Tax cuts fueling job growth, consumer confidence says Marcus Hiles

Tax cuts fueling job growth, consumer confidence says Marcus Hiles

Job growth in Texas has outpaced that of the U.S. as a whole, says Western Rim Property Services Chairman and CEO Marcus Hiles. As of January 2016, the state had added more than 1.3 million jobs to its pre-recession employment peak, a result of Texas achieving post-recession growth more than two years ahead of the national average. The unemployment rate in Texas is also lower – 4.4 percent compared to 5 in April than the national average, resulting in job growth that is two years ahead of the national average. This has resulted in a robust Consumer Confidence Index (CCI), which sits at 117.6 in Texas and 92.6 nationwide. $5 billion in tax cuts over the past three years have stimulated the Texas economy and driven a massive influx into the housing market. Single-family building permits are up 6 percent with the year-over-year price of existing homes increasing by 5.9 percent.

Read more here: http://finance.yahoo.com/news/marcus-hiles-encourages-everyone-texas-093000539.html

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