COLLEGE STATION – In the week ending April 11, 266,064 initial unemployment insurance claims were filed in Texas, bringing the total since March 21 to over one million, according to the U.S. Department of Labor (DOL).
The estimated unemployment rate across the state is 10.6 percent.
Using data from the DOL and the Employment and Training Administration, the Real Estate Center estimates that from March 21 to April 4, around 204,000 seasonally adjusted claims were filed in Dallas-Fort Worth. That is the highest of Texas’ major metros.
In Houston, San Antonio, and Austin, an estimated 184,000, 65,000, and 24,000 claims were filed, respectively.
Using February Labor Force data, the Center estimates that the unemployment rate in Houston, San Antonio, DFW, and Austin could be 9 percent, 8.4 percent, 8.2 percent, and 4.6 percent, respectively.
Nationwide, over 22 million unemployment claims have been filed since March 21. Using March Labor Force numbers, the Center estimates the U.S. employment rate could be 17.9 percent.
The Real Estate Center has a wealth of economic information online for free.