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.
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- Central Texas,
- outlook,
- Texas,
- texas projections
What is the outlook for the Texas economy?
Radio Spot Broadcast via Texas State Networks on February 22, 2022Dr. Perryman compares the state to the national averages and explains the factors contibuting to Texas' success.
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 Long‑Term Outlook for the US Economy
Column Published in syndication November 09, 2022Gazing out over the next few decades, I see at least three major challenges confronting the US economy. First, we have to overcome the consequences of the lingering effects of the pandemic, including getting inflation under control, dealing with the inevitable fallout that effort will involve, and working through ongoing supply chain disruptions. Second, we must confront the chronic worker shortages. Third, we need to fashion a realistic energy policy which both meets climate goals and provides for future essential resources (more on that another time).
On the Path
Column Published in syndication February 16, 2022The US economy continues to recover from the pandemic. Even in the midst of challenges both domestically and internationally, our latest projections call for expansion over the next five years. Here's an overview of some key patterns influencing the outlook.