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
Why are so many sectors of the economy experiencing wage cuts within corporations?
Radio Spot Broadcast via Texas State Networks on June 16, 2020Dr. Perryman describes the circumstances that have led to wage cuts across the economy and what larger impact this will have.
- Tags:
- coronavirus,
- COVID-19,
- wage cuts
What did Texas do in relation to oil production amidst a disparity in oil supply and demand?
Radio Spot Broadcast via Texas State Networks on May 06, 2020Dr. Perryman explains the Railroad Commission's decision to avoid cutting production, and why this was the correct choice.
- Tags:
- oil,
- production cuts,
- Texas
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.
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.