Monday, October 20, 2014

Record Breaking Job Growth

Well Texas is doing something right, in the past month we have had record breaking job growth for a twelve month span. I randomly came across this article while reading up on some recent political standings. I was surprised to of not heard about this earlier. Obviously jobs are one of the most important things about our economy, it's funny to me that no one was jumping up and down yelling about this. With the recent Ebola concerns and increased drilling who would have thought that our unemployment rates would drop significantly. Maria Halkias, the staff writer of this article, points out our past missteps and worries about big jumps in employment. Many people are nervous and think that it is too good to be true, which causes more doubt and less spending. She makes a great point, that we need Texans comfortable and spending money, to keep this job trend rising. When we Texans spend money it goes directly back into our economy and helps produces and keep the jobs we are so desperate for. Maria nails this story to the wall when she brings up wage increases. "We're having a broad-based increase in job growth in Texas, sooner or later we're going to have to see wage increases..." Basically, with the unemployment rate low people will be holding jobs longer and raises will need to be given out. Raises equal better money, better money equals more spending, more spending leads to more jobs. I feel that this story was super informative and fresh. People have become numb to our unemployment rates and I think it's awesome that someone is still talking about them. It's not like jobs are important or anything!

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