Texas-Sized Job Growth

David Weinberger / June 12, 2011

Here’s an amazing statistic: Texas created 37 percent of all jobs since the beginning of the economic recovery, more than any other state. Excluding New York and Pennsylvania, Texas has created nearly as many jobs as all other states combined.

How did Texas do it?

According to the Richard Fisher, president of the Federal Reserve Bank of Dallas, “Texas is doing so well relative to other states precisely because it has rejected the economic model that now prevails in Washington. . .all states labor under the same Fed monetary policy and interest rates and federal regulation, but all states have not preformed equally well. Texas stands out for its free market and business-friendly climate.” (more…)