Texas Economy

Texas
7:31 pm
Tue September 2, 2014

Texas Welfare Rate Among Lowest in Country

A map showing the percentage of households in 2012 that received public assistance in the past 12 months.
U.S. Census Bureau

Texas has one of the nation's lowest rates of people on welfare, according to a new report from the U.S. Census Bureau. It says 1.8 percent of Texas households received benefits through the Temporary Assistance to Needy Families (TANF) program in 2012. 

Only Wyoming (1.7 percent), South Carolina (1.6 percent), North Dakota (1.5 percent) and Louisiana (1.5 percent) had lower welfare rates than Texas. The United States average is 2.9 percent. The tally did not include food stamps or Social Security benefits. 

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Austin
2:54 pm
Thu May 22, 2014

Austin the 'Nation's Capital of Population Growth' in New Census Data

New census information has Central Texas leading the way in percentage of population growth.
flickr.com/rhubarble

There’s no shortage of news on how rapidly Austin is growing, but a new report puts that expansion in a larger context, dubbing Austin "the nation’s capital for population growth."

New U.S. Census data shows much of the nation's growth is concentrated in Texas, with Austin at the epicenter. Austin-area cities San Marcos, Georgetown and Cedar Park are all recognized for high percentage growth.

For the city of Austin, that growth meant 21,000 new residents between 2012 and 2013. State Demographer Lloyd Potter says it doesn't look like that growth will slow down anytime soon.

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Business
7:43 pm
Tue May 6, 2014

Oil and Gas Companies Are Now Poaching Employees From Each Other

Oil rigs and tankers off the coast of Galveston
Credit https://flic.kr/p/xzPDU

The global boom in energy production driven by fracking and horizontal drilling is leading to a shortage of skilled workers. A new report by the human resources firm Mercer says two-thirds of oil and gas companies are now poaching employees from their competitors.

"The industry seems inclined when an individual is trained and developed by a competitor to, especially in the first five years of employment, go after that key talent, as opposed to training and developing their own,"  says Philip Tenenbaum, a senior partner at Mercer. 

He says in some cases, the practice has become quite overt.  

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Texas
8:41 am
Tue January 28, 2014

Texas' Income Gap Widens as Minority Populations Grow

In Texas, poverty rates among Hispanics and African Americans are about 2.5 to 3 times higher than whites.
Veronica Zaragovia, KUT

President Barack Obama delivers his State of the Union address tonight. He’s expected to make a big deal about economic mobility and reducing income inequality in the U.S.

But the challenges are substantial when it comes to narrowing the divide. Texas has the eighth highest level of income inequality,  based on 2010 Census data.

"In terms of Texas, we have a lot of upper end income inequality," says Mark Frank, an economics professor at Sam Houston State University. "We have a lot of income inequality because we have the top 1 percent or .01 percent."

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Agenda Texas
11:16 am
Wed October 30, 2013

Abbott Would Limit State and Local Spending as Governor

Texas Attorney General Greg Abbott at The Texas Tribune Festival on Sep. 28, 2013. Abbott released his first major policy plan this week.
Callie Richmond, flickr.com/thetexastribune

The leading Republican in the race to be the next Texas Governor has released his first major policy plan of the campaign. Attorney General Greg Abbott’s “Working Texas” plan includes several proposals for restraining state and local government spending. 

Parts of the plan are a nod to proposals in Governor Rick Perry’s 2012 Texas Budget Compact. That includes linking the state’s constitutional spending cap to population growth and inflation instead of growth in personal incomes.

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