Are we in a recession? Texas economic outlook remains strong
30 Aug 2022
If Texas were its own country, it would have one of the top 10 largest economies in the world.
Leading up to the pandemic, the state had an incredibly tight labor market when the unemployment rate – the number of people who want jobs but are unable to find them – was at 3.5%. Then came the coronavirus pandemic, a development that not only temporarily threw the economy into a tailspin, but introduced a number of factors that have complicated the recovery.