Texas Governor Greg Abbott is taking a victory lap after new data shows the Lone Star State led the nation in job creation over the past year.

Employment figures released this week by the Bureau of Labor Statistics show that Texas saw the largest job gains of any state between September 2023 and September 2024, with 327,400 additional jobs. California comes in second with 265,300 jobs created over the past year, and Florida comes in third with 204,700.

Texas Governor Greg Abbott during the Republican National Convention (RNC) at Fiserv Forum in Milwaukee, Wisconsin, United States, Wednesday, July 17, 2024. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

“Texas continues to lead as America’s jobs engine,” Abbott said in a statement. “America’s leading companies are fleeing the grip of excessive regulation in other states to take advantage of competitive business advantages found only in the United States. in Texas“.

The Republican touted Texas’ business climate as the best in the nation and said more Texans are working now than ever before in the state’s history. Texas now has 15.4 million workers.

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Abbott’s tenure as governor since 2015 has seen an influx of companies moving their headquarters to the state, which imposes no personal or corporate income tax and touts its business-friendly regulations. businesses.

Several large companies have fled high-tax states and moved their headquarters to Texas in recent years, including Oracle and Caterpillar, as well as Elon Musk’s TeslaSpaceX and social media platform

The Tesla Gigafactory under construction in Austin, Texas, United States, Tuesday, February 1, 2022. Several large companies have moved their headquarters to Texas in recent years, including Tesla. (Thomas Allison/Bloomberg via Getty Images / Getty Images)

They are not alone.

A report published by the New York Federal Reserve Earlier this year, Texas was found to lead the nation between 2010 and 2019 in attracting businesses from other parts of the country.

More than 25,000 establishments moved to Texas during this period, bringing with them more than 281,000 jobs. That made up for the 18,000 establishments that left the state, costing about 179,000 jobs. In total, Texas saw a net migration of 7,232 businesses and the creation of nearly 103,000 jobs – the highest of any other state in the country.

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The report says Texas attracts businesses for a number of reasons, including its business-friendly environment, such as its low taxes and light regulation, its central location in the continental United States, its growing population and its resources. abundant energy.

An aerial view of the downtown Dallas skyline on February 22, 2024 in Dallas, Texas. (Kirby Lee/Getty Images / Getty Images)

Last week, the Texas Workforce Commission released September employment data showing that Texas not only added jobs at a faster rate than the United States as a whole over the past 12 months, but that The state also set new records for the total number of jobs, the number of Texans working, and the size of the Texas labor force.

Texas has led the nation in population growth over the past 18 years. The state’s economy, estimated at $2.6 trillion, is the eighth-largest economy in the world based on 2023 GDP, larger than Russia, Canada, Italy, Brazil and more. others.

The Lonely State has also won the Governor’s Cup for the nation’s newest and largest corporate facility projects for a record 12 consecutive years and has been ranked the best state for business by top CEOs of the country in the annual survey. by Chief Executive Magazine for a record 20 consecutive years.

Texas’ economy grew faster than the nation’s, at an annual rate of 7.4 percent, while the nation grew by 2.9 percent, as measured by the change in gross domestic product (GDP ) actual from 2022 to 2023.

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As of late last month, Texas had added more than 2.4 million jobs since Abbott took office.

“Texas’ unprecedented success in job creation continues to break records time and time again,” said Adriana Cruz, executive director of the Governor’s Office of Economic Development and Tourism. “When businesses succeed, all Texans succeed.”

Eric Revell of FOX Business contributed to this report.