AUSTIN – Today, the U.S. Bureau of Labor Statistics released state-level labor market data for February 2019.
Vance Ginn, Ph.D., senior economist and director of the Center for Economic Prosperity at the Texas Public Policy Foundation issued the following statement:
“Texas continues to lead the nation in job creation, which has been a common theme for much of the last decade. The private sector continues to flourish as employers added 15,100 net private sector jobs last month and the unemployment rate remains near a record low at 3.8 percent. The 86th Texas Legislature can provide a more conducive environment for sustained prosperity by passing a Conservative Texas Budget to keep spending growth below the average taxpayer’s ability to pay and eliminate property taxes.”
The supplemental bill, SB 500, is under the Conservative Texas Budget growth limit of 4.5 percent, while the budget amount for 2020-21 that includes HB 1 and SB 500 appropriations exceeds the CTB growth limit of 8 percent. Both bills will be on the floor on Wednesday, March 27.