A very interesting post from Greg Mike FX: Everything is big in Texas, including job gains. Could this be a concern to Yellen/the Fed

  • There is one state leading the charge with regard to jobs created since February 2008. That state is Texas.
  • Since February 2008 there have been a total of 1.044 million jobs created in the state of Texas alone. That compares to a national total of 795K.
  • Texas alone accounts for 131.4% of the the total job gains since 2008.
  • Of course Texas is one of the most populated states. So you would expect an overall larger value for them. However, the population of Texas accounts for 8.37% of the estimated national population according to the US Census Bureau. With 131.4% of the job gains, no matter how you slice it, Texas is big and leading the charge.

Greg compares Texas with other big states:

  • California (the most populated state) … 12.13% of the national population, they have added a net 111.3K jobs since February 2008… represents 14% of the total jobs gained … way behind the 1.044M gained by Texas
  • New York … 3rd most populated state, has added 249.4K or 31.4% of the total job gains, but it too is way behind Texas
  • Florida … 4th most populous … has lost -100.3k net jobs since that time
  • Illinois …5th most populated has lost -170.0K

There’s much more at the post, and Greg asks if this will be a concern for Yellen.