Texas job growth this year projected at 1.6%

Job growth in Texas is expected to reach 1.6 percent by the end of 2020, down from the state’s 2019 job growth of 2.3 percent, according to a new study by Kiplinger that assessed state economic outlooks.

Texas ranked seventh among the 50 states and the District of Columbia based on its projected job growth this year, according to the Kiplinger analysis.  The state’s current jobless rate is 3.4 percent.

Generally, tax revenues flowing to states should remain healthy in the next several quarters due to rising incomes, modest inflation and low unemployment, Kiplinger reports. State spending should rise only modestly in the coming year, according to the report, and states are putting more money in their rainy-day accounts.

But regions are also struggling somewhat due to a number of financial challenges, The trade war between the United States and China is hurting Midwest farmers, while New England growth is slowing because of a lack of skilled workers, the report said.

2020 Economic Outlooks, State by State

State Population Jobless Rate 2019 Job Growth 2020 Job Growth Job Growth Rank Based on 2020 Data
Nevada 3,034,000 4.1% 3.0% 2.0% 1
Utah 3,161,000 2.8% 3.0% 2.0% 1
Florida 21,299,000 3.3% 2.5% 1.9% 3
Idaho 1,754,000 2.9% 2.5% 1.8% 4
Arizona 7,172,000 5.0% 2.5% 1.7% 5
Washington 7,536,000 4.6% 2.6% 1.7% 5
Texas 28,702,000 3.4% 2.3% 1.6% 7
Colorado 5,696,000 2.8% 2.1% 1.4% 8
Oregon 4,191,000 4.0% 1.9% 1.3% 9
Alabama 4,888,000 3.1% 1.8% 1.2% 10
Georgia 10,520,000 3.6% 1.7% 1.2% 10
North Carolina 10,384,000 4.2% 1.6% 1.0% 12
South Dakota 882,000 2.9% 2.1% 1.0% 12
California 39,557,000 4.1% 1.8% 0.9% 14
South Carolina 5,084,000 3.2% 1.5% 0.9% 14
Tennessee 6,770,000 3.5% 1.7% 0.9% 14
Iowa 3,156,000 2.5% 0.7% 0.8% 17
Kentucky 4,468,000 4.4% 1.1% 0.8% 17
Mississippi 2,987,000 5.2% 1.4% 0.8% 17
Missouri 6,126,000 3.2% 1.2% 0.8% 17
Rhode Island 1,057,000 3.6% 1.3% 0.8% 17
Virginia 8,518,000 2.8% 0.8% 0.8% 17
Delaware 967,000 3.4% 1.0% 0.7% 23
Kansas 2,912,000 3.2% 1.0% 0.7% 23
Massachusetts 6,902,000 2.9% 1.0% 0.7% 23
Minnesota 5,611,000 3.3% 0.4% 0.7% 23
Montana 1,062,000 3.3% 1.2% 0.7% 23
Nebraska 1,929,000 3.1% 0.6% 0.7% 23
New Hampshire 1,356,000 2.5% 1.6% 0.7% 23
New Mexico 2,095,000 4.9% 1.9% 0.7% 23
Washington, D.C. 702,000 5.5% 1.1% 0.7% 23
Arkansas 3,014,000 3.4% 1.1% 0.6% 32
Indiana 6,692,000 3.3% 0.9% 0.6% 32
New Jersey 8,909,000 3.2% 1.2% 0.6% 32
Illinois 12,741,000 4.0% 1.1% 0.5% 35
Maine 1,338,000 2.9% 0.8% 0.5% 35
Maryland 6,043,000 3.8% 0.3% 0.5% 35
New York 19,542,000 4.0% 1.1% 0.5% 35
Pennsylvania 12,807,000 3.9% 0.7% 0.5% 35
Vermont 626,000 2.1% 0.7% 0.5% 35
West Virginia 1,806,000 4.6% 0.9% 0.5% 35
Hawaii 1,420,000 2.7% 0.4% 0.4% 42
North Dakota 760,000 2.4% 0.6% 0.4% 42
Ohio 11,689,000 4.1% 0.6% 0.4% 42
Wisconsin 5,814,000 3.1% 0.4% 0.4% 42
Wyoming 578,000 3.7% 1.5% 0.4% 42
Alaska 737,000 6.2% 1.1% 0.3% 47
Oklahoma 3,943,000 3.2% 0.5% 0.3% 47
Connecticut 3,573,000 3.6% 0.4% 0.2% 49
Louisiana 4,660,000 4.3% 0.1% 0.2% 49
Michigan 9,996,000 4.2% 0.4% 0.2% 49

Source: Kiplinger.com

This article was first published by The Center Square.

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