POSTED: Friday, March 28, 2014 - 5:26pm
UPDATED: Saturday, March 29, 2014 - 9:53am
Tyler , TX (KETK) — Numbers show Texas has fully bounced back from the "Great Recession of 2007." Now, the Lone Star State is leading the charge in private sector job growth.Compared to the rest of the country, Texas did not suffer as much during the recession. But, we're now fully recovered. Across the state, even here in Tyler, more jobs are being created, Texas is attracting businesses from other states in sectors like oil, gas energy and the housing market.
"Other states, they envy Texas and trying to duplicate what Texas has done,'' said CEO of the Tyler Economic Development Council Tom Mullins.
According to reports, Texas and New York are the only two states that have restored all of the jobs lost when the recession hit in 2007.
"Texas is very diverse. There's a lot of activity going on, energy sector is strong, technology, biomedical, information tech, higher education research, so there are a lot of things going on in Texas that are positive," said Mullins.
Mullins said just in Tyler, job growth is predicted to go up 4.8% over the next couple of years.
And Tyler's unemployment rate is just above 6 %. Mullins said Texas is a very business-friendly state and our taxes are reasonably less.
"Governor Perry has been very aggressive in terms of going after big job creators and bringing them into the state and providing incentives for them to invest here and that combination has really paid off," said Mullins.
"It's a win win for employers and job seekers," said area manager for East Texas Workforce Solutions Stephen Lynch.
According to Texas Workforce, Texas employers added about 314,000 jobs this year.
"This particular year we've had more hiring events than the last five years," said Lynch.
Lynch said they've had several major employers that during the recession,had no openings. Those companies are now scheduling hiring events every month.
"There were times when people were looking at six months sometimes to find a job and we would see those same patrons in the center everyday doing job searches, today we see new faces not as often."
Lynch said when you look at Tyler and Longview, manufacturing, service industry, oil and gas and the medical sector are all hiring. He said they've seen a huge growth in construction, real estate, higher education and even technology. We're going to continue to see growth because Texas is very diverse. There are new businesses popping up all over our area with employers looking to hire hundreds of people, on both the construction and retail side. He said some patrons waited six months for a new job, but that wait time is decreasing.
"We've had demand for job fairs, mass hiring events, normally in a month we have one or two, but here lately we will have two or three a week at times our rooms reserved for employers are booked," said Lynch.
Lynch said a good indication the economy is doing better is when people start hiring again.They had one major job fair and they plan on having more in all 14 counties to keep the pace for the demand of labor.
Looking for a job?
Call the East Texas Solutions Workforce (903) 561-8131