Texas unemployment rate drops below 7 percent
The Texas Workforce Commission’s (TWC) recent unemployment report once again illustrates that the Texas Model of doing business is alive and well in the Lone Star State, according to the Texas Public Policy Foundation.
AUSTIN – The Texas Workforce Commission’s (TWC) recent unemployment report once again illustrates that the Texas Model of doing business is alive and well in the Lone Star State, according to the Texas Public Policy Foundation. The TWC reported that September 2012 saw the addition of 21,000 net new jobs, the largest month-over-month increase in the nation, according to the Bureau of Labor Statistics. Texas’ unemployment rate for Sept. 2012 dropped to 6.8 percent, down from 7.1 percent in August and 7.9 percent a year ago.
"In Texas we know that the path to prosperity is paved by what we have coined the Texas Model of doing business, which champions low taxes, limited government, and personal responsibility,” said Foundation President and CEO Brooke Rollins. “Texas continues to add jobs while many other states continue to experience record unemployment. This model works for Texas and can work for the nation, too.”
“Since last year Texas has added 262,700 net new jobs, the largest year-over-year increase in the nation,” said Talmadge Heflin, Director of the Foundation's Center for Fiscal Policy. “Add the fact that the unemployment rate has been at or below the national average for 69 consecutive months—or nearly six years, and that is a clear indicator that Texas is the state open for business.”
Brooke L. Rollins is President and CEO of the Texas Public Policy Foundation.
Talmadge Heflin is director of the Center for Fiscal Policy at the Texas Public Policy Foundation. Heflin served 11 terms in the Texas House and chaired the Appropriations Committee in 2003, leading the Legislature's successful efforts to close a $10 billion budget deficit without a tax increase.
The Texas Public Policy Foundation is a non-profit free-market research institute based in Austin.
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