According to a recent portfolio.com study, 4 markets in Texas ranks at the top of the US labor market.
This is a silver lining case, as the basis of the article is that the labor market as a whole has been bad and won’t get better soon. What is important to investors looking at Texas is that 4 of the top 5 markets are in the state and have lost fewer jobs than anywhere else in the country.
No section of the country has been immune to the recession’s ravages. But a few areas are still doing reasonably well, notably Texas, which includes four of America’s five hottest labor markets…
Here are the top 5 markets according to the study discussed:
- Austin
- San Antonio
- Baton Rouge
- Houston
- Dallas-Fort Worth
As added emphasis, here are the stats that the study found that prove that these rankings are more than just subjective number-crunching:
- 5% of the nation’s private-sector jobs have disappeared since June 2008, but in these Texas markets, the rate is only 2.6 percent. San Antonio has only lost 0.9 percent of jobs.
- The Texas markets, despite their recent losses, still have 589,500 more jobs than they did a half-decade ago which is a growth rate of 10.8 percent, compared to the national decline of 0.7 percent over the same period. The future still looks bright for Texas.
- Dallas-Fort Worth has the highest unemployment rate among the group, but is still nearly a point and a half better than the U.S. jobless rate of 9.5%.
All of this data shows why Texas is and continues to be the best state in the nation for businesses and individuals to invest their time and money. Places like Cinnamon Shore on Mustang Island provide a vehicle that can bring a level of enjoyment that exceeds the monetary value of the investment.
