The Texas Public Policy Foundation today released a paper by Economist Dr. Vance Ginn entitled The Texas Model:1st Quarter 2015 Employment Update. The paper highlights multiple labor market measures through the first quarter of 2015 and compares them with the four largest states in terms of population and economic output and national averages.
“Despite a highly diversified economy, headwinds related to a prolonged drop in oil prices and a strong U.S. dollar slowed job creation in the first quarter,” said Ginn. “As the budget debate continues in Austin in the weeks leading up to the end of session, legislators should focus on providing Texans and their businesses with the most effective tax cut possible while restraining increases in total state funds and all funds to no more than 6.5 percent based on population growth plus inflation. This is the best path for prosperity.”
To read the full report, visit: http://txpo.li/1st-quarter-employment-update