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Texas Employment Update!

"Another new measure made tightening air quality permits on the oil and gas industry more difficult. That law, which Perry signed in June, requires the Texas environmental agency to analyze the effect of new regulation on the economy - including how it might hurt a company - before implementation. The economic impact could override the environmental benefit of the new regulation. The new law reflects Perry's contention that global warming is a questionable theory and that regulation always creates an adverse business climate." Perry Slashed Environmental Enforcement in Texas

The case for Perry’s venture capitalismThere’s a big difference between the Texas and statist approaches - There has been a lot of debate about Gov. Rick Perry’s economic development funds. The criticism centers on the idea that the Texan’s funds create a “Solyndra problem” for him, that by investing in businesses that bring jobs to the state, Mr. Perry has the same job-creation approach President Obama displayed in backing federal loans to a solar-energy firm.

Equating the two men in this way provides a convenient symmetry, but it’s also a false comparison that misses why many free marketers are comfortable with Gov. Perry even while critical of Solyndra.”……

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........."you can lay your fears to rest because in the last year the Texas public sector has shrunk by 26,000 jobs. In the last 12 months, Texas lost 31,300 federal employees, trimmed 3,800 state jobs, and increased local government jobs by 8,400 jobs."........... Source

Misfire: Romney Ad Targets Rick Perry's Jobs Record "I think it's safe to say the Romney campaign is going for the kill with its latest attack on Rick Perry. The former Massachusetts Governor has already gotten a fair amount of mileage out of attacking his Texan rival from the left on Social Security, and from the right on immigration, but this new spot strikes at the heart of the Perry campaign's raison detre -- jobs, jobs, jobs:

The Facts --Mitt Romney's political ad

[snip]

The spot's most striking image is a tumbleweed blowing along a deserted Texas highway. That's rich. It's intended to create the impression that Rick Perry's Texas is something of a depressed ghost town. Nothing could be further from the truth. Since the recession began, desperate job seekers have flocked to Texas at a clip of roughly 1,000 people per day. And they're finding work, too. Despite a huge population influx and a bruising national recession, Texas' unemployment rate remains below the national average. How remarkable has the Lone Star State's economic performance been? Read this Political Math analysis (written by a self-professed non Perry supporter), and marvel. One telling data point:

Governor Rick Perry (R-Texas) has pointed to job growth in Texas during the current economic downturn as one of his main accomplishments. But analysis of Current Population Survey (CPS) data collected by the Census Bureau show that immigrants (legal and illegal) have been the primary beneficiaries of this growth since 2007, not native-born workers. This is true even though the native-born accounted for the vast majority of growth in the working-age population (age 16 to 65) in Texas. Thus, they should have received the lion’s share of the increase in employment. As a result, the share of working-age natives in Texas holding a job has declined in a manner very similar to the nation a whole.

Among the findings:

Of jobs created in Texas since 2007, 81 percent were taken by newly arrived immigrant workers (legal and illegal).
In terms of numbers, between the second quarter of 2007, right before the recession began, and the second quarter of 2011, total employment in Texas increased by 279,000. Of this, 225,000 jobs went to immigrants (legal and illegal) who arrived in the United States in 2007 or later.
Of newly arrived immigrants who took a job in Texas, 93 percent were not U.S. citizens. Thus government data show that more than three-fourths of net job growth in Texas were taken by newly arrived non-citizens (legal and illegal).
The large share of job growth that went to immigrants is surprising because the native-born accounted for 69 percent of the growth in Texas’ working-age population (16 to 65). Thus, even though natives made up most of the growth in potential workers, most of the job growth went to immigrants.
The share of working-age natives holding a job in Texas declined significantly, from 71 percent in 2007 to 67 percent in 2011. This decline is very similar to the decline for natives in the United States as a whole and is an indication that the situation for native-born workers in Texas is very similar to the overall situation in the country despite the state’s job growth.
Of newly arrived immigrants who took jobs in Texas since 2007, we estimate that 50 percent (113,000) were illegal immigrants. Thus, about 40 percent of all the job growth in Texas since 2007 went to newly arrived illegal immigrants and 40 percent went to newly arrived legal immigrants.
Immigrants took jobs across the educational distribution. More than one out three (97,000) of newly arrived immigrants who took a job had at least some college.
These numbers raise the question of whether it makes sense to continue the current high level of legal immigration and also whether to continue to tolerate illegal immigration.
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