Texas economy

How Texas’ Economy Compares to Other States | Texas

The COVID-19 pandemic has sent economic shockwaves through the US economy, tripling monthly unemployment to nearly 15% and driving a more than 30% quarterly drop in GDP – by far the largest economic contraction in the world. history of the United States. No corner of the country has been spared the economic consequences of the […]

Texas economy

As Texas’ economy picks up momentum, experts are wondering: will this last?

After a year of record job losses, the economies of Houston and Texas are rebounding as vaccinations increase, COVID-19 restrictions ease, and business and hiring activity rebounds. Texas employers added just under 100,000 jobs in March, the biggest wave of hiring since October, according to government statistics. In Greater Houston, employers added more than 26,000 […]

Texas economy

What does the Colonial Pipeline cyberattack mean for the Texas economy?

AUSTIN (KXAN) — An extended shutdown of the Colonial Pipeline — shut down after falling victim to a ransomware attack on Sunday — could have ripple effects on the Texas economy, energy experts say. Colonial Pipeline Stretching 5,500 miles from Texas to New Jersey, the Colonial Pipeline is the largest in the United States and […]

Texas economy

Texas economy ‘accelerated’, prompting Comptroller Glenn Hegar to soften his earnings outlook

AUSTIN — Comptroller Glenn Hegar released a revised revenue estimate on Monday that gives lawmakers several billion more dollars to spend when closing the next state budget this month. Hegar cited the improving performance of the state’s economy as COVID-19 restrictions began to be lifted over the past two months and vaccinations boosted consumer confidence. […]