Is Texas America's best state economy?Is Texas America's best state economy?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=7412015-06-15T14:52:00Z2015-06-15T00:00:00Z

TEXAS - Everything is bigger in Texas, including economic growth.

Texas was America's second fastest growing economy last year, according to the new data from the Commerce Department. The state grew by a stellar 5.2 percent, behind only North Dakota.

Some argue Texas is the nation's best state economy given its size and low unemployment.

What's driving all this growth? Mining and manufacturing. Texas is producing textiles, food and more these days. Real estate and tech picked up the pace too.

But mining was the leading cause for growth in the Southwest region last year, especially in Texas and Oklahoma.

The concern is whether Texas can stay strong in 2015. JP Morgan's Chief U.S. Economist Michael Feroli says the state could even fall into recession if oil prices remain so low.

The Texas recipe: Still, three of the top five fastest growing U.S. cities — Houston, Austin and San Antonio — are in Texas.

The Texas growth story is deeper than just oil and mining. Many Americans are gravitating to the nation's second-largest state because it offers cheap housing in close proximity to cities as well as ample job opportunities.

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