State of Texas Economy

STATE OF TEXAS ECONOMY HOW TEXAS MEASURES UP WITH THE COUNTRY 384,000 Jobs Created Employment Grew 85% Faster than IN THE PAST TWO YEARS FROM AUGUST 2009 TO 2011 CA, NY, IL, FL or PA IN THE PAST 12 MONTHS 38% of Nation's Net New Jobs WERE CREATED IN TEXAS IN THE PAST TWO YEARS (JUNE 2009 – JUNE 2011) MORE THAN DOUBLE ANY OTHER STATE IN THE NATION TEXAS ACCOUNTS FOR 8% OF TOTAL U.S. POPULATION Top 5 Sectors for Job Creation IN THE PAST YEAR BUSINESS SERVICES HEALTH CARE HOTEL / LEISURE NATURAL RESOURCES RETAIL $49,192 Average Annual Wage Lowest Overall Tax Burden OF THE TEN LARGEST STATES PER WORKER IN 2011 TEXAS HAS NO STATE INCOME TAX 95% OF ALL JOBS PAID ABOVE MINIMUM WAGE IN 2010 13th Largest Economy in the World No. 1 Exporting State in Nation IF TEXAS WERE A NATION FOR THE PAST NINE YEARS NEARLY AS LARGE AS RUSSIA OR SPAIN ELECTRONICS ARE LEADING PRODUCT EXPORT Produced by Office of the Governor September 2011 Sources: U.S. Bureau of Labor Statistics, Texas Workforce Commission, Texas Comptroller of Public Accounts, U.S. Census data via WISERTrade, Tax Foundation