Texas clocks in as 5th hardest-working state in U.S., survey says

LAUDING TEXAS’ LABOR FORCE

We work hard for the money in Houston. Photo by Hinterhaus Productions/Getty

n the 1980s, disco queen Donna Summer sang the praises of a blue-collar woman in the hit tune “She Works Hard for the Money.” If the song were to be updated for this decade, it might morph into an ode to the hardworking women and men of Texas.

A new ranking from personal finance website WalletHub puts Texas at No. 5 among the hardest-working states. The Lone Star State repeated its fifth-place showing from last year. In the 2022 study, Texas is preceded by North Dakota, Alaska, Nebraska, and South Dakota. The slackers, it appears, are in bottom-ranked New Mexico.

WalletHub evaluated each state based on 10 metrics. In the Labor Day-timed study, Texas earned an especially high mark for the average number of hours worked per week (ranked fourth).In July 2022, nearly 14.6 million people were part of the state’s civilian workforce (which excludes active-duty military personnel), according to the U.S. Bureau of Labor Statistics. That month, the state’s unemployment rate stood at 4 percent.

In a news release touting the July 2022 job numbers for Texas, Gov. Greg Abbott highlighted the state’s “young, skilled, diverse, and growing workforce.”

“Texas jobs are booming, and more Texans are working than ever before as we again break all previous records for total jobs,” Abbott says. “Despite the economic challenges job creators are facing across the nation, businesses are investing with confidence in the Lone Star State because we’ve built a framework that allows free enterprise to flourish and hardworking Texans to succeed.”

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this article originally ran on CultureMap.

Workers in the Lone Star State put in more hours and take less vacation time than most of America. Photo by gguy44/Getty Images

New report proves Texans work harder than almost anyone else in U.S.

SERIOUSLY, TAKE A BREAK

Texans don't just work hard, they work harder than almost anyone else in the nation, according to a new study.

Just in time for Labor Day, WalletHub has revealed the hardest-working states for 2019, and Texas lands at No. 4, meaning only three states — North Dakota, Alaska, and South Dakota — work harder. To determine the ranking, the personal finance site reviewed a host of factors, from average workweek, commute time, and leisure time to employment rates and the share of workers with multiple jobs.

In Texas, where 96 percent of the labor force has a job, workers stay on the clock an average of 40 hours a week. While that might seem pretty standard, somehow, that makes us the state with the fourth-longest workweek.

And those hardworking Texans could use a break. Surprisingly, 29 percent of the state's workers don't use all of their vacation time. One contributing factor could be the state's high percentage of engaged workers (35 percent), described in the study as "involved in, enthusiastic about, and committed to their work and workplace."

As we know, work doesn't just start and end at your desk. WalletHub also measured workers' commute times, volunteer hours, and leisure time, which it categorized as indirect work factors.

In Texas, workers regularly travel about 26 minutes one way for their jobs, and despite their long workweeks, they make time to volunteer for 27 hours each year on average. In regards to work-life balance, Texans set aside almost six hours a day for leisure time. That may sound ample, but workers in 19 other states spend even more time relaxing.

This isn't the only recent study to call attention to how much time Texans spend on the clock.

A recent report from mobile technology company Kisi named Houston, where workers clock 43.7 hours a week, the second most overworked city in the U.S., second only to Washington, D.C. Austin also shot to the top of the list, with workers laboring 43.5 hours a week, followed by San Antonio (43.1 hours) and Dallas (42.9 hours).

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This article originally ran on CultureMap.

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Houston startup raises $6M to scale home-based healthcare platform

fresh funding

As healthcare systems race to expand care beyond hospitals and into the home, investors are placing bigger bets on the infrastructure needed to make that shift possible.

This month, Rosarium Health announced it has raised $6 million in seed funding led by Kalos Ventures, with participation from ResilienceVC, Rock Health Capital, Symphonic Capital, Black Tech Nations Ventures and others.

The investment will help the Houston-based startup continue to build its platform, which features a national network of 800-plus clinicians and 3,000-plus contractors to coordinate home accessibility upgrades and modifications for seniors and people living with disabilities.

