Why doesn't California Brag Incessantly about Leading the Nation's Job Growth, like Texas did when they used to be #1? (loans, unemployed)

[expatCA]

Originally Posted by 18Montclair

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Then you already know that Californians survive and succeed.

First the jobs created are still behind TX statistically. Nothing has changed and TX is doing better.

I am glad to see CA move up a bit, still you might find this interesting:

Census Bureau: California still has highest U.S. poverty rate | The Sacramento Bee
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Read more here: Census Bureau: California still has highest U.S. poverty rate | The Sacramento Bee[/LEFT]

"Under the traditional method of gauging poverty, adopted a half-century ago, California’s rate is 16 percent (6.1 million residents), somewhat above the national rate of 14.9 percent but by no means the highest. That dubious honor goes to New Mexico at 21.5 percent.


But under the alternative method, California rises to the top at 23.4 percent while New Mexico drops to 16 percent and other states decline to as low as 8.7 percent in Iowa.


The only other state to approach California in the alternate rankings is Nevada at 20 percent, although Washington, D.C., is close at 22.4 percent."


For children in poverty CA is also #1

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Read more here: Census Bureau: California still has highest U.S. poverty rate | The Sacramento Bee.

I never expect CA to fail, rather succeed to some extent. However with all that CA has it should be doing better and it isn't.

[18Montclair]

lol@the 'ATERNATE' method.

Forgive me, but I'll stick with the official stat produced by the federal govrernment:


And poor people raised in CA are more likely to become wealthy as adults:


So now we know what the undiluted govt numbers actually are on the issue of poverty.

[18Montclair]

And as far as jobs, the trend is solid. California definitely leads it's cheaper competitor. No ifs, ands or buts about it.

[expatCA]

Originally Posted by 18Montclair

And as far as jobs, the trend is solid. California definitely leads it's cheaper competitor. No ifs, ands or buts about it.

You provided the job growth numbers and they put TX ahead based on population. Kinda hard to eat your words, but add a little salt.

Then we get to salary VS cost of living and ..................... well CA suffers even more.

CA has many advantages, but it should be doing better and it isn't.

[2sleepy]

Originally Posted by expatCA

You provided the job growth numbers and they put TX ahead based on population. Kinda hard to eat your words, but add a little salt. Then we get to salary VS cost of living and ..................... well CA suffers even more. CA has many advantages, but it should be doing better and it isn't.

Not so fast..not everyone agrees with you about Texas:

For many years, economic growth in Texas has consistently outpaced growth in the rest of America. But that long run ended in 2015, with employment growth in Texas dropping well below the national average and a fall in leading indicators pointing to a further slowdown ahead. In most states, this slowdown would be no big deal; occasional underperformance is just a fact of life. But everything is bigger in Texas, including inflated expectations, so the slowdown has come as something of a shock. Still, the spectacle of the Texas economy coming back to earth, and Kansas sliding over the edge should at the very least make right-wing bombast ring hollow, in the general election if not in the primary. And someday, maybe, even conservatives will once again become willing to look at the facts.

Karr Ingham, the Texas economist who created an index measuring the industry, said that, when initial forecasts were made when the market downturn began in mid-2014, he expected no more than 50,000 jobs would be lost in Texas. Now, he puts the conservative estimate at around 56,000.

Yucel predicted the Texas economy will grow at an annualized rate of 1.3 percent in 2015, with health care and hospitality services responsible for keeping the state out of recession. In 2014, the Texas economy grew at a rate of 5.2 percent

Oil Jobs Lost: 250.000 And Counting, Texas Likely To See Massive Layoffs Soon

[18Montclair]

Originally Posted by expatCA

You provided the job growth numbers and they put TX ahead based on population. Kinda hard to eat your words, but add a little salt.

Then we get to salary VS cost of living and ..................... well CA suffers even more.

CA has many advantages, but it should be doing better and it isn't.

Haha no Im quite content with CA creating jobs at a rate that is well above the national average:

California's job market has grown by 2.9 percent over the past 12 months. The United States expanded its total jobs by 1.9 percent. Texas jobs have grown by 1.7 percent over the last year. All of these gains are far behind the job surge in Santa Clara County.

Reports: California is good for business, South Bay economy tops U.S. - ContraCostaTimes.com

Texas is now officially a jobs creation underachiever while California is an overachiever.

