Texas’ economy has proven to be exceedingly good at creating jobs. In fact, it is so good that over the last five years, employment growth in Texas has surpassed that of all other states combined.
According to seasonally adjusted, total non-farm employment data from the Bureau of Labor Statistics, Texas added a net 545,900 jobs between January 2006 and January 2011. By comparison, all other job-adding states only created 183,700 new employment positions over the same period. If you add the 49 states not named Texas, their employment total fell by 5.2 million.
Clearly, Texas is and has been the job creation engine of the U.S.-and it’s not hard to understand why: low taxes, limited government, and a predictable regulatory environment.