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Email: vginn@texaspolicy.com
Website: www.texaspolicy.com
Twitter: @vanceginn
Outline
Information about the state of Texas economy,
labor market, and fiscal situation.
5,000,000
U.S. MINUS TEXAS:
3,500,000 +5,410,000
2,000,000
TOTAL CIVILIAN EMPLOYMENT
500,000
TEXAS:
-1,000,000 +1,830,000
-2,500,000
-4,000,000
-5,500,000
U.S. minus Texas civilian
employment wasnt positive until
-7,000,000 January 2015 and didnt surpass
N
Texas until November 2015.
-8,500,000
12/2007 12/2008 12/2009 12/2010 12/2011 12/2012 12/2013 12/2014 12/2015 12/2016
DATA ARE CUMULATIVE MONTHLY TOTAL CIVILIAN EMPLOYMENT FROM
THE U.S. BUREAU OF LABOR STATISTICS FROM 12/2007 TO 7/2017.
Texas has Created 22% of All Nonfarm
Jobs Since Great Recession Started
6,500,000
5,000,000
U.S. MINUS TEXAS:
3,500,000 +6,438,000
TOTAL NONFARM EMPLOYMENT
2,000,000
500,000
-1,000,000 TEXAS:
+1,764,000
-2,500,000
4% 4%
ANNUAL NONFARM JOB GROWTH RATE
2% 2%
0% 0%
-2% -2%
-4%
JULY 2017 -4%
U.S.: 1.5% CA: 1.7%
TX: 2.4% FL: 2.7%
-6% NY: 1.2% -6%
-8% -8%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
9% NY: 4.5% 9%
7% 7%
5% 5%
3% 3%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
July 2017
64% U.S.: 60.2% CA: 58.9% 64%
TX: 60.4% FL: 57.3%
NY: 58.3%
EMPLOYMENT-POPULATION RATIO
62% 62%
60% 60%
58% 58%
56% 56%
54% 54%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
SEASONALLY ADJUSTED NONFARM EMPLOYMENT DATA ARE FROM
THE BUREAU OF LABOR STATISTICS.
Texas Labor Force Participation Rate
Remains Above Others Since 2009
JULY 2017
68% U.S.: 62.9% CA: 61.9% 68%
TX: 63.1% FL: 59.7%
NY: 61.1%
66% 66%
LABOR FORCE PARTICIPATION RATE
64% 64%
62% 62%
60% 60%
58% 58%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
$170 $177
$160 $168
$150 $158
$139
$140 $146
$130 $124 $135
$120
2004-05 2006-07 2008-09 2010-11 2012-13 2014-15* 2016-17*
Note: Find explanation here.
*Includes delayed $1.8 billion Proposition 7 transportation payment
Note: Find explanation here.
2018-19 Total Approps: $218.4 B
with $1.8 B transportation fund delay
(4.46% increase)
$58.5 B,
$71.8 B, Other $79.5 B,
Federal Health &
Funds $106.6 B, Human
General Services
Revenue
vginn@texaspolicy.com
www.texaspolicy.com
@vanceginn