Texas Economy Sees Edge of Recession
According to the Real Estate Center at Texas A&M, the Texas economy experienced a little bit of the national recession with a loss of 113,600 jobs from March 2008 to March 2009. The Center further stipulated that the U.S. economy lost more than 4.8 million jobs in the same time period. Some sectors of the Texas economy actually has positive growth numbers. Those sectors included education, health services, natural resouce related and government.
According to the Texas Comptroller’s office, both the U.S. and Texas economies have contracted in 2009, but Texas continues to perform relatively better than the nation. The Comptroller’s office estimates that the Texas gross state product will contract by 1.7 percent during calendar 2009 and that the U.S. economy will shrink even more, by 2.8 percent for the year
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