TEXAS’ BUSINESS CLIMATE BEST IN NATION
Texas has the best business climate in the nation, according to a study by New York–based marketing company Development Counsellors International (DCI).
In a poll of 281 corporate executives across the country, 40.8 percent of respondents said Texas had the most favorable business climate, citing a strong labor market, low operating costs and a pro-business climate.
North Carolina ranked second, while Georgia was third.
DCI’s survey was sent to a random selection of 3,591 U.S. companies with annual revenues of at least $25 million.
Source: San Antonio Business Journal
Read MoreTEXAS TOPS FORTUNE 500 LIST
Low taxes, affordable land and a large labor force have made Texas home to more Fortune 500 companies than any other state.
According to the latest list compiled by Fortune magazine, the Lone Star State boasts 58 headquarters. That is three more than New York, which previously held the number one spot, and six more than California.
Four of the largest six corporations in Texas last year were oil companies. Irving-based Exxon Mobil Corp. remained the biggest company with headquarters in Texas by 2007 revenue.
Other Texas companies on the magazine’s list include technology, such as Dell Inc., three of the nation’s biggest airlines, two of the biggest homebuilders, an insurer, a hospital company and the largest garbage hauler around.
Source: Associated Press
Read MoreTexas Economy Still Pumping
Texas nonfarm employment rose 2.3 percent from February 2007 to February 2008 compared with the less than 1 percent annual growth rate of nonfarm employment for the United States as a whole.
The state’s seasonally adjusted unemployment rate fell from 4.5 percent in February 2007 to 4.1 percent in February 2008.
Higher oil prices continue to help the state’s oil and natural gas industry. The state’s mining industry ranked first in job creation, followed by the leisure and hospitality industry, construction, professional and business services, and education and health services industry.
All Texas metro areas except Beaumont–Port Arthur experienced positive February-to-February employment growth rates. Odessa ranked first in job creation followed by Midland, Waco, Houston–Sugar Land–Baytown, and Longview. Midland had the lowest unemployment rate February 2008 followed by Odessa, Amarillo, Lubbock, and College Station–Bryan.
Source: Real Estate Center
Read MoreMORE STRENGTH IN TEXAS LABOR MARKET
The Texas economy continues to produce more jobs than the national economy, according to the latest report from the Real Estate Center at Texas A&M University.
Texas nonfarm employment rose 2.2 percent from December 2006 to December 2007 compared with the 0.9 percent annual growth rate for the United States.
The state’s seasonally adjusted unemployment rate fell from 4.7 percent in December 2006 to 4.5 percent in December 2007.
The state’s mining industry ranked first in job creation, followed by professional and business services, the leisure and hospitality industry and the financial activities industry.
All Texas metro areas except Killeen–Temple–Fort Hood had positive employment growth rates from December 2006 to December 2007. McAllen-Edinburg-Mission ranked first in job creation followed by Tyler, Austin–Round Rock, and Brownsville-Harlingen. Midland had the lowest unemployment rate, followed by Amarillo, Lubbock, Odessa and College Station–Bryan.
Source: Real Estate Center
Read MoreTEXAS LABOR MARKET FLEXES MUSCLE
Texas nonfarm employment rose 2 percent from November 2006 to November 2007 compared with a 1 percent annual growth rate for the nation as a whole.
The state’s seasonally adjusted unemployment rate fell from 4.7 percent in November 2006 to 4.2 percent in November 2007.
Higher oil prices continue to help the state’s oil and natural gas industry. The state’s mining industry ranked first in job creation, followed by the leisure and hospitality industry, professional and business services, and financial activities industry.
All Texas metro areas except College Station–Bryan experienced positive employment growth rates from November 2006 to November 2007. McAllen-Edinburg-Mission ranked first in job creation followed by Austin–Round Rock, Lubbock, Midland, Tyler and Houston–Sugar Land–Baytown.
Midland had the lowest unemployment rate, followed by Amarillo, Lubbock, Odessa, College Station–Bryan, Abilene, and Austin–Round Rock.
Source: Real Estate Center
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