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 by the Bureau of Labor Statistics this week showed Texas posted the largest job gains of any state from September 2023 to September 2024, adding 327,400 jobs. California was second with 265,300 jobs added in the past year, and Florida was No. 3 with 204,700.

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

“Texas continues to dominate as America’s jobs engine,” Abbott said in a statement. “America’s top businesses are fleeing the grip of overregulation in other states for the competitive business advantages found only in in Texas.”

The Republican said Texas’ business climate is the best in the nation and said more Texans are working now than at any time in the state’s history. Texas now has a workforce of 15.4 million.

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Abbott’s term as governor since 2015 has seen an influx of companies relocating to the state, which has no personal or corporate income tax and promoted its business-friendly regulations.

Several major 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 the social media platform X.

The Tesla Gigafactory under construction in Austin, Texas, U.S., Tuesday, Feb. 1, 2022. Several major 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 New York Federal Reserve Earlier this year, it found that Texas led the nation from 2010 to 2019 in attracting businesses relocating from other parts of the country.

More than 25,000 establishments moved to Texas during that time, bringing more than 281,000 jobs with them. That offset the 18,000 establishments that left the state, costing about 179,000 jobs. In all, Texas saw a net migration of 7,232 firms and an addition of nearly 103,000 jobs—the most 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 low taxes and light regulations, central location in the continental US, population growth and abundant energy resources.

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 not only did Texas grow jobs at a faster rate than the U.S. as a whole over the past 12 months, the state also set new records. for total jobs, the number of Texans working, and the size of the Texas workforce.

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

The Lonesome State also won the Governor’s Cup for the nation’s newest and most expansive corporate facilities projects for a record 12 years in a row, was ranked the best state for business by the nation’s top CEOs in the annual survey. by Chief Executive Magazine for a record 20 years in a row.

The Texas economy expanded faster than the nation, at an annual rate of 7.4 percent, while the nation expanded 2.9 percent, as measured by the change in real gross domestic product (GDP) 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 business succeeds, all Texans succeed.”

Eric Revell of FOX Business contributed to this report.