The Economic Outlook for Texas and Its Major Metro Areas: Recovery Slows, but Continues
Brief Published on October 22, 2020The 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.
- Tags:
- coronavirus,
- COVID-19,
- forecast,
- metropolitan,
- outlook,
- recovery,
- Texas
The Economic Outlook for Texas and Its Major Metro Areas: Recovery from COVID‑19 Begins as the Economy Reopens
Brief Published on July 29, 2020May 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.
- Tags:
- coronavirus,
- COVID-19,
- employment,
- metropolitan,
- outlook,
- Texas
The Economic Outlook for the United States: Recovery from COVID‑19 Begins as the Economy Reopens
Brief Published on July 27, 2020The 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.
- Tags:
- coronavirus,
- COVID-19,
- forecast,
- outlook,
- US
Dr. Perryman's Economic Outlook for 2018
Video Delivered on December 12, 2017Dr. Perryman joined Ann Harder on KXXV's Central Texas Living series to discuss the economic outlook for Texas.
- Tags:
- Central Texas,
- outlook,
- Texas,
- texas projections
What can we expect from the economy in 2020?
Radio Spot Broadcast via Texas State Networks on January 01, 2020Dr. Perryman looks ahead to 2020.
What is the economic outlook for Texas for the next several years?
Radio Spot Broadcast via Texas State Networks on November 11, 2019Dr. Perryman is embarking on his 36th annual Outlook Conference, and he has a preview of what he will be sharing with audiences.
- Tags:
- outlook,
- Texas economy
What is the outlook for US jobs in the Trump administration?
Radio Spot Broadcast via Texas State Networks on January 06, 2017With its positive growth, the December jobs report made it 75 consecutive months of growth, the longest stretch since 1939. Dr. Perryman says it is up to Donald Trump to keep it going.
- Tags:
- jobs report,
- outlook
The Short‑Term Forecast for the Texas Economy
Column Published in syndication August 05, 2020The last two (May and June) Texas jobs reports were encouraging, reflecting the fact that, as businesses began to reopen, what was essentially a sound economy before the pandemic responded relatively quickly. However, even with these gains, Texas is nonetheless almost 700,000 jobs below a year ago and about 900,000 below the level just before the outbreak began.
The Long‑Term Outlook for the US Economy
Column Published in syndication June 22, 2016The US economy is on fairly solid ground, and our latest forecast calls for moderate growth over the long-term horizon. There are several areas of concern and business cycles are inevitable, but on balance, I expect improvement in the years to come.
- Tags:
- long-term outlook,
- United States,
- US