While the national economy is still struggling to recover, employers in Texas still have a strong, positive environment for creating jobs. Under Governor Perry’s leadership Texas has maintained a business-friendly climate of no income tax, low taxes, smart and fair regulations, and tort reform legislation to establish fair courts.
Looking at these just released numbers from the Texas Workforce Commission provides some strong evidence. In October, Texas’ private sector recorded a strong annual growth rate of 2.9 percent, and Texas’ unemployment rate fell to 6.2 percent, down from 6.3 percent in September and 6.5 percent in July. Texas’ unemployment remains well below the national October unemployment rate of 7.3 percent.
Adding 267,400 jobs this year alone, Texas was home to an estimated 11,232,700 nonfarm jobs. Texas added an estimated 7,400 positions in October following an increase of 36,400 jobs in September, a total of 43,800 jobs added over the last two months.
The Texas economy continues to move forward, with every major industry showing positive growth over the last year. Texas' future continues to look bright.
"It was great working with our British friends to welcome F1 racing back to Austin and the Circuit of the Americas for the second annual U.S. Grand Prix. F1 racing is a natural fit for us in Texas – we do things big and our passion for sports runs deep. And since F1 is the most-watched annual television sport around the globe, Texas put on another great race for all the world to see." - Governor Rick Perry
Friday marked the end of a historic and very productive trip to London and Israel for Governor Perry. The trip provided him a chance to talk about Texas’ world class economic climate, start the dialogue with companies who are looking to expand or move overseas, and join with President Peres, Israel's Minister of Education, Shai Piron, and Texas A&M Chancellor John Sharp, to announce the creation of Texas A&M University at Nazareth - Peace Campus. The Nazareth Campus will be the System’s second branch campus in the Middle East – following Texas A&M University at Qatar.