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The June 2010, Monthly Review of the Texas Economy, has been published by the Real Estate Center at Texas A&M University and certainly contains valuable nuggets as to how the sectors of the economy have fared during the previous 3 years: 2007-2010.
From May 2009 to May 2010, health care and social assistance industry gained 52,900 jobs — a tremendous increase.
The state’s information industry (internet service providers, web search portals, publishing industries, broadcasting and telecommunications) lost 15,300 jobs from May 2009 to May 2010, a 7.4 percent rate decrease.
The state’s construction industry lost 46,500 jobs from May 2009 to May 2010, a 7.7 percent rate decrease. Jobs lost consisted of 13,200 jobs in heavy and civil engineering construction, 23,300 jobs in specialty trade contractors and 10,000 in construction of buildings.
From May 2007-2010, a three year period, the Texas economy’s…
Most Volatile Sector was…1. Mining and Logging 2. Construction
Most Stable Sector was…1. Government 2. Education and Heath Services
Hardest hit from beginning to end was…1. Construction 2. Mining and Logging
Best Performing was…1. Education and Health Services 2. Government
Best Forward Indicator was…1. Manufacturing 2. Financial Activities
Last to Become Affected was…1. Construction 2. Leisure and Hospitality
Best City as a Forward Indicator was…Dallas-Plano-IrvingLast City to Become Affected was…San Antonio-New Braunfels