Last week, Texas Comptroller Susan Combs had some good news about the Texas economy-the jobs are coming back.
That is, the state’s labor market has returned to its pre-recession employment levels, regaining all of the jobs lost during the worst parts of the Great Recession, in late 2008 and 2009. According to the Comptroller’s newest website, www.thetexaseconomy.org, “By December 2011, Texas employers replaced all 433,000 jobs shed during the recession as our economy rebounded more quickly than the U.S. as a whole, and continues to add jobs. Nationally, through January 2012 only 36 percent of recession-hit jobs have been recovered.”
This latest revelation about jobs is just the latest bit of evidence that the Texas Model-low taxes and spending, a predictable regulatory environment, and a sound civil justice system-works and it works well.
-Robert McDowall