The whole story: Rick Perry's Texas jobs boom

“Over the last two years, 40% of the net new jobs created in the United States were created in Texas,” he told a conference of state legislators from around the nation this week.

But that doesn’t mean that all is well with employment in the Lone Star State. Texas leads the nation in minimum-wage jobs, and many positions don’t offer health benefits. Also, steep budget cuts are expected to result in the loss of more than 100,000 jobs.

Perhaps most importantly, Texas can’t create jobs fast enough to keep up with its rapidly growing population. Since 2007, the state’s number of working-age residents expanded by 6.6%, nearly twice the national average…

Of course, Texas enjoys advantages that have nothing to do with having Perry at the helm. Rich in natural resources, the state has been benefiting from the high price of oil and the expanded interest in natural gas exploration. Energy employment has soared by 16.8% over the past year alone.