Texas Faring Better than Nation Overall

COLLEGE STATION, Tex. (Real Estate Center) — The Texas economy continues to
outperform the U.S. economy in the current recovery. The state’s economy gained 194,400 jobs
from November 2009 to November 2010, an annual growth rate of 1.9 percent.
Over the same period, the U.S. economy gained 842,000 jobs, an annual growth rate of 0.6
percent. Texas’ private sector continues to play a key role in creating jobs, according to the Real
Estate Center’s Monthly Review of the Texas Economy for December.
The state’s private sector posted an annual employment growth rate of 2.2 percent compared
with 1 percent for the U.S. private sector from November 2009 to November 2010, said the
report’s authors Research Economist Dr. Ali Anari and Chief Economist Dr. Mark Dotzour.