunge in oil prices.


And there goes the economic 'recovery'.



posted on Jan, 26 2015 @ 08:40 AM
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where i am, we are stil booming. But that will stop. And service folks (who service in the field) are being laid off. Welders got it the worst so far.

Drillers...if they aren't parked already they are thanking their lucky stars.

Natural gas....itll keep booming. The amount of gas that comes from the new fields exceeds the ability to capture/refine. You can see the fires on the horizon from the gas burn off being done. But West Texas Gas is still hiring, and still building, and will be doing so for quite awhile.

Without oil, the nation has no jobs to speak of. And that chart shows why i have been saying (until now): get to West Texas. You will be hired the day you arrive, making over $20 an hour. Now that the boom is dying, that isn't really true anymore. But the chance was there.



posted on Jan, 26 2015 @ 09:39 AM
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a reply to: xuenchen
The area where I live, which has boasted the highest employment, lowest unemployment, population growth, and probably per capita income...is entirely dependent on oil.
Out of 100 people living almost anywhere else, you might find one that would choose to locate/relocate here.
When oil prices drop - exploration, development, reworking, etc...comes to a halt. The only ones not affected (or, affected minimally) are the big oil companies.
No-one is going to spend $6-$8 Million to drill (& frac') a well, when they can't make money even if it's a good well.
They will (and have) shut-in many natural gas wells - hoping for an upswing in Natural Gas prices.
They will simply cut their losses/expenditures on the many over-priced leases - and try to find a way of either getting pennies on the dollar for them, or letting them expire on their own terms.
Sorry for the lengthy response - but - in short - the industry-side that generated the glut in "New Jobs" is being hit hard.
When I first arrived, here (10 years ago) - I was told that "Operators" (companies that operate the wells & produce & sell the petro-products therefrom) cannot make a profit when the market price of Oil drops below $66/barrel.
More recently, that price had risen to $81-$83/barrel.
Today's Spot Crude Oil Price, for West Texas Intermediate Crude is in the mid $40's/barrel.
I was in an office of 15 (+/-) for the last couple of years... 2 weeks before year's end, we were notified that the gig was up...and our client is one of the biggest producers in the state.



posted on Jan, 26 2015 @ 09:42 AM
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a reply to: bigfatfurrytexan

You forgot the No Worms part, but I suppose that always works itself out on a rig.



posted on Jan, 26 2015 @ 09:48 AM
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originally posted by: hutch622
...If texas among others close down their oil industries then the Saudis have won . The positive side to that is when the Saudis have no oil left you will still have yours .

I agree.
I wonder if "Energy Independence (from OPEC)" was ever actually on the table.




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