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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.
66%
9%
64%
7%
62%
5%
60%
2,000,000
500,000
TEXAS:
-1,000,000
+1,971,000
-2,500,000
2,000,000
500,000
-1,000,000 TEXAS:
+1,847,000
-2,500,000
4% 4%
ANNUAL NONFARM JOB GROWTH RATE
2% 2%
0% 0%
-2% -2%
NOVEMBER 2017
-4% -4%
U.S.: 1.4% CA: 1.7%
TX: 2.7% FL: 2.3%
-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: 4.7% 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
November 2017
64% U.S.: 60.1% CA: 59.7% 64%
TX: 60.7% FL: 57.2%
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
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
SEASONALLY ADJUSTED NONFARM EMPLOYMENT DATA ARE FROM
THE BUREAU OF LABOR STATISTICS.
Texas Job Creation Positive in Most Sectors
in 2017, Energy Sector Rebounds
$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
Email: vginn@texaspolicy.com
Website: www.texaspolicy.com
Twitter: @vanceginn