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Keeping it Together: Preserving the Permian Basin Energy Sector and the Odessa Economy through the COVID‑19 and Related Oil Market Challenges
Report Published on May 15, 2020

The Permian Basin is among the most important oil-producing regions in the world. Drilling and production and the necessary supporting industries generate business activity not only in the region, but across the state and the nation. In order to be in a position to fully take advantage of future opportunities, it is imperative that the underlying capabilities remain in place - the workforce, the infrastructure, the supply chain, the equipment, and the community support systems. Given the current situation, maintaining this viability requires immediate action from governments at all levels and the private sector.

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The Preventable Economic Effects of COVID‑19
Brief Published on September 16, 2021

The COVID-19 pandemic continues to exact a major toll in terms of human health and wellbeing, as well as the economy. Cases, hospitalizations, and deaths have risen recently due to the delta variant, and the spike has caused substantial disruptions. Despite these concerns, there has been massive resistance by some policymakers and individuals around the country to basic protective measures, which is resulting in preventable losses to the economy through reduced employment and decreases in productivity.

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Masked!: The Hidden and Preventable Losses to the Texas Economy Associated with Inadequate Protective Measures for COVID‑19
Brief Published on August 20, 2021

Texas has recently seen a sharp upswing in COVID-19 cases, hospitalizations, and deaths. This spike has caused substantial disruptions and hardships to families across the state (including many children), compromised safety as schools seek to reopen and address the massive educational gap that has surfaced during the pandemic, and added further strain to an already fragile healthcare complex. Despite these concerns, there has been massive resistance by policymakers to sensible and basic protective measures, such as appropriate masking requirements and measures to encourage higher vaccination rates. In addition to these obvious consequences, this approach is also resulting in preventable losses to the economy through reduced employment and decreases in productivity. The Perryman Group (TPG) has recently quantified these adverse effects.

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The Economic Cost of the 500,000 Lives Lost to COVID‑19
Brief Published on February 23, 2021

The United States recently reached a tragic milestone in the COVID-19 pandemic when the number of lives lost reached 500,000. The suffering and hardships imposed by these losses are incalculable and the primary concern, with few Americans not personally affected in some way

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The Economic Cost of COVID‑19 Fatalities in 2020
Brief Published on January 06, 2021

The high human cost and loss of life due to COVID-19 is tragic and staggering. Few people have remained untouched by the disease in one way or another, with over 20 million US cases. As of the end of 2020, the coronavirus had contributed to the death of nearly 345,000 people in the United States. While the suffering and hardships imposed by these losses are incalculable and the primary concern, the economic consequences cannot be ignored.

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The Economic Outlook for Texas and Its Major Metro Areas: Recovery Slows, but Continues
Brief Published on October 22, 2020

The most recent employment data indicates that the pace of hiring in Texas has slowed. In September, 40,700 net new jobs were added, compared to 111,900 in August. Moreover, the unemployment rate rose and is now higher than the national level. While this slowing is not good news, it was not unexpected.

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The Economic Outlook for Texas and Its Major Metro Areas: Recovery from COVID‑19 Begins as the Economy Reopens
Brief Published on July 29, 2020

May and June jobs reports for Texas and the state's largest metropolitan areas were encouraging and reflect the fact that as businesses began to reopen, what was essentially a sound economy before the pandemic responded relatively quickly. Nonetheless, employment remains well below pre-COVID-19 levels. The Perryman Group's latest forecast calls for significant year-over-year losses for 2020, but notable recovery next year. If additional interruptions are required as a result of the recent surge in cases, hospitalizations, and deaths in Texas, the annual declines will escalate.

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The Economic Outlook for the United States: Recovery from COVID‑19 Begins as the Economy Reopens
Brief Published on July 27, 2020

The most recent US jobs reports indicate significant gains and decreasing unemployment, but the total increase over the past two months is far below losses during March and April. Moreover, the recent increase in COVID-19 infections may cause the recovery to slow. The situation remains challenging and fluid, and the recovery will likely be bumpy.

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The Economic Outlook for Texas and the Permian Basin: Projected Recession and Recovery from COVID‑19
Brief Published on April 22, 2020

Drastic, but necessary, measures to "flatten the curve" and prevent a major spike in COVID-19 infections have involved shutting down much of the economy. The inevitable result has been the loss of millions of jobs and a sudden and unprecedented downturn.

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The Economic Outlook for Texas and the Midland MSA: Projected Recession and Recovery from COVID‑19
Brief Published on April 22, 2020

Drastic, but necessary, measures to "flatten the curve" and prevent a major spike in COVID-19 infections have involved shutting down much of the economy. The inevitable result has been the loss of millions of jobs and a sudden and unprecedented downturn.