For founder and CEO Cameron Carter, the company’s mission grew out of firsthand caregiving experiences.

“From my own personal caregiving experiences, I realized that the benefits exist on paper, but not in reality,” Carter said in a news release. “Families are being left to figure out the paperwork and installations all on their own, which shouldn’t be how this works.”

While Medicare Advantage and Medicaid plans have expanded coverage for home-based services and accessibility modifications, the logistics behind delivering those services often remain fragmented.

Rosarium’s platform coordinates the entire process, from clinical assessments and referrals to contractor management, documentation, reimbursement and installation.

“A clinician can document that a home isn’t safe and a plan can approve a benefit, but there’s no one that’s responsible for making sure the work actually gets done,” Carter says. “We built the missing piece.”

The company was founded in 2021 as Rose Health and was a 2023 participant in the Texas Medical Center’s Accelerator for HealthTech program. It has scaled quickly, building a network of more than 800 clinicians and 3,000 contractors across 34 states.

Rosarium is currently in-network for 1.2 million Medicare and Medicaid lives, with projected coverage expected to reach nearly 4 million by the end of the year, according to the release.

“We’re excited to back Cameron because he and the team at Rosarium are building the infrastructure healthcare needs right now to make the home a safe and comfortable place of care,” Kate Ballinger, investor at Kalos Ventures, added in the release.

As part of the recent investment, Ballinger will join Rosarium’s board of directors.

With eyes on the future, Rosarium plans to grow its partnerships with Medicaid and Medicare Advantage plans, including CalViva and Community Health Plan of Imperial Valley, strengthening its presence in California while expanding access to underserved communities.

Additionally, Carter predicts that home-based healthcare will be part of a broader transformation happening across the industry.

“There’s a growing recognition that health outcomes are shaped by what happens in the home,” he said in the release. “The future of healthcare isn’t just treating people after something goes wrong. It’s creating environments that help prevent those problems in the first place.”

Houston business mogul Tilman Fertitta acquires Caesars in $17.6B deal

Money Moves

Houston billionaire Tilman Fertitta may currently be serving as America’s ambassador to Italy, but his company is as busy as ever. Fresh off its move to revive the Houston Comets WNBA franchise, his company, Fertitta Entertainment, has announced a $17.6 billion deal to acquire Caesars Entertainment, Inc.

Speculation about the deal has been circulating since at least March, according to various media reports. The deal combines Fertitta’s well-known Golden Nugget casino brand with all of the properties in the Caesars’ portfolio, including Las Vegas hotels Caesars Palace, Harrah's, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo, and The Cromwell.

Overall, the combined company will include 60 domestic casino resorts and gaming facilities; online gaming including sports betting, iCasino, and Caesar’s online poker platform; retail sports betting at over 200 third-party locations through the William Hill brand; and over 550 Fertitta Entertainment outlets, including more than 450 Landry's full-service restaurants across America. The companies will combine their loyalty programs, Caesars Rewards, Golden Nugget's 24 Karat Select Club, and Landry's Select Club.

The terms will see Caesars’ shareholders receive $31 per share. Fertitta Entertainment will also acquire approximately $11.9 billion of Caesars' outstanding debt.

The transaction will be financed through a combination of equity contributed by Fertitta Entertainment, assumed Caesars' debt, and new committed debt financing arranged by a group consisting of 10 banks. It is subject to approval by Caesars’ shareholders and government regulators.

Fertitta Entertainment is the Houston-based company behind a diverse array of hospitality businesses, including The Golden Nugget, The Post Oak Hotel, River Oaks District, the Kemah Boardwalk, and Houston’s Downtown Aquarium.

It also operates a number of prominent restaurant brands, including Mastro's Restaurants, Del Frisco's Double Eagle Steakhouse, Morton's The Steakhouse, The Palm, McCormick & Schmick's, Landry's Seafood House, The Oceanaire Seafood Room, and Saltgrass Steak House.

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This article first appeared on CultureMap.com.