The Real Estate Center at Texas A&M University’s Monthly Economic Review paints a grim picture, but not quite as bad as the rest of the country:
April 2020 Summary
The Texas economy is suffering from COVID-19 pandemic and low oil prices. The state’s economy lost 1,110,600 nonagricultural jobs since April 2019, an annual decline of 8.7 percent, smaller than the nation’s employment decline of 12.9 percent. The nongovernment sector lost 1,102,800 jobs, an annual decline of 10.2 percent, also lower than the nation’s employment decline of 14.6 percent in the private sector. Texas’ seasonally adjusted unemployment rate in April 2020 was 12.8 percent, higher than the 3.5 percent rate in April 2019. The nation’s rate increased from 3.6 to 14.7 percent.
The full report can be found here: https://www.recenter.tamu.edu/articles/technical-report/monthly-review-of-the-texas-economy
