Texas Jobs See Record Surge
Texas employment surged in February as employers added the most new jobs ever in a month. The Texas Workforce Commission on Friday reported 80,600 new jobs across the state. New jobs were heavily in construction, housing and energy. The next closest state with job gain was California with 42,000 net new jobs. “The addition of over 80,000 jobs in Texas in one month is remarkable,” notes Ray Perryman, an economist with the Perryman Group.
- Dallas Morning News, March 30, 2013
Texas Oil Production Surges 30%
The Texas oil boom is showing no signs of abating. Statistics released by the Texas Railroad Commission this week showed oil production in January rose 30 percent over the same period a year ago to more than 1.4 million barrels a day. “I don’t see this slowing anytime soon. Not with the oil prices where they are,” said Michael Powell Jr., editor of the Powell Shale Digest.
- Dallas Morning News, March 30, 2013
Home Prices Make Huge Year-Over-Year Jump
The S&P/Case Shiller 20-City Composite index posted its largest year-over-year gain in January since the summer of 2006. It showed home prices up 8.1% in all 20 major metro areas since January 2012, and the first report that showed all areas of the country have price increase. The top 10 cities with price gains are as follows:
· 12.1.% - Los Angeles
· 12.1% - Minneapolis
· 10.8% - Miami
· 9.8% - San Diego
· 9.2% - Denver
· 8.9% - Tampa
· 8.7% - Seattle
· 8.3% - Portland
· 7.0% - Dallas
· 6.0% - Charlotte
- Inman News, March 26, 2013
