Is Texas the only state not affected by the economy? (Austin: good credit, how much)

[inthecut]

Originally Posted by Jammie

In answer to your question~No, Texas isn't the only state who is faring relatively well in this economic downturn. It seems to be doing better then most of the states, but my area is still hanging on, too.

The unemployment rate in So. Dak. was below 3%, but we are now up to 3.9% which is still good. But what the stats aren't showing is that many places have temporarily done away with the 40 hour work week and are now offering their employees 32 hours of work per week. It's still better then losing your job along with your health insurance, etc. Those stats also don't show that some places are cutting their employee wages by 5% or that they are reducing their retirement match to 1% vs. the 5% to 6% they'd contributed previously. Still, better then nothing at all.

The most recent stats that I saw show No. Dak. and Wyo. leading the pack with the lowest unemployment rates. They're my neighbors, so trust me~winters can be very brutal up here. I'm personally just waiting for an economic turn around so I'm able to find that perfect and warm area of the country to live in.

As far as the warmer states, Tx. and OK. seem to have the best economy at this point. Nothing to brag about, but still better then most areas.

And you guys even get the bikers in the summer, adding a few million to Sturgis and thereabouts...

[Canine*Castle]

Originally Posted by Jammie

In answer to your question~No, Texas isn't the only state who is faring relatively well in this economic downturn. It seems to be doing better then most of the states, but my area is still hanging on, too.

The unemployment rate in So. Dak. was below 3%, but we are now up to 3.9% which is still good. But what the stats aren't showing is that many places have temporarily done away with the 40 hour work week and are now offering their employees 32 hours of work per week. It's still better then losing your job along with your health insurance, etc. Those stats also don't show that some places are cutting their employee wages by 5% or that they are reducing their retirement match to 1% vs. the 5% to 6% they'd contributed previously. Still, better then nothing at all.

The most recent stats that I saw show No. Dak. and Wyo. leading the pack with the lowest unemployment rates. They're my neighbors, so trust me~winters can be very brutal up here. I'm personally just waiting for an economic turn around so I'm able to find that perfect and warm area of the country to live in.

As far as the warmer states, Tx. and OK. seem to have the best economy at this point. Nothing to brag about, but still better then most areas.

According to the map on the link below, Texas isn't all that great, rather high, 6% to 6.9%. Even Louisiana is a step better than Texas is. The two Dakotas and Wyoming fare better than anywhere in the country.

http://www.bls.gov/web/mstrtcr1.gif

[Kibby]

Why, why, why .... do you put your self through this misery???????????

K

[Canine*Castle]

Originally Posted by Kibby

Why, why, why .... do you put your self through this misery???????????

K

Who and what misery?

[BobTex]

Originally Posted by ministers

Hello, everyone I have heard some horror stories about other states in the U.S. but all I hear about in Texas is how good and strong your economy is. I am here in Wisconsin there are some jobs, but it is not booming like Texas. Is the economy really that strong there?

Don't worry ... soon as Obama and the Dems blow us up with the new carbon tax I'm sure we'll crump with the rest of y'all!


BTW there is slowdown in the oil and gas industry last few months.

[texdav]

Originally Posted by Canine*Castle

According to the map on the link below, Texas isn't all that great, rather high, 6% to 6.9%. Even Louisiana is a step better than Texas is. The two Dakotas and Wyoming fare better than anywhere in the country.

http://www.bls.gov/web/mstrtcr1.gif

You really need to check the official employment stats to see that many parts of Texas have 3% unemployment. The difference in Dakota and Wyoming is really much different because of the basic population difference. For example in my area the number of new jobs in the last year has expanded by over 10000 in industry alone. Many of those people come and go has housing is so short so they are not counted on the employment rates ;with many traveling from Louisiana because its so close.There are thousands from other states that basically are not counted on employment. They even have a private busing system that goes to a 30 mile area to bring in workers that are distant because of housing and traffic problems.The Stats only reflect what the state show by those filing and many are not actaully able to file as they are not residence of Texas. Look to the census in April to show the real figures of who is going where for employment.

[TexasTheKid]

Most of our slowdown is due to the national banks reducing their lending coupled with the decrease in oil prices. The woes of national banks definitely affect what happens here, but they'll most likely open their coffers for businesses in this state soon based on the strength of our economy. And, oil prices will rebound. The drop in prices was just an organic pendulum shift back from last summer's ridiculous rates. You'll see the price of crude settle somewhere between $50-60/barrell which will keep our little economy chugging right along. We will face some hardships for the next year or so, but we'll suffer very little compared to some other places in the country, and we'll be among the first to recover.

[obamahater]

Texas is only doing so good cause they arent a fan of big government ie the people skrewing up the economy and the president is a socialist piece of ****

[corpex]

Originally Posted by obamahater

Texas is only doing so good cause they arent a fan of big government ie the people skrewing up the economy and the president is a socialist piece of ****

Tell us how you really feel...

[Jammie]

I'm just curious about that 3% because that would be about the lowest in the country right now. If that's current, it's wonderful cause we need a few places to keep their heads above water.

AND I'd like to correct what I said previously. A couple days ago they came out with new stats and the current unemployment rate in my state is 4.4%. We're going the wrong direction.