Texas jobless claims tumble for the third straight weekTexas jobless claims tumble for the third straight weekhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=258402021-04-26T05:00:00Z2021-04-26T18:00:00Z

​​​​​​​​​​​​​​COLLEGE STATION – Initial jobless claims in Texas decreased significantly the week ending April 17​​​​​, falling around 21,000 claims to 43,500.

This is the second straigh​t week of significant drops in new claims.

​​About 4.99 million unemplo​​yment claims have​​​ been filed since​ March 21, 2020, according to U.S. Department​ of Labor (DOL) data. 

Continuing unemployment claims increased ​to​ 295,300 the week ending April 10.

Despite the drop in new claims, the levels of both initial and continuing claims remain high, according to Dr. Luis Torres, a research economist for the Texas Real Estate Research Center. 

The number of workers receiving benefits through the pandemic unemployment assistance program, which is open to gig workers and others who don’t typically receive benefits, increased the week ending April 17.​​​​

​Last week, U.S. initial claims decreased to 547,200, the lowest level of the pandemic. This brings the 57-week total to 80.2 million. 

"Increasing vaccination rates should lead to a faster recovery in the leisure and hospitality sector, possibly creating a wave of hiring that would allow thousands of laid-off workers to find jobs," said Torres.

Healthcare and social assistance registered the highest number of initial claims the week ending April 10. The sector was followed by retail trade, administrative/support/waste management/remediation services, and educational services.

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
Read more at {Source}

 Search NewsTalk Texas