Economics

California's Job Growth Outpaces Texas's

A sign that California may be recovering faster than Texas

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By James Nash and Darrell Preston

September 6, 2012 at 8:01 PM UTC

This article is for subscribers only.

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This article is part of the September 10, 2012 issue of businessweek.

In April 2011, a group of 11 California state officials traveled to Austin to see what they could learn from Texas. The state had added 100,000 more jobs than California during the previous 12 months, and its 8 percent unemployment rate was nearly 4 percentage points lower than California’s.