texas economy: 101

Texas Economy 101Travis M Pohl

Texas and Employment

• Texas has a 4.4% unemployment rate.

• The National Average is 5.5%.• Some of Texas’s key industries

include: agriculture, oil and natural gas, steel, banking, and tourism.

Texas is one of the largest economies in the USA and yields a high contribution to annual employment growth.

Major Companies in Texas

National Companies• American Airlines• Southwest Airlines• Dell• Hewlett-Packard• Whole Foods Market,

Inc.

Top Oil Companies• ConocoPhillips• Marathon Oil• Exxon-Mobil• Tesoro• Valero

Whole Foods Market, Inc.

• Started as a local, organic market in the late 70’s (Austin, TX).

• Expanded to Houston, Dallas, and Canada.

• Now a large corporation with international markets.

Texas Global GDP Comparison

Texas has a GDP rank with countries like Canada, Russia, and India. Image Source: Wikipedia

Other Statistics

• The Texas mining and logging industry saw a generous production increase in 2011.

• 2014 saw an increase in single family home and automobile sales.

• A steady increase in non-farm related employment has been apparent over the last few years.