Perryman: Manufacturing is a Cornerstone of the Texas Economy
Over the past year, approximately 37,200 net new jobs were added in the Texas manufacturing businesses, according to the U.S. Bureau of Labor Statistics. That is, according to economist Ray Perryman, approximately one out of seven new positions added in the state from September 2016-September 2017. As such, he went on to note in a recent report, “manufacturing is a cornerstone of the Texas economy, employing more than 7% of Texans, paying high wages, and producing hundreds of billions in goods for export each year.”
Interestingly enough, Texas’ expansion in manufacturing was the highest in the nation when it comes to job numbers. Not only did it have the largest year-over-year increase, it also had the fastest rate of growth at 4.4%. Top products manufactured and exported in 2016 included petroleum products, aircraft engines and parts, computer-related products and various chemicals.
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