Texas Economy: 101
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Transcript of 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.