1. TEXAS ECONOMY II APRIL 14, 2016

2. JOB GROWTH AND UNEMPLOYMENT

3. Did the Great Recession hit Texas as hard as it did the rest of the country? Has the recovery in Texas been stronger or weaker than the national recovery? No Stronger

5. Governor Rick Perry calls this the Texas Miracle.

6. GLOBAL COMPARISONS

7. 2015 Data

8. UNEMPLOYMENT RATE In January 2016, the unemployment rate was 4.7 percent in Texas compared with a national unemployment rate of 5.0 percent. Is the unemployment rate in Texas always lower than the national rate? No

9. What’s the explanation for the data in this chart?

10. COST OF LIVING THE COST OF LIVING IS THE AMOUNT OF MONEY NEEDED TO SUSTAIN A CERTAIN LEVEL OF LIVING, INCLUDING BASIC EXPENSES SUCH AS HOUSING, FOOD, TAXES, AND HEALTHCARE.

11. COMPARING CITIES NEW YORK, NEW YORKHOLLY SPRINGS. MISSISSIPPI

12. Where would you prefer to live?

13. EXPLAINING COST OF LIVING

15. COST OF LIVING AROUND THE NATION Does cost of living vary within a state? Yes What areas would you expect to have a higher cost of living, metro or non-metro? Metro areas

16. 2014 data

22. QUIZ Which city has the highest cost of living? A)Houston B)Oklahoma City C)Dallas D)New York The answer is D.

23. WHAT YOU HAVE LEARNED How does Texas compare with that in other states in terms of job growth and the unemployment rate? How does the cost of living in Texas compare with that in other states?