Keeping with the trend of a stabilizing and recovering economy, Texas is in the lead with one of the lowest unemployment rates in the nation, having an additional 50,000 new jobs added in the last quarter.

According to a study by SigmaBleyzer, Texas is one of the 10 largest states that can boast having the lowest unemployment rate. Despite losing 24,000 jobs in construction, trade, transportation and hospitality, Texas actually added 50,000 new jobs during the last quarter.

It is not only a decrease in unemployment that makes many hopeful; there are also continuing signs of recovery in the housing market, as well as the fact that Texas has one of the fastest growing populations in the country. This steady population growth will continue to keep the housing demand stable and long-term. It is no surprise then that approximately 27% of all new privately owned housing properties throughout the 20 largest cities in the U.S. are located in the Houston and Dallas areas, according to the U.S. Census Bureau.

Not only does Houston have a stable and sustained housing market, but their export activity is on the rise and Texas continues to be the largest exporter for the eighth year in a row. According to SigmaBleyzer, a private equity firm based in Houston, high oil prices and improving foreign demand for high-tech manufacturing are increasing, thus export activity is recovering. Unlike many other regions, when exports were on the decline nationally by 21%, Texas exports had only declined by 18%.

Houstonians can look to the future with hope, knowing they are in a city of stability and strength. Even in the midst of an economic downturn, things are looking up and can turn around.

Source: Houston.bizjournals.com