New #Texas Jobs Report Explanation
AUSTIN – Last Friday, the Texas Workforce Commission released Texas labor market information for April 2016. The Texas Public Policy Foundation’s Economist Dr. Vance Ginn issued the following statement:
“Texas created 8,300 net nonfarm jobs last month. This extends the remarkable positive jobs creation streak to 65 of the last 67 months despite economic headwinds,” said Dr. Ginn. “Fortunately, the economic tailwinds statewide supported by a diversified economy and pro-growth policies provide Texas families with robust opportunities to flourish. Texas’ 4.4 percent unemployment rate has now been at or below the U.S. average rate for a phenomenal 112 straight months. We recommend that the Texas Legislature expand on the Texas model’s limited government foundation by passing the second consecutive conservative budget and putting the business margin tax on a path to elimination.”
Vance Ginn, Ph.D. is an Economist in the Center for Fiscal Policy at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.
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Vance Ginn, Ph.D.