Federal Reserve Bank of Dallas economists said Thursday that Texas could add 261,000 to 374,000 jobs this year, growing between 2.5 and 3.5 percent, based on movements in leading indicators. At that pace -- Texas jobs are already growing about 2.5 percent annually -- the state's unemployment rate could drop to 7 percent by year's end, economists Keith Phillips and Emily Kerr said in the bank's latest edition of Southwest Economy.
Separately, the Texas Workforce Commission said the state added 44,100 jobs in January from a month earlier, moving to just under 10.5 million. The growth was led by trade, transportation and utilities.
Austin Business Journal - by Christine Hall, Houston Business Journal
Texas topped a list of U.S. states with the most new and expanded corporate facilities, receiving the 2010 Site Selection Governor’s Cup in the process.
With 424 new or expanded corporate projects, the Lone Star State had a 50-project increase over its second-place finish in last year’s contest and dethroned Ohio, which had won the previous four Governor’s Cups. Ohio had 376 projects in 2010.
Creative industries — from advertising to dance companies to book publishing — generate $4.5 billion per year in economic activity for Texas. To highlight that fact, the trust, in association with the Texas Commission on the Arts, is releasing a new report this week, prepared by TXP Inc., an Austin-based consulting firm, and paid for with federal stimulus dollars.
We won't stand by while Mexican border violence kills
Embroiled in an ongoing clash between rival drug cartels, the region of Mexico directly across the border from Texas has become one of the most dangerous places in the world, with more than 28,000 people killed since 2006, a death toll more reflective of a war zone than a nation ostensibly at peace.
Wishful thinking won't keep such an overwhelming explosion of violence from creeping farther north, so we must consider all our options as we determine the best way to protect our communities.
It all begins with a strong border, and a border is only as strong as the forces protecting it.
Four Texas metropolitan areas — Houston, Austin, Dallas and San Antonio — dominate the top 15 U.S. cities in a global study to determine the level of cities' recovery from the recession.
The Brookings Institution Metropolitan Policy Program report ranks 150 cities: 50 in the United States, 50 in Europe and 50 in the rest of the world. Austin was the highest-ranked U.S. city and No. 26 in the world. Dallas ranks as the No. 4 U.S. city and No. 39 in the world. San Antonio ranks No. 11 in the U.S. and No. 51 in the world.
Houston is ranked No. 15 in the U.S. and No. 61 in the world, according to the report, Global MetroMonitor, which received assistance from the London School of Economics and Political Science.
San Antonio, Houston and Dallas rose in global rankings during the past two years from their pre-recession rankings. Austin stayed about the same, ranking No. 25 among the 150 metro areas before the recession.
The report found that income and job growth in metro areas exceed those of their nations as a whole, which means large cities are leading the global recovery from the 2007-09 recession.
The incoming chairman of the Republican Governors Association suggested Friday that TSA screeners would be more help securing the nation's border with Mexico.
Texas Gov. Rick Perry said Friday on Fox Business Network that states need to "push Washington back into that box that we call the United States constitution," but said the federal government needs to follow through on its responsibility of securing the U.S. border.
"Just in the last two weeks, I've had five of my citizens who've lost their lives on that border with Mexico, and that is an irresponsible lack of focus by our federal government," Perry said, calling the federal security an "abject failure."
When asked if, in the wake of the TSA invasive pat-down controversy, he'd replace TSA screeners as states are allowed under federal law, Perry had an idea.
"How about we take all those TSA agents and put them on the border with Mexico where they can do some security there?" Perry said. "That's where we need security substantially more than in our airports and what we're seeing out of this bunch."
Perry cautioned that the incoming lawmakers in the 112th Congress "better be dreaming about" cutting the size of government and embracing fiscal conservatism when they go to sleep at night and focus on it every waking day.
"That's the type of individual that will be rewarded by the voters with a re-election," he said.
The possible presidential contender said that will also be the hallmark of a successful nominee.
"I'd like to find somebody with the characteristics will stand up and run for the presidency in 2012 and say, I want to go to Washington, D.C. and help you make Washington as inconsequential in your life as I can make it," he said.
Perry didn't say whether he was that person, but said he had "the best job" as governor of the Lone Star State. "I want to be back in the state being a governor and making things happen," he said.
Where can you go to escape the recession? Try any of these 10 places. Oh, and be prepared to wear red.
Like a massive tornado, the Great Recession up-ended the topography of America. But even as vast parts of the country were laid low, some cities withstood the storm and could emerge even stronger and shinier than before. So, where exactly are these Oz-like destinations along the road to recovery? If you said Kansas, you're not far off. Try Oklahoma. Or Texas. Or Iowa. Not only did the economic twister of the last two years largely spare Tornado Alley, it actually may have helped improve the landscape.
NEWSWEEK has compiled a list of the 10 American cities best situated for the recovery. These are places where the jobs are plentiful, and the pay, given the lower cost of living, buys more than in bigger cities. In other words, places unlike much of the rest of the country. The cities, most of which lie in the red-state territory of America’s heartland, fall into three basic groups. There's the Texaplex—Austin, Dallas, San Antonio, and Houston—which has become the No. 1 destination for job-seeking Americans, thanks to a hearty energy sector and a strong spirit of entrepreneurism. There are the New Silicon Valleys—Raleigh-Durham, N.C.; Salt Lake City; and urban northern Virginia—which offer high-paying high-tech jobs and housing prices well below those in coastal California. And then there are the Heartland Honeys—Oklahoma City, Indianapolis, and Des Moines, Iowa—which are enjoying a revival thanks to rising agricultural prices and a shift toward high-end industrial jobs.