|Unemployment adjusted for population growth|
"On Texas, let me be the first one
To confirm their job rates
Are the best of the states,
Whether Perry's the best or the worst one."
In response to last Friday's limerick ("Faith-Based Economics"), which cited the work of economists attempting to debunk the "Texas Jobs Miracle," a conservative friend sent a link to a meticulously researched blog post that concluded, in essence: "Now wait a minute - this here Jobs Miracle is real!" The Political Math Blog, by Matthias Shapiro, analyzes the data behind the claims and counterclaims that are loosed in the heat of electoral combat. Shapiro concludes:
My advice to anti-Perry advocates is this: Give up talking about Texas jobs... Not only are they creating them, they're creating ones with higher wages.Whether Texas Governor Rick Perry, in his eleven years in office, had much to do with the Miracle is another matter, and may lead us to question the extent to which any political executive can ever be said to create (private sector) jobs.