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.
Dr. Perryman explains how the country has more jobs than workers and some potential solutions to this labor force issue.
Dr. Perryman breaks down the recent employment data and the factors contributing to improvement.
Dr. Perryman describes what factors have led to strong job numbers in the oil and gas field.
Dr. Perryman describes the meaning of first-time unemployment claims dropping into numbers we have seen before and how that represents economic recovery from the pandemic.