Texas has gained more than 1 million net new jobs in the decade Perry has led the state.
Texas leads the nation in minimum-wage jobs, and many positions don't offer health benefits.
,
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.
Factoring in that population growth means Texas would need to create another 629,000 jobs, or 5.6% more positions, just to reach its pre-recession employment level, according to the Economic Policy Institute.
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.
Construction jobs have grown by 5.4% in the past year. Employment in professional services is up 4.5% and in the hospitality business by 3%. Only the government and information technology sectors have seen drops, of 1.4% and 5%, respectively.
Many of the positions that have been created are on the lower end of the pay scale. Some 550,000 workers last year were paid at or below the federal minimum wage of $7.25, more than double the number making those wages in 2008, according to the Bureau of Labor Statistics.
That's 9.5% of Texas' hourly workforce, which gives it the highest percentage of minimum-wage hourly workers in the nation -- a dubious title it shares with Mississippi.
Perry signed a budget in May that slashes $15 billion in government spending over the next two years.
The federal stimulus funds that poured into the state since 2009 have largely dried up.
Steep budget cuts are expected to result in the loss of more than 100,000 jobs.
Excerpts from
http://money.cnn.com/2011/08/12/news/economy/perry_texas_jobs/index.htm