Texas keeps record low unemployment for third straight month

For the third straight month, Texas has maintained a record low unemployment rate as jobs continue to be created.

Since the Trump tax cut there's been continued strong job growth in low-tax states.

The Heritage Foundation co-host of Heritage Explains podcast Tim Doescher said it's important to get back to the basics.

"We see prosperity happens when people have more money and more freedom to spend that money the way they see fit and not government taking that money and that happens in Texas with good solid policy," said Doescher.

He said businesses are drawn to states with lower taxes and less regulations.

"People are, no question, if you look at the data, moving from California into Texas like none other, and that is a reflection of good policy," said Doescher.

He said low taxes and regulations urges business to hire and more jobs come to Texas.

The Southwest Information Office of the U.S. Bureau of Labor Statistics today released results from the Consumer Expenditure Survey for Dallas-Fort Worth and Houston. These releases provide annual household expenditures and selected demographic characteristics for the Dallas-Fort Worth-Arlington and Houston-The Woodlands-Sugar Land metropolitan areas for the period 2017-18. Assistant Commissioner Stanley W. Suchman noted the following points of interest regarding spending in each area:

  • Households in the DFW area spent $66,282per year during the 2017–18 period and Houston households spent $69,153 annually, both above the national average of $60,580.
  • Although households in the Dallas and Houston areas spent more than the U.S. average, they tended to allocate their dollars similarly among many of the major categories.
  • Housing was the largest expenditure category in both Dallas and Houston, accounting for slightly more than 34 percent of total household expenditures.
  • Dallas and Houston households spent less of their budgets on food than the U.S. average, at 11.1 percent in Dallas and 11.8percent in Houston; the U.S. average was 12.9 percent.

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