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TX Unemployment Claims Reverse Four-Week Downward Trend
Initial unemployment insurance claims in Texas increased to nearly 42,900 the week ending Oct. 10, reversing a four-week downward trend, the Real Estate Center at Texas A&M said Friday. This brings the total number of initial claims statewide to 3.65 million since the pandemic began.
“The slowing claims decrease is worrisome, signaling distress in labor market conditions and reaffirming that much work still needs to be done,” said Real Estate Center research economist Dr. Luis Torres.
“For eight months now, we have had more than 40,000 people filing for unemployment each week,” Torres said. “During the Great Recession, unemployment claims peaked at 49,000 the week of Sept. 27, 2008.”
The Center estimates that from March 21 to Oct. 3 over 835,300 seasonally adjusted claims were filed in Houston-The Woodlands-Sugar Land. The metro area continues to lead the state in total number of claims.
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- ◦Economy
