If you’re living in a region of the United States where economic recovery is slow—or at a standstill—maybe you should consider a move to Texas. According to the December 2010 monthly economic review by the Real Estate Center, Texas is rebounding faster than the rest of the country.
From November 2009 to November 2010, the Lone Star State gained 194,400 jobs, for an annual growth rate of 1.9 percent. The national rate is a mere 0.6 percent. The private sector in Texas showed a 2.2 percent annual employment growth rate—more than double the national average of just 1 percent. The unemployment rate in Texas was 8.3 percent in November 2010, while the national rate was 9.8 percent. Here in College Station-Bryan, we ranked fourth in the state for unemployment rate in a metropolitan area, with 6.2 percent.
The mining and logging industry in Texas ranked first in job creation, followed by professional and business services, education and health services, and manufacturing. Professional and business services gained 62,100 jobs over the past 12 months, for an impressive 5 percent growth rate.
If you’re looking for an area that’s thriving, talk to us at Stylecraft Builders in College Station-Bryan. We’ve got lots of good news to share!