Dr. Perryman responds to the high numbers from September and explains some underlying causes and what that will mean moving forward.
In early 2020, COVID-19 plunged the economy into freefall, abruptly reversing a historic expansion. Although the sharp declines only persisted for about two months, almost 1.5 million jobs disappeared across Texas. The loss of income and financial security for millions of families and small businesses added to the immeasurable human costs and tragic loss of life associated with the pandemic and measures required to slow its spread.
Dr. Perryman criticizes the current practices and why they create difficulties in governmental structure as well as the economy.
Dr. Perryman explains the factors that contribute to the area's desirability, and why this is a good thing for Texas as a whole.
Dr. Perryman describes the importance of the country effectively managing the Omicron variant to preserve economic strength and structure.
The COVID-19 pandemic led to significant economic disruption, but the Texas economy continues to recover. Recently released October data indicate that the seasonally adjusted Texas unemployment rate continues to fall and now stands at 5.4%. Texas added 56,600 jobs for the month and has almost recovered to pre-pandemic levels. While issues such as supply-chain challenges and inflation will likely linger over the coming months, the long-term outlook for the state remains favorable.
Dr. Perryman talks through the reshoring move and how it could help various supply chain issues.
Dr. Perryman analyzes early data to project the strength of the season from an economic standpoint.
Dr. Perryman explains why this move is helpful, but not a long-term solution to the global oil supply and demand issues.
Dr. Perryman explains why Powell is a strong fit for the position based on his performance thus far.