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TX Initial Jobless Claims Tick Upward Again

Texas’ initial unemployment claims increased to 36,700 the week ending Oct. 31 after decreasing to their lowest number the previous week, the Real Estate Center at Texas A&M reported. This brings the total since March 21 to 3.77 million.

A key driver of the increase was the growth in initial claims filed under the Pandemic Unemployment Assistance program, which accounted for 5,500 of the claims.

Real Estate Center research economist Luis Torres said the claims increase was accompanied by a current rise in COVID-19 cases, particularly in El Paso, which has seen a surge both in cases and unemployment claims. 

The number of Texans who continue to claim unemployment insurance decreased for the eighth straight week to 574,700. However, that improvement is slowing.

“The rate of decline in the number of people filing for initial and continuing unemployment has decreased, possibly reflecting a slowing in the labor market,” said Torres.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

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