Posted on 08/17/2015 12:52:19 PM PDT by SeekAndFind
Edited on 08/17/2015 1:24:31 PM PDT by Admin Moderator. [history]
Some economists warned last year that Texas could slide into a recession in 2015 as oil prices tanked.
Last week, prices hit a 6-year low to $42, down from $100 a barrel a year ago.
But Texas added jobs in five of the first six months this year. The state's 4.2% unemployment rate has actually ticked down a little this year, and it's well below the nation's 5.3% rate, according to the Federal Reserve Bank of Dallas.
(Excerpt) Read more at money.cnn.com ...
Now, minus oil, Technology, health care and education are Texas’ hot spots
The last oil price bust wasn’t in 1986 it was in late 1990s when Clinton was President and he was using the Oil for Food Program to manipulate the price of oil so select people could play the futures market.
More government: that's not inspiring.
Texas is at 4.2% unemployment even with people moving here in droves, which means jobs are being created despite the crash in oil prices.
Nursing jobs are government jobs?
Hardly...Texas continues to grow in population, and we need more healthcare providers.
Now, minus oil, Technology, health care and education are Texas’ hot spots.
Teaching and Nursing are NOT NECESSARILY government jobs.
Much of health care in the US is paid by the fedgov (aka taxpayers).
Medicare,Medicaid, VA, Tricare, active military, etc.
Numbers vary, but around 50% of the total.
Yes the article mentions that not only nursing and teaching jobs are up, but also tech and tourism jobs are up, too.
Texas has a well diversified economy.
And a weak socialist class confined to Austin and a few urban pockets in Dallas, Houston, and San Antone.
Owed, that is. Owed. The market is an enormous bubble.
Multiple smaller independent oil companies have ended up with liabilities larger than their assets. Too much debt and too large a drop in value....
Is, as it should be, an opportunity for the prudent to buy discounted assets and reap the benefits.
Government runs schools and, more every year, health care.
I wouldn't tout those jobs as a positive.
How many of those Texas teachers and nurses are hired to serve illegals?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.