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.
Gov. Rick Perry today announced Natgasoline LLC is expanding its Beaumont operations, creating 240 jobs and a projected capital investment of more than $1 billion. The state is providing $2.1 million through the Texas Enterprise Fund (TEF) to close the deal on this expansion and job creation. Execution of the state's agreement is contingent upon finalization of a local incentive offer as required by program criteria.
AUSTIN – Gov. Rick Perry today issued the following statement regarding the U.S. Supreme Court’s decision to allow Texas abortion restrictions to remain in effect:
“This is good news both for the unborn and for the women of Texas, who are now better protected from shoddy abortion providers operating in dangerous conditions. As always, Texas will continue doing everything we can to protect the culture of life in our state.”
"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
Gov. Rick Perry and economist Dr. Arthur Laffer today contrasted the conservative fiscal principles that have helped Texas become a national leader in job creation with those that have burdened families and businesses in states like California. The governor spoke at the Texas Public Policy Foundation's Competition and the States: California vs. Texas luncheon, where Laffer unveiled a new study comparing the governments and economies of the two states.