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Old 05-29-2013, 06:43 PM   #63
dude1394
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Texas kicking it.
http://www.theatlantic.com/business/...5927/#comments
"Texas is killing it.

It dominated the recession, crushed the recovery, and in a new analysis of jobs recovered since the downturn, its largest city stands apart as the most powerful job engine in the country -- by far.

The ten largest metros have recovered 98 percent of the jobs lost during the recession, on average. But Houston, the first major city to regain all the jobs lost in the downturn, has now added more than two jobs for every one it lost after the crash. That's incredible.



So, how come? There's the abundant land and famously favorable business climate (although let's not dwell on the actual climate). With its proximity to oil and Mexico, Houston is blessed by topography and geography. But the secret sauce of the city's success might be something else: history -- and an ability to learn from past mistakes.

The recession in Texas was relatively mild, partly thanks to mistakes learned by the region's real estate and energy industries, said Patrick Jankowski, an economist and vice president of research at the Greater Houston Partnership. Texas "won" the recession not only because of the jobs it's created, but also because of the jobs it's hoarded -- particularly in energy."
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Last edited by dude1394; 05-29-2013 at 06:44 PM.
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