Real County Post

  • About Us
    • Hill Country Post
      • Newsletter
      • Our Lead Editor
      • Editors
    • Mission Transition
      • Related Posts
      • Website
    • Contact Us
  • News
    • Share A News Story
    • Our Newsletter
    • Community News
    • Popular Categories
      • Education
      • Finance
      • Food & Health
      • Lifestyle
      • Politics
      • Sports
    • Obituaries
    • Weather
    • Puzzles
      • Crossword Puzzles
      • Sudoku Puzzles
  • Heroes
    • Hero Stories
    • Wall of Remembrance
  • Counties
    • Share a Local Story
      • Community Events
      • Community History
    • Bandera
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
    • Blanco
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
    • Edwards
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
    • Frio
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
    • Gillespie
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
    • Kendall
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
    • Kerr
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
    • Medina
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
    • Real
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
    • Uvalde
      • Related Stories
      • Officials & Public Places
      • Local Churches
      • Parks
      • Did You Know …
  • Shop
    • Our Community Shop
    • Cart 🛒
    • Checkout ⇒
  • Advertise Here
    • Submit Your Ad
    • Featured Block Ads
    • Free Business Ads
      • Agricultural
      • Business Services
      • Construction Services
      • Healthcare Providers
      • Hunting & Fishing
      • Lodging & Recreational
      • Personal Care
      • Real Estate
      • Restaurants & Markets
      • Retail & Miscellaneous

Texas’ unemployment rate drops to 8%

Photo by Shelby Tauber

By Mitchell Ferman at Texas Tribune, August 21, 2020

In July, 8% of Texans were jobless, the U.S. Bureau of Labor Statistics reported Friday morning, a sign that Texas’ economy is still languishing as the coronavirus pandemic rages across the country.

That is up from a near-record low of 3.5% in July 2019, and down from June, when 8.4% of Texans were unemployed (originally, the Bureau of Labor Statistics reported 8.6% of Texans were unemployed in June but later adjusted that figure downward, as the department typically corrects its data).

The Texas economy has steered into a recession during the coronavirus pandemic and recorded historic jobless rates, such as April’s record-worst 13.5% unemployment rate, a devastating financial toll for the state. More than 3.2 million Texans have filed for jobless relief since mid-March.

All summer, economists said the Texas economy would not bounce back until the coronavirus faded.

“We did have a significant surge in cases,” Keith Phillips, senior economist with the Federal Reserve Bank of Dallas, said of the summer months. “The good news is, these cases are coming down. But they’re still way higher than April and May. This creates a great challenge to bring back parts of the economy.”

Still, more than 10,000 Texans are dead from COVID-19 and more than 5,600 Texans are hospitalized with the virus. For the economy to truly improve, Aimee Chin, an economist with the University of Houston, said the state needs to get a handle on the coronavirus.

“If the public health situation is not improving and as we move forward without the extra $600 from the federal government,” Chin said, “I’m really fearful things are going to get worse in terms of food insecurity, homelessness and evictions.”

See the original article: https://www.texastribune.org/2020/08/21/texas-unemployment-rate/

  • Share on Facebook
  • Share on Twitter
  • Share on Pinterest
  • Share via Email
  • Share on Tumblr

Aug 21, 2020Administrator
1 year ago Current Events, Featured, Finance, LifestyleBureau of Labor Statistics, Coronavirus, COVID-1935
Administrator
Radio personality Richard Lee giving up his micMissing Fort Hood soldier reported sexual abuse, says Army official

Leave a Reply Cancel reply

 Newsletter 
 Recent News 
  • Texas mayor resigns after being charged with solicitation of a minor
  • T-Squared: The latest batch of confirmed speakers at #TribFest22
  • West Texas farmers and ranchers fear the worst as drought, heat near 2011 records
Advertisement to submit your business
 Hill Country Weather 
 Follow Us on Facebook 
Hill Country Post
 About Us 

A centralized state of the arts source of information for people who live, work or visit the Texas Hill Country. See About Us for more details.

 Recent News 
  • Texas mayor resigns after being charged with solicitation of a minor June 28, 2022
  • T-Squared: The latest batch of confirmed speakers at #TribFest22 June 28, 2022
  • West Texas farmers and ranchers fear the worst as drought, heat near 2011 records June 28, 2022
  • Death is a constant risk for undocumented migrants entering Texas June 27, 2022
 Contact Us 

Share your Hill Country stories with us. We gladly welcome community input and suggestions for articles on our website.

Phone: (210) 568-1568

Email: editor@hillcountrypost.org

Follow Us on Social Media
Follow Us on FacebookFollow Us on TwitterFollow Us on InstagramFollow Us on Gab
Visitors:
2019 - 2021 © Hill Country Post | A Community-Based Initiative of the Mission Transition Foundation A 501(c)(3) Public Non-profit | Terms & Conditions | Powered by Fidelity Partners Website Designs

Make a pit stop at our Hill Country Community Shop 🛍️ Dismiss