The Texas Public Policy Foundation’s Economist Dr. Vance Ginn issued the following statement on the labor market information in Texas for October 2016 released today by the Texas Workforce Commission:
“With Thanksgiving just around the corner, today’s jobs report for Texas gives another reason along with spending time with loved ones and delicious food to be thankful,” said Dr. Ginn. “Relatively strong job growth continued in Texas as employers created 13,700 net nonfarm jobs last month. This brings total nonfarm job creation to 207,500 in the last 12 months and makes it positive job creation in a remarkable 71 of the last 73 months. The success of the Texas model is clear when you consider that the state’s 4.7 percent unemployment rate has bested the U.S. average for 119 consecutive months and 30 percent of all jobs created nationwide since December 2007 was here. Let us count our blessings during this time of thanksgiving while continuing to advocate for more individual liberty and economic freedom that are the pillars of higher standards of living for all.”
Vance Ginn, Ph.D. is an Economist in the Center for Fiscal Policy at the Texas Public Policy Foundation.
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The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.