Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Jobless Claims Continue Upward Path in TX
Initial unemployment insurance claims in Texas increased for the third straight week to 52,500 the week ending Jan. 9, the highest weekly reading since Sept. 5, 2020. This brings the total since March 21 to 4.2 million, according to U.S. Department of Labor data.
“The increase in initial claims underscores the slowing economy at the start of the year,” said Texas Real Estate Research Center Research Economist Dr. Luis Torres. “The rise also showcases the issues facing the labor market’s full recovery.”
In contrast to new claims, continuing unemployment claims decreased for the third straight week to 345,600 the week ending Jan. 2.
The number of workers receiving benefits through the pandemic unemployment assistance program, which is open to gig workers and others who don’t typically receive benefits, fell the week ending Jan. 9.
Across the U.S., the 43-week total for initial unemployment claims to 74.8 million.
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
