Texas Scorecard By Cary Cheshire April 3, 2020
Texas unemployment claims jumped over 2,000 percent year over year in the end of March.As the Chinese coronavirus and government policies to slow its spread continue, business after business has been forced to adjust operations and procedures in order to adapt. Millions of employees are working from home, but for many businesses—particularly service-related enterprises like restaurants, bars, movie theaters, etc.—that isn’t an option.
Across Texas, there’ve been hundreds of thousands of workers laid off over the past couple of weeks. More are expected, as nations continue to grapple with the effect of a near-instant worldwide recession.
But as bad as the unemployment situation is in Texas, a study by WalletHub shows the state is thus far on much more solid footing than many other states.
The report had the following findings as it relates to the Lone Star State and unemployment claims:
• 2135.72% increase in the Number of Unemployment Insurance Initial Claims – from 12,327 the week of March 25, 2019, to 275,597 the week of March 23, 2020. This represents the eighth-lowest increase in the U.S.
• 2128.49% increase in the Number of Unemployment Insurance Initial Claims – from 12,367 in the first week of the year to 275,597 the week of March 23, 2020. This represents the 20th-highest increase in the U.S.
WalletHub’s full report can be viewed here.More:
https://texasscorecard.com/state/new-report-shows-texas-faring-better-than-neighbors-on-unemployment/
