Home > News > U.S. Recovery Is Lead by Texas

U.S. Recovery Is Lead by Texas

November 15, 2010 Leave a comment Go to comments

Texas sits atop the list as one of the leaders in the slow recovery process this country is facing.

Fueled in part by rising but stable oil prices, Texas continues to lead the country’s recovery, albeit at a relatively slow pace, according to a fourth-quarter regional economic forecast.

A report issued Monday by economists with BBVA Compass bank said that besides rising energy demand, Texas’ relatively stable housing market, continued private job creation, limited fiscal challenges and strong exports – notably petroleum and coal products – will sustain the state’s recovery into 2011.

“Although most states have experienced a growth deceleration in the second half of 2010, Texas’ growth has accelerated and remains solidly positive,” the report said.

The report predicts that Texas’ gross domestic product will grow by 3 percent this year and 2.8 percent in 2011, with both rates above the projected U.S. average of 2.7 percent in 2010 and 2.3 percent next year.

Through the first nine months of the year, Texas created 182,200 private sector jobs – approximately 16 percent of the U.S. total and the highest state total in the country

Read more: Texas leads U.S. recovery, report says | Houston Business Journal

NEWSWEEK has compiled a list of the 10 American cities best situated for the recovery.

These are places where the jobs are plentiful, and the pay, given the lower cost of living, buys more than in bigger cities. In other words, places unlike much of the rest of the country. The cities, most of which lie in the red-state territory of America’s heartland, fall into three basic groups. There’s the Texaplex—Austin, Dallas, San Antonio, and Houston—which has become the No. 1 destination for job-seeking Americans, thanks to a hearty energy sector and a strong spirit of entrepreneurism. There are the New Silicon Valleys—Raleigh-Durham, N.C.; Salt Lake City; and urban northern Virginia—which offer high-paying high-tech jobs and housing prices well below those in coastal California. And then there are the Heartland Honeys—Oklahoma City, Indianapolis, and Des Moines, Iowa—which are enjoying a revival thanks to rising agricultural prices and a shift toward high-end industrial jobs.

Read more from Newsweek: Greetings From Recoveryland

Advertisements
Categories: News
  1. January 29, 2014 at 12:24 am

    Did you ever think that you can actually have fun while playing with mud.
    You need to explore the possibilities of what can you do depending on your
    abilities and resources available. Healthy soil means healthy plants,
    which allows us to grow organic food.

  2. August 24, 2014 at 7:52 am

    Only applicants holding a debit card are eligible to
    apply for a short term loan with Wonga. This makes finding bargains
    during the holiday season for the best Christmas
    gifts 2010 that much easier to enable you to find
    the best holiday gifts for 2010 for your friends and family.

    Fiber is good, and almost all vendors claim to have fiber, but few actually bring it to the property line.

  3. September 1, 2014 at 1:57 pm

    Below are just three reasons of which there are many more as well to get these
    new doors and windows fitted. Snow and ice can be a real
    danger for the structure of your home as well as for you. However, with regards to lighting both windows are equal contenders.

  4. September 14, 2014 at 1:49 pm

    Having a mechanic do your oil change is a good idea if you do not
    have much experience with car engines. For
    example, paraffin, a common refined oil component, causes refined oils to
    thicken and flow poorly in cold temperatures. By inventive use of different cleaners,
    penetrating oils, friction modifiers, oil stabilizers, and coating additives,
    the motor will chemically be “overhauled out of a can.

  5. November 11, 2014 at 6:57 am

    Green repair shops are now using biodegradable cleaners
    to clean up their spills. There is also another
    body, the International Lubricant Standardization and Approval Committee
    (ILSAC), jointly set-up by US and Japanese motor manufacturers, which also recommends motor oil grades which comply with the API standard.
    As a possible example, if you’re using stiff card stock or a stiff business card (which you really
    should be) simply set the card across the top of a cup or mug of some sort.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: