Dr. Perryman walks through the latest report, specifcally in terms of Texas' economic recovery.
Dr. Perryman breaks down the firm's latest analysis on the economic rebound in Texas.
Dr. Perryman expresses the role of a significant stimulus package in keeping the economy poised for recovery after the pandemic.
Dr. Perryman reacts to the Federal Reserve's latest unemployment projections.
After the economic shutdown brought on by the coronavirus pandemic, some industries are starting to pick back up.
Ten years after the Economic Recovery Act, Dr. Perryman discusses what recognition presidents deserve in driving the economy.
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.
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.