Houston: The 经济概览 is a free monthly publication, which offers the latest data along with expert commentary on the Houston region’s economy. Below is an excerpt from the report.
The outbreak has spurred Mayor Sylvester Turner to call for a two-week statewide shutdown. Harris County Judge Lina Hidalgo has advocated for a broad stay-at-home order as well. The decision, however, rests with Texas Governor Greg Abbott, not local officials. Regardless what action he may take, the outbreak has postponed the start of any economic recovery.
The surge came as the economy showed hints of improvement. 美国.S. logged substantial job gains in May and June. The number of workers filing claims for unemployment insurance has been trending down. Sales of new single-family houses rose in May. Retail sales have ticked up as has manufacturing output. Closer to home, the Texas 劳动力 Commission (TWC) reported solid job gains for the state. Recent surveys by the Federal Reserve Bank of Dallas found that Texas service sector showed signs of growth in June and that factory activity rebounded as well. Houston reported job gains in April and May and single-family home sales set a record in June.
Initial claims for unemployment benefits peaked at 6.3月底/ 4月初为900万美元. 谷歌趋势, a website that analyzes the popularity of Google searches, shows that queries with the phrase “unemployment benefits” peaked at the same time. 搜索es using the selfsame term trended down through June 20 but have ticked up since then. Filtering for searches from only Houston IP addresses shows a slightly sharper increase in recent weeks. That suggests claims for unemployment benefits in Houston will remain elevated and likely rise over the next few weeks.
热门网站Yelp.com publishes crowd-sourced re视图s on local restaurants, 零售商, entertainment venues and personal services. Yelp报告称，美国有17.7万名顾客.S. business on its site were closed between March 1 and April 19. As of June 15, only 37,000 had reopened. 在休斯顿, the pandemic forced the closure of 3,518个Yelp商家, of which only 578 had reopened by mid-June. The website does not indicate what share of all Houston businesses this represents, but as a proxy for the region it suggests a substantial number of permanent closures have occurred over the past few weeks.
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