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