The State of Working Texas 2006
Don Baylor /(512) 320-0222 x 108
September 6, 2006
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Every year around Labor Day, CPPP issues a report on the status of the Texas economy in conjunction with the national Economic Policy Institute. This report finds that nearly five years since the 2001-02 recession, the economy has yet to rebound with advances in household income or real wages. In fact, Texas has shown a 6.2% decline in real median household income since 2002. Virtually all demographic groups have experienced this trend, with younger workers and African-Americans especially hard hit. On a positive note, although still above the national average, Texas' unemployment rate continues to decline and Texas is adding jobs at a faster rate than the U.S. as a whole.