Cibolo Realty's Blog

July 29th, 2010 8:49 AM

Despite the economic gloom hanging over the rest of the country, Texas seems to be moving into the recovery zone according to Bryan Pope of the Texas Real Estate Center:

The state’s economy had its second month of positive annual employment growth after 16 months of job losses.

Texas’ annual employment growth rate was 0.9 percent from June 2009 to June 2010 compared with a negative rate of 0.1 percent for the nation. After 17 months of job losses, the state’s private sector posted a positive annual employment growth rate of 0.4 percent.

Dead cat bounce? Hope? The result of state/local government fiscal discipline? Time will tell...

Get the complete economic reveiw here.

Posted by Richmond Frasier on July 29th, 2010 8:49 AMPost a Comment (0)
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