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Hot job markets in a cooling economy

The past year has been a rocky one for the U.S. economy.

The nation has seen 394,000 private-sector jobs slip away since mid-2007, equaling a loss of 7,570 jobs each week. The unemployment rate has shot up a full point during the same span — from 4.7 percent at the halfway point of 2007 to 5.7 percent this year.

But a few sections of the country have managed to dodge this economic carnage. The most prominent exception is Texas, which is home to America’s three hottest labor markets, according to a new bizjournals study.

by G. Scott Thomas

Full Story: http://www.bizjournals.com/edit_special/70.html

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