New Unemployment Claims Continue Dropping Across TX
Fewer people in Texas filed for initial unemployment during the first week without the additional $600 weekly from the federal government, continuing the downward trend observed in the past five weeks, the Real Estate Center at Texas A&M University said Friday.
In the week ending August 8, Texas’ initial unemployment claims decreased to a little more than 52,900. That brings the total since March 21 to 3.2 million, according to data from the U.S. Department of Labor.
“Even with the significant fall in claims during the past week, the absolute number of claims still remains high, signaling that the job market recovery has a long road ahead,” said Real Estate Center research economist Dr. Luis Torres.
Despite the decrease in new claims, the number of Texans who continue to claim unemployment insurance increased the week of Aug. 1 to 1.2 million. This indicates people are facing difficulties finding work.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).