Texas Governor Rick Perry is preparing to jump into the race for the Republican nomination for president and his state's record on job creation will likely be a central focus of his campaign. A significant number of the jobs created in the U.S. over the past two years were created in Texas. This despite the widespread economic uncertainty and stubbornly high unemployment that's gripped the nation since the official end of the recession. However, in spite of its success at jobs creation, the state's unemployment number has remained stable.
Mike Davis, economics and finance professor at SMU Cox School of Business, talks about the resiliency of the Texas job market and economy.