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Texas unemployment claims decrease, labor market remains weakTexas unemployment claims decrease, labor market remains weakhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=254442021-01-22T06:00:00Z2021-01-22T15:00:00Z

​​​​​COLLEGE STATION – ​​Texas' initial unemployment claims decreased to 48,400 the week ending Jan. 16. This brings the total sinc​e March 21 to 4.2 million, according to data from the U.S. Department of Labor (DOL).

"Although the decline ended three straight weeks of increases, claims still remain elevated and underscore the frailty of the labor market," said Texas Real Estate Research Center Research Economist Dr. Luis Torres.​ 

​The number of Texans who continue to claim unemployment insurance increased to 353,900 the week ending Jan. 9. 

"The job market continues to feel the effects of the pandemic hindering its recovery," said Torres.

The number of laid-off workers receiving benefits through the pandemic unemployment assistance program, which is open to gig workers, freelancers, and self-employed workers who don’t typically receive benefits, increased the week ending Jan. 16.

​Last week, new national unemployment claims decreased to 899,600. This brings the 44-week total to 75.6 million.

Texas logoThe Texas Real Estate Research Center has a wealth of economic information online for free.
​​​Source: Texas Real Estate Research Center​​​
Texas Real Estate Research Center
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