Monday, May 18, 2015

Don't Believe the Latest Jobs Report

I recently saw this opinion piece and found it provocative enough to do some fact checking on my own.

What I discovered after pulling the April jobs data is that the author is factually correct in computing the statistics presented here.  While it is unclear what this actually means for Texarkana, I can tell you that our present Business Retention and Expansion Surveys are showing much more optimism.  Over 3/4 of the businesses surveyed are introducing new products and are hiring new employees (or plan to do so in the next year).  Very few project a decline.

While our national job picture may be in doubt, Texarkana USA is again bucking the trends and shows signs of real optimism.

- Bill