#goldenstate

[bigboibob]

That won't last forever.

Oil prices have been decimated and that hurts Texas more than California.

Prominent industries responsible for California's employment growth are almost as volatile as the energy industry.

Many private tech "unicorns" are overvalued and illiquid.

The world economy is very interconnected. What hurts Texas will eventually affect California.

[AndyChrono]

Originally Posted by 2sleepy

Not so fast..not everyone agrees with you about Texas:

For many years, economic growth in Texas has consistently outpaced growth in the rest of America. But that long run ended in 2015, with employment growth in Texas dropping well below the national average and a fall in leading indicators pointing to a further slowdown ahead. In most states, this slowdown would be no big deal; occasional underperformance is just a fact of life. But everything is bigger in Texas, including inflated expectations, so the slowdown has come as something of a shock. Still, the spectacle of the Texas economy coming back to earth, and Kansas sliding over the edge should at the very least make right-wing bombast ring hollow, in the general election if not in the primary. And someday, maybe, even conservatives will once again become willing to look at the facts.

Karr Ingham, the Texas economist who created an index measuring the industry, said that, when initial forecasts were made when the market downturn began in mid-2014, he expected no more than 50,000 jobs would be lost in Texas. Now, he puts the conservative estimate at around 56,000.

Yucel predicted the Texas economy will grow at an annualized rate of 1.3 percent in 2015, with health care and hospitality services responsible for keeping the state out of recession. In 2014, the Texas economy grew at a rate of 5.2 percent

Oil Jobs Lost: 250.000 And Counting, Texas Likely To See Massive Layoffs Soon

Yeah it seemed fairly obvious to anyone paying attention that Texas came out of the Great Recession relatively unscathed largely because of the US fracking boom and many years of ~$100 a barrel oil prices. It's the same reason why North Dakota has one of the lowest if not the lowest unemployment in the country. California on the other hand, was hit particularly hard by the housing bust since that is a major part of the economy here. We'll see how well Texas fares in their game of chicken with OPEC and sub-$40 oil prices for the foreseeable future. I think they have diversified enough that they won't see a repeat of the late 80's when the Saudis turned the spigots to max and sent Texas into a recession, but they probably won't see the same growth of years past.

It was particularly annoying when a certain Governor came to CA to poach our companies and jobs - saying that it was his supposed policies that were helping Texas and not the flood of oil money. Oops?

[expatCA]

Originally Posted by 2sleepy

Not so fast..not everyone agrees with you about Texas:

For many years, economic growth in Texas has consistently outpaced growth in the rest of America. But that long run ended in 2015, with employment growth in Texas dropping well below the national average and a fall in leading indicators pointing to a further slowdown ahead. In most states, this slowdown would be no big deal; occasional underperformance is just a fact of life. But everything is bigger in Texas, including inflated expectations, so the slowdown has come as something of a shock. Still, the spectacle of the Texas economy coming back to earth, and Kansas sliding over the edge should at the very least make right-wing bombast ring hollow, in the general election if not in the primary. And someday, maybe, even conservatives will once again become willing to look at the facts.

Karr Ingham, the Texas economist who created an index measuring the industry, said that, when initial forecasts were made when the market downturn began in mid-2014, he expected no more than 50,000 jobs would be lost in Texas. Now, he puts the conservative estimate at around 56,000.

Yucel predicted the Texas economy will grow at an annualized rate of 1.3 percent in 2015, with health care and hospitality services responsible for keeping the state out of recession. In 2014, the Texas economy grew at a rate of 5.2 percent

Oil Jobs Lost: 250.000 And Counting, Texas Likely To See Massive Layoffs Soon

Read a couple of these and while there is some truth to them there is also a lot of left leaning rhetoric which is as suspicious as right leaning.

CA should be doing better than it is, but a very business unfriendly climate is part of the problem and I know because I have 3 business in CA and dropped the work force in one to 1/3, though the others remain the same. I wish it was better but it isn't.

Now how many of the CA jobs pay at median or above for COL in CA? In TX, even on a lower paying job it is far easier to live there and yes I have lived there and one of my businesses is a TX corp.

[Bluesmama]

Originally Posted by eureka1

Because Californians have more class than Texans, and California has more class than Texas does.

How??? I'd like to hear this one explained.