Marcus Hiles -  Texas Outpaces the Nation for Job Growth

Marcus Hiles – Texas Outpaces the Nation for Job Growth

Marcus Hiles, the founder of Dallas-based Western Rim Property Services, is certain that Texas policies have been a boon for job growth that put the Lone Star State ahead of the rest of the U.S. Texas achieved post-recession job recovery two years earlier than the entire country. The state had offered over 1.3 million new jobs, adding to its already solid pre-recession employment experience, by January 2016. In view of the fact that the state’s unemployment rate has consistently been less than in the country as a whole – in April, it was 4.4 percent in Texas whereas the rest of the country saw a 5-percent unemployment rate, cumulatively- consumer confidence has been admirably resilient and high. May’s Texas Consumer Confidence Index (CCI), which determines economic optimism, according to savings and spending characteristics, was 117.6. At the same time, the U.S. CCI constituted the overall rating of 92.6. The robust Texas economy – boosted by additional $5 billion in tax reduction over the course of recent years – had a positive effect on the housing industry. The year-over-year price of houses has featured a 5.9-percent growth, whereas single-family building permits increased by 6 percent in number.

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