Houston ended 2020 behind the nation in its comeback from the COVID-19-driven job collapse. Last year’s employment data were revised down to show that the area had recovered only about a third of jobs lost during the pandemic downturn versus the previous estimate of nearly half. However, COVID statistics for Houston have been improving since mid-January and, despite the chilling effects of Winter Storm Uri, high-frequency barometers of economic activity like mobility and restaurant demand indicate that the local economy has been picking up steam. Together, the data paint a positive picture for the near-term outlook in Houston.
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Houston Economic Indicators March 2021 via Dallas Fed
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