June 22, 2020
The Texas economy recovered 237,800 jobs in May, according to data from the Texas Workforce Commission. The Houston Chronicle reported that as stay-at-home orders to slow the spread of COVID-19 are lifted, the businesses hit hardest by the shutdowns are recouping the most jobs.
The state’s accommodation and food service employers posted a gain of 173,300 jobs last month after a loss of 464,900 jobs in April. Retailers added 27,100 jobs in May after a net loss of 125,200 jobs in April.
“The Texas economy is reopening,” said Bryan Daniel, TWC Chairman. “TWC will continue to connect job seekers with employers.”
Nonetheless, the Chronicle reported there’s a long way to go in what will likely be a bumpy recovery from the steepest drop in business activity in history, with more than 22 million jobs lost nationwide between February and April. In Texas, employers slashed 1.3 million jobs in April alone.
For comments, questions or concerns, please contact Paul Bubny