Tuesday AM July 6th, 2010
by: Ed Mayberry, July 6, 2010 6:07:00 am
The Americans for Prosperity Foundation says 43,600 jobs were added in May, according to the Bureau of Labor Statistics and the Texas Workforce Commission. The non-profit group's Peggy Venable credits limited growth of government and lower taxes.
"Texas has really led the nation in job creation, as well as in the number of companies that are moving to Texas. And really, for the first time in the state's history, we now have more Fortune 500 companies than any other state in the country. But this recent study just confirmed that Texas is not only leading the nation, our statistics are improving even over the last month."
Venable says individuals and businesses are relocating to Texas because the state's business environment is competitive.
"So we're growing faster than any other state, and we still seem to be able to keep our unemployment rate lower than most other states. We think it certainly has a lot to do with limited government growth, no state income tax. But it also has a lot to do with common-sense regulatory reforms that have been enacted by the Texas legislature, so the business community has some certainty on how they're going to be able to do business in Texas."
The Americans for Prosperity Foundation notes that Texas unemployment figures consistently outperform national employment data.