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Oops!.....
Posted on: April 17, 2017 at 21:20:10 CT
STL1DFW STL
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California is making comparisons while it taking into consideration a larger overall population, for the moment at least, while nit mentioning it much higher Unemplyment Rate!!
It also did not consider Non-Farm work increases!
Very misleading, but that's what a failing & bankrupt has to try, I suppose.
"For our part, we noticed that Castro compared raw changes in jobs over slightly different time periods. Economists we queried agreed the population difference between the states makes raw counts less useful than rate-of-change comparisons. At the time Castro spoke, the latest available U.S. Census Bureau population estimates indicated that as of July 2015, the Golden State was home to 38.8 million people and Texas had 27 million residents--or 30 percent fewer.
To compare job gains for each state over a similar period, we turned to Cheryl Abbot, a regional economist in the Dallas office of the Bureau of Labor Statistics. By email, Abbot advised that from May 2015 through April 2016, 32 states had statistically significant year-over-year increases in nonfarm payroll employment. The largest job gains, she said, were in California, Florida and Texas, with 440,300, 253,900 and 171,800 jobs gained, respectively.
In percentage growth, Abbot said, the annual rate of jobs growth for California was 2.8 percent, compared with Texas’ 1.5 percent.
So, booyah for California?
We asked Daniel Hamermesh, an economist at the Royal Holloway University of London formerly employed by the University of Texas, to assess the jobs figures with Castro’s claim in mind. By email, Hamermesh replied that Castro was right for the short term though Texas continues to look better in the long view; from May 2006 to May 2016, the state saw job gains of 18.6 percent as California experienced 8 percent growth, Hamermesh said.
After we downloaded the government’s monthly counts of jobs in each state, we found that as of May 2016, California had experienced greater percentage gains in employment than Texas for every 12-month period going back to 2011. It’s only if you go back further that Texas’s jobs growth exceeds the growth for California.
This doesn’t entirely mean Texas loses out. Separately to our inquiry, Tara Sinclair, chief economist for Indeed, a job-posting service, pointed out by email that Texas has long enjoyed a lower unemployment rate--a facet Castro didn’t mention.
Sinclair drew on data posted by the Federal Reserve Bank of St. Louis to show that Texas’ unemployment rate has trailed California’s rate since before 2010. Sinclair also prepared a graph showing that since about 1990, Texas has had a better nonfarm employment-to-population ratio than California, though both states have shown improvement since 2010:"
http://www.politifact.com/texas/statements/2016/aug/17/julian-castro/julian-castro-says-california-besting-texas-creati/
It also did not consider Non-Farm work increases!
Very misleading, but that's what a failing & bankrupt has to try, I suppose.
"For our part, we noticed that Castro compared raw changes in jobs over slightly different time periods. Economists we queried agreed the population difference between the states makes raw counts less useful than rate-of-change comparisons. At the time Castro spoke, the latest available U.S. Census Bureau population estimates indicated that as of July 2015, the Golden State was home to 38.8 million people and Texas had 27 million residents--or 30 percent fewer.
To compare job gains for each state over a similar period, we turned to Cheryl Abbot, a regional economist in the Dallas office of the Bureau of Labor Statistics. By email, Abbot advised that from May 2015 through April 2016, 32 states had statistically significant year-over-year increases in nonfarm payroll employment. The largest job gains, she said, were in California, Florida and Texas, with 440,300, 253,900 and 171,800 jobs gained, respectively.
In percentage growth, Abbot said, the annual rate of jobs growth for California was 2.8 percent, compared with Texas’ 1.5 percent.
So, booyah for California?
We asked Daniel Hamermesh, an economist at the Royal Holloway University of London formerly employed by the University of Texas, to assess the jobs figures with Castro’s claim in mind. By email, Hamermesh replied that Castro was right for the short term though Texas continues to look better in the long view; from May 2006 to May 2016, the state saw job gains of 18.6 percent as California experienced 8 percent growth, Hamermesh said.
After we downloaded the government’s monthly counts of jobs in each state, we found that as of May 2016, California had experienced greater percentage gains in employment than Texas for every 12-month period going back to 2011. It’s only if you go back further that Texas’s jobs growth exceeds the growth for California.
This doesn’t entirely mean Texas loses out. Separately to our inquiry, Tara Sinclair, chief economist for Indeed, a job-posting service, pointed out by email that Texas has long enjoyed a lower unemployment rate--a facet Castro didn’t mention.
Sinclair drew on data posted by the Federal Reserve Bank of St. Louis to show that Texas’ unemployment rate has trailed California’s rate since before 2010. Sinclair also prepared a graph showing that since about 1990, Texas has had a better nonfarm employment-to-population ratio than California, though both states have shown improvement since 2010:"
http://www.politifact.com/texas/statements/2016/aug/17/julian-castro/julian-castro-says-california-besting-texas-creati/
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Oops!..... - STL1DFW STL - 4/17 21:20:10
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