I tried to be clear above that this chart doesn't account for the fluid nature of an economy with immigration and departures of hundreds of thousands of people, but I don't want to leave anyone with the wrong impression. So here it is: This chart doesn't account for the fluid nature of an economy with immigrations and departures of hundreds of thousands of people. The point of this chart is not to say "Texas should have 2.3% unemployment if only things were fair." Instead, it is an attempt to chart job growth in such a way that controls for people leaving one job market to enter another. To say "Wisconsin has a better job market than Texas because its unemployment rate is 0.6% lower" is a wholly untrue statement even though it cites accurate numbers. What this chart is meant to do is not posit a counter-factual, but to give a visual representation of the employment reality that is obscured by the way we calculate unemployment numbers.
So apparently there is NO myth busting going on there. since it wasn't even a factor in his own estimates...
...as well as a preponderance of low-wage jobs, especially in the housing sector.
It's the "McJobs" (a term we haven't heard since Maobama took office) myth that the data at the link destroys. From the analysis:
But the implication here is that the new jobs in Texas, the jobs that Texas seems to stand alone in creating at such a remarkable pace, are low paying jobs and don't really count.
If this were true, all these new low-paying jobs should be dragging down the wages data, right? But if we look at the wages data since the beginning of the recession...
And it turns out that the opposite is true. Since the recession started hourly wages in Texas have increased at a 6th fastest pace in the nation.
As a side note, the only blue state that has faster growing wages is Hawaii.
The campaign cheerleading threads for this guy will be non-stop for many months...Suddenly, if you don't support him, you'll be labeled a troll, or Communist or whatever, quickly reaching the point where nothing but praise and total supported will be accepted or tolerated.