Unemployment: Texas -vs- CA

[djAdvocate]

i keep hearing how great Texas is, and how there is an economic boom there, and that CA has come off the rails, and that it is going bankrupt.

here are a few facts to consider:

since the start of this year, Texas has lost 53,000 jobs.  this is not just an anomaly.  Texas has lost jobs EVERY MONTH THIS YEAR.
since the start of this year, CA has gained 222,000 jobs.  this is also not an anomaly.  CA has gained jobs every month since January.

i guess that is why the strutting has died down the last few months.  the gap is closing.  the metro area i live in now has a lower UE rate than TX.

admittedly, CA still has a long way to go.  TX has a 2% lower UE rate than CA.  but a year ago, TX had a 3.6% lower UE rate.

TX has a predicted shortfall in FY2013 of 24% on budget this year compared to CA's 16%.

no wonder Rick Perry is advertizing on TV around here trying to convince us to pull up stakes and move there.  he is bleeding. 

[AgeOfEnlightenmentSCP]

Well, it's an interesting fantasy you're having- taking a snapshot of one number and making a rather transparent attempt to make the case that California isn't in significantly worse fiscal shape than Texas.

But that doesn't mean that Texas doesn't have some significant issues it better face sooner rather than later. Chief among them, Texas needs to take steps to protect private property rights- you are actually more likely to have your property seized by the State of Texas than by California. Another problem Texas has is that on a per-capita basis, Texas has more government employees than California. Texas pays their state government workers less, and has made more modest pension commitments, so they have more wiggle room- but that doesn't mean Texas doesn't have to cut government.

[djAdvocate]

Jul 20, 2013 18:29:44 GMT -5 AgeOfEnlightenmentSCP said:

Well, it's an interesting fantasy you're having

i am just quoting statistics.  statistics that fly in the face of YOUR fantasy that jobs are fleeing CA to TX.  that is absolutely not true this year.  whether it continues- who knows? 

all i know is this: between 1/3 and 1/4 of all jobs created in the USA in 2013 were created in CA.  precisely ZERO were created in TX.

suck on that. 

(note: Florida has done pretty well, too)