Tags: Rick Perry | Rick Perry | texas | jobs | increase | creation

Rick Perry's Job Rate Four Times National Rate in Office

By    |   Sunday, 07 Jun 2015 01:41 PM

While Rick Perry was governor of Texas, his state added more than 2.2 million jobs at a growth rate of nearly four times the national rate, but an economist says governors and mayors attract jobs rather than actually creating them.

"That doesn't mean these elected are irrelevant to job growth," economist Jared Bernstein says, reports NPR.  "While the aggregate quantity of jobs in a nation is largely driven by macro and global trends, there's a lot sub-national officials can do to try to encourage the jobs that are created to locate in their states and cities. They affect less the number of jobs than where those jobs end up."

But that doesn't mean the numbers aren't certifiably high for the former Texas governor, who says the incredible job growth in his state is one reason Americans should choose him as their next president.

During Perry's 14 years in office, Texas added more than 2.2 million jobs, a growth rate of more than 23 percent, according to NPR's analysis of state employment data from the St. Louis Federal Reserve.

The data showed that there are only three GOP candidates or potential hopefuls who can claim job growth that was faster than the national rate, and those are Perry in the lead, followed by Louisiana Gov. Bobby Jindal and former Florida Gov. Jeb Bush.

In comparison to Perry's numbers, U.S. employment grew by just over 6 percent, meaning Perry's job growth was about 3.8 times as fast, and Perry, during his announcement speech, pointed that out.

"During my 14 years as governor, Texas companies created almost one-third of all new American jobs," he said in his speech, although, NPR points out that the actual figure is just under 28 percent.

There are many factors that can also attract businesses into a state, including creating research hubs near universities, but there are also bigger forces, reports NPR.

Texas' oil industry can drive job creation, the report said, no matter who is in office, and the state's unemployment claims are starting to climb as oil prices plummet.

Further, NPR points out that a 2011 analysis from Harvard economist Ed Glaeser showed that Perry's policies were only responsible for .1 percent of the job growth, once he controlled the analysis for how quickly Texas added jobs without Perry.

In addition, there are national trends that often obscure local developments, NPR points out. In Bush's case and that of former Arkansas Gov. Mike Huckabee, they both were out of office before the most-recent financial crisis hit, and their numbers may have been worse had they been in office when that happened.

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While Rick Perry was governor of Texas, his state added more than 2.2 million jobs at a growth rate of nearly four times the national rate, but an economist says governors and mayors attract jobs rather than actually creating them. That doesn't mean these elected are...
Rick Perry, texas, jobs, increase, creation
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2015-41-07
Sunday, 07 Jun 2015 01:41 PM
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