Texas Leads Five Year Job Growth

Texas added 537,500 non-farm jobs between June 2006 and June 2011, according to a recent story in the Austin Business Journal quoted data from the U.S. Bureau of Labor Statistics. The second best state, Louisiana, added just 55,900.

TEXAS OUTHIRES THEM ALL

Out of all 50 states and the District of Columbia, only 10 states showed positive net job growth over the last five years. By way of comparison, Texas added 2.5 times more jobs than the other net positive states…COMBINED

The nine states added a net total of 195,000 jobs since June 2006, with North Dakota in third with 41,700.

To see the complete rankings, please click here.

THE OTHER END OF THE LIST

To quickly understand why the nation is in a mess, a look at the bottom of the rankings is a clear explanation. California suffered the most job losses from June 2006 to June 2011, losing 1,009,400 paid positions. California alone negates the combined gains of the ten states with net job growth. More telling, Florida, ranked just a step above California, also lost more jobs than the gains of the top ten, shedding 761,500 jobs in the period.

It becomes clear how deep a hole the nation is in with respect to employment and how shielded Texas has become to it all. Recent job announcements point to more growth and more relocation into our state, bringing even more jobs.

For the complete story, please click here.

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About missionmortgage

A full-service professional mortgage banker providing lending in Texas for over 25 years. Our main office is located at 901 S. Mopac Expwy, Barton Oaks V- Suite 120, Austin, TX 78746 with branches in Lakeway, Houston, and Sealy. Mission Mortgage has been ranked as a Top 10 Mortgage Company in Austin for the past 7 years (Austin Business Journal).
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