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Some States Still Not Recovered From Great Recession

According to Real Estate Center at Texas A&M:

Texas had matched its prerecession nonfarm employment peak by the end of 2011, a period of only three years. The U.S. took seven years, attaining parity in 2014.

The general thought is that a boom in oil and gas activity occurred at just the right time to carry Texas through the recession. That is indeed part of the story, but head-to-head data comparisons reveal that Texas has been at a comparative advantage for some time.

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