Author Topic: Texas receives smaller portion of federal stimulus  (Read 160 times)

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Offline Elderberry

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Texas receives smaller portion of federal stimulus
« on: December 28, 2020, 01:10:44 pm »
Houston Chronicle by  Rebecca Carballo Dec. 25, 2020

Texas received less funding per person from the $2 trillion federal stimulus law approved in the spring, in part because unemployed workers here are less likely to apply for benefits than in other states, according to an analysis by the Federal Reserve Bank of Dallas.

Texas received nearly $15 billion of the $224 billion the federal government sent to states by the Coronavirus Aid, Relief and Economic Security (CARES) Act, according to the Dallas Fed. Payments through an emergency unemployment program were $675 per capita in Texas, 25 percent lower than the national average of $900.

Texas for decades has had a lower share of its labor force receiving benefits than the nation as a whole. During the pandemic, the national rate of workers collecting benefits — calculated by comparing continuing claims data with the number of unemployed — has run about 50 percent higher than in Texas.

More: https://www.houstonchronicle.com/business/economy/article/Texas-receives-smaller-portion-of-federal-stimulus-15827747.php