Recent data for the Houston region have been positive for growth. The Delta wave of the coronavirus has retreated as the number of people being vaccinated progresses. Over two-thirds of pandemic job losses have been recovered, and the local unemployment rate fell to 5.8 percent as online job postings climbed. The oil and gas sector showed signs of picking up steam even before recent surges in commodity prices pushed retail fuel prices up. Altogether, after lagging the nation for the better part of the pandemic, the outlook for Houston is much improved.
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Houston Economic Indicators November 2021 via Dallas Fed
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