Texas forecast: best state for future job growthTexas forecast: best state for future job growthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=24842014-11-14T10:28:00Z2014-11-13T00:00:00Z

TEXAS - The Lone Star State ranked first for economic climate and future job growth and sixth on “The Best and Worst States for Business 2014” list, according to Forbes Magazine.

Texas added 2.1 million jobs since 2000, more than twice as many as any other state. Texas is expected to have an annual job growth rate of 2.7 percent over the next five years — the fastest in the nation — according to Moody's Analytics.

"Texas has done well primarily because it is an energy center. You really can't get around that," said Edward Friedman, an economist who tracks Texas for Moody's Analytics.

"Every major energy and oil company has realized over the last 15 years that the only place to be is Houston."

The Texas economy have benefited from growth from the Eagle Ford Shale in South Texas, which pumped an estimated $87 billion into the state's economy in 2013 and supported 115,000 jobs.

In addition to Texas' impressive job growth, it also is expected to have the second-fastest economic growth rate over the next five years: 4.1 percent annually.

Texas Categories
List Rank
Economic climate 1
Growth Prospects 1
Best states for business 6
Labor supply 11
Business costs 13
Regulatory environment 16
Quality of fife 33

Read more at Forbes and the San Antonio Business Journal.

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