AUSTIN – While the nation’s job growth has limped along since the economic recovery began two years ago, the Lone Star State is enlarging payrolls in Texas-sized fashion, USA Today<http://webmedia.newseum.org/newseum-multimedia/dfp/pdf26/USAT.pdf> reports.
“From June 2009 to June 2011 the state added 262,000 jobs, or half the USA’s 524,000 payroll gains, according to the Federal Reserve Bank of Dallas and the Bureau of Labor Statistics,” the article said.
The article notes that recent job gains are outpacing the rate of Texas’ population growth, with the state’s payrolls rising 2.9 percent since the economic recovery began, while the nation experienced 0.4 percent growth. The article also notes that while energy plays an important part in Texas’ economy, growth has been broadly based across several sectors, including professional and business services, education and health care and leisure and hospitality.
The article also credits Texas’ strong exports, relatively stable housing market, and business recruitment efforts with helping boost the state’s economy.
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