Texas showing mixed signals on economic health

January 25, 2009 by Jenna_blog
Filed under: Texas News 

By SCHUYLER DIXON Associated Press

The state has managed to maintain job growth over the past year while 2.6 million jobs have been lost nationally. With foreclosures skyrocketing and home prices plunging in parts of the country, analysts say Texas homes are hanging on to their value.”We are a much more diverse economy,” said Ray Perryman, a longtime Texas economist. “We’re a net importer of energy now. While the oil industry still helps the state, it’s no longer the driving force in the entire state this time around.”

Still, there are signs that Texas is getting caught up in the churn of the sputtering national engine.

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