The Houston economy declined at a dramatic pace in April as the impact of COVID-19 and efforts to contain it swept through the region. While employment and unemployment showed record-breaking deterioration, there are already some early signs of economic recovery. Daily measures for mobility and engagement and the number of hourly employees working at small firms show that Houstonians are beginning to leave home and return to work. Taken together, the data imply that declines in the economy were slowing in May. A protracted recovery and a great deal of uncertainty remain ahead.
Read more...
Houston Economic Indicators June 2020 via Dallas Fed
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.