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To: Tempest
The reason for this is pretty simple: Texas' economic "miracle" is built on on a continued influx of people, as well as a preponderance of low-wage jobs, especially in the housing sector.

The hard data completely explodes the above myth

The analysis is compiled by someone who doesn't support Perry.

10 posted on 08/20/2011 9:22:49 AM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: AAABEST
I looked at your link and the author states the following:

I tried to be clear above that this chart doesn't account for the fluid nature of an economy with immigration and departures of hundreds of thousands of people, but I don't want to leave anyone with the wrong impression. So here it is: This chart doesn't account for the fluid nature of an economy with immigrations and departures of hundreds of thousands of people. The point of this chart is not to say "Texas should have 2.3% unemployment if only things were fair." Instead, it is an attempt to chart job growth in such a way that controls for people leaving one job market to enter another. To say "Wisconsin has a better job market than Texas because its unemployment rate is 0.6% lower" is a wholly untrue statement even though it cites accurate numbers. What this chart is meant to do is not posit a counter-factual, but to give a visual representation of the employment reality that is obscured by the way we calculate unemployment numbers.

So apparently there is NO myth busting going on there. since it wasn't even a factor in his own estimates...

14 posted on 08/20/2011 9:33:35 AM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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