This post was written by Simon van Norden of HEC-Montréal.
In normal times, people could care less about employment growth in Texas. But times are strange enough that our neighbours to the south are suddenly making an issue of it. (It’s even in the New York Times! (1) (2))
I know very little about Texas, but I hear they have oil. I would have thought that this would help the economy these days. So to satisfy my curiousity, I wanted to know how their employment growth compared to other prosperous, western places with oil. That made me think of Alberta and Norway (places that I have visited more than Texas.) Evidently, Texas employment growth has not been as strong in recent years as those places.
All figures are based on annual averages of employment, normalized to 2005 levels.
- Texas figures are for monthly total payrolls, series TXNA from FRED.
- Alberta figures are for quarterly total employment, series RLEMA from the Conference Board of Canada
- Norwegian figures are for annual total employment, from the OECD.