Texas Rising September/October 2008

Texas Jobs Charge Ahead

Texas posted the highest over-the-year employment growth in the nation in January 2008. The Midland area experienced the lowest unemployment rate in the state at 2.9 percent. The number of sales tax permits issued each month can be an indicator of new business and economic growth. Permits issued in the state in February 2008 were up 5 percent from February 2006.


Texas Best for Business

Percentage of Respondents Ranking the State as Having the Most Favorable Business Climate

Texas
40.8%
North Carolina
30.4%
Georgia
20.4%
Tennessee
15.2%
Florida
15.2%
Nevada
14.1%

Recreation Drives Sales (2006)

ActivityRetail Sales (in billions) State and Local Tax Revenue (in millions)
Freshwater Fishing
$2.4
$277
Saltwater Fishing
$0.9
$102
Hunting
$2.6
$283
Wildlife Watching
$2.9
$276

Annual Employment Change by State

Jobs Added August 2008 through August 2008 (seasonally adjusted)

Texas
252,000
Washington
 
31,500
District of Columbia
 
21,900
South Dakota
 
7,300


Sources: U.S. Bureau of Labor Statistics, Development Counsellors International’s “Winning Strategies in Economic Development Marketing” survey and Texas Parks and Wildlife Department