Wednesday, October 30, 2013

Where the Jobs Are via Real Estate Center at Texas A&M

Texas’ economy is all about jobs. To better understand how the state’s metropolitan and nonmetropolitan areas contribute to total jobs in Texas, the Real Estate Center researched the relative contributions of various regions on the aggregate economic activities of Texas. Employment, income and gross domestic product were analyzed.

There were four key findings:
• Jobs are highly concentrated in the state’s metropolitan areas because of the high degree of metropolitanization of the Texas economy.
• Four major Texas metros (Dallas-Fort Worth-Arlington, Houston-Sugar Land-Baytown, San Antonio-New Braunfels, and Austin-Round Rock-San Marcos) account for more than two-thirds of Texas jobs.
• Two giant metros, Dallas-Fort Worth-Arlington and Houston-Sugar Land-Baytown, are home to more than half of Texas jobs.
• Changes in the relative shares of jobs in the state’s metros are attributable to changes in the relative growth rates of metro industries, particularly since 2000, because of higher oil prices.

Read more...Where the Jobs Are via Real Estate Center at Texas A&M

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