According to the Bureau of Labor Statistic’s (BLS) August state employment report released last Friday, Texas’ entrepreneurs added more jobs over the last year than any other state in the nation. To further solidify the state’s job creation success, Texas’ unemployment rate has now been lower than the national average, and California’s, for 80 consecutive months — longer than President Obama has been in office (see below).
Although there remains work to do to create the best entrepreneurial environment for job growth in Texas, this report is a clear indication that other states, and Washington, D.C., can learn from the Lone Star State where there is no state income tax, low level regulations, and relatively limited government spending.
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