Saturday, March 29, 2008

Recession Watch: Not In Texas

Recession Watch: Not In Texas, Jobless Rate Hits Record Low, Even Construction Sector is Booming:
The Texas jobless rate dropped to 4.1% in February – a low not seen since the mid-1970s, the Texas Workforce Commission reported Thursday.
Anecdotally, I find this to be true. It is difficult to hire qualified applicants and restaurant waiters at high-end restaurants are young and inexperienced. There is construction everywhere around the perimeter beltway and near the new container facility. Now, if I could only say the same for the chemical business.

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