Unemployment Claims by County as of 5/4/20

[SanJac]

Originally Posted by ParaguaneroSwag

The official unemployment rate estimates use labor force as the denominator, so ineligible to work and people not looking to work aren't included.

April unemployment rates reported in Houston Business Journal Today: Houston 14.2%, San Antonio 13.2%, DFW 12.8%, Austin 12.2%

Houston leading the State, but all metros larger than Houston (in the United States) faring even worse.

METROPOLITAN UNEMPLOYMENT (APRIL 2020)

• 1. Las Vegas: 33.5% unemployment in April, up from 7.2% in March.

• 2. Detroit: 24.4% unemployment in April, up from 4.6% in March.

• 3. Cleveland: 23.1% unemployment in April, up from 7.1% in March.

• 4. Toledo: 22.0% unemployment in April, up from 5.3% in March.

• 5. Grand Rapids: 21.8% unemployment in April, up from 2.6% in March.

• 6. Honolulu: 20.0% unemployment in April, up from 2.1% in March.

• 7. Youngstown, Ohio: 19.8% unemployment in April, up from 7.1% in March.

• 8. Buffalo: 19.2% unemployment in April, up from 5.0% in March.

• 9. (tie) Los Angeles: 18.8% unemployment in April, up from 5.9% in March.

• 9. (tie) New Orleans: 18.8% unemployment in April, up from 5.9% in March.

• 11. Bakersfield, Calif.: 18.6% unemployment in April, up from 12.1% in March.

• 12. Stockton, Calif.: 18.3% unemployment in April, up from 8.4% in March.

• 13. (tie) McAllen-Edinburg, Texas: 18.2% unemployment in April, up from 9.4% in March.

• 13. (tie) Providence: 18.2% unemployment in April, up from 4.7% in March.

• 15. (tie) Scranton-Wilkes-Barre, Pa.: 17.8% unemployment in April, up from 7.2% in March.

• 15. (tie) Wichita: 17.8% unemployment in April, up from 3.3% in March.

• 17. Chicago: 17.5% unemployment in April, up from 4.5% in March.

• 18. Modesto, Calif.: 17.0% unemployment in April, up from 8.4% in March.

• 19. (tie) Fresno: 16.7% unemployment in April, up from 11.0% in March.

• 19. (tie) Seattle: 16.7% unemployment in April, up from 5.5% in March.

• 21. Louisville: 16.6% unemployment in April, up from 4.3% in March.

• 22. (tie) Pittsburgh: 16.3% unemployment in April, up from 6.1% in March.

• 22. (tie) Syracuse: 16.3% unemployment in April, up from 4.7% in March.

• 24. Orlando: 16.2% unemployment in April, up from 4.2% in March.

• 25. (tie) Akron: 16.0% unemployment in April, up from 5.4% in March.

• 25. (tie) Allentown-Bethlehem, Pa.: 16.0% unemployment in April, up from 5.7% in March.

• 27. Dayton: 15.9% unemployment in April, up from 4.6% in March.

• 28. Spokane, Wash.: 15.8% unemployment in April, up from 5.3% in March.

• 29. Boston: 15.4% unemployment in April, up from 2.7% in March.

• 30. (tie) Nashville: 15.2% unemployment in April, up from 2.5% in March.

• 30. (tie) Santa Rosa, Calif.: 15.2% unemployment in April, up from 3.7% in March.

• 32. New York City: 15.1% unemployment in April, up from 3.8% in March.

• 33. (tie) Greensboro: 15.0% unemployment in April, up from 4.5% in March.

• 33. (tie) San Diego: 15.0% unemployment in April, up from 4.2% in March.

• 33. (tie) Tulsa: 15.0% unemployment in April, up from 3.0% in March.

• 36. Rochester, N.Y.: 14.9% unemployment in April, up from 4.6% in March.

• 37. (tie) El Paso: 14.8% unemployment in April, up from 5.4% in March.

• 37. (tie) Oklahoma City: 14.8% unemployment in April, up from 2.7% in March.

• 37. (tie) Springfield, Mass.: 14.8% unemployment in April, up from 3.4% in March.

• 40. (tie) Daytona Beach, Fla.: 14.7% unemployment in April, up from 4.9% in March.

• 40. (tie) Lancaster, Pa.: 14.7% unemployment in April, up from 4.3% in March.

• 42. Cape Coral-Fort Myers, Fla.: 14.6% unemployment in April, up from 4.3% in March.

• 43. (tie) Milwaukee: 14.5% unemployment in April, up from 3.2% in March.

• 43. (tie) Philadelphia: 14.5% unemployment in April, up from 5.0% in March.

• 45. (tie) Riverside-San Bernardino, Calif.: 14.4% unemployment in April, up from 5.2% in March.

• 45. (tie) Worcester, Mass.: 14.4% unemployment in April, up from 3.1% in March.

• 47. (tie) Houston: 14.2% unemployment in April, up from 5.5% in March.

• 47. (tie) Sacramento: 14.2% unemployment in April, up from 4.8% in March.

• 47. (tie) Sarasota-Bradenton, Fla.: 14.2% unemployment in April, up from 4.2% in March.

• 50. Cincinnati: 14.1% unemployment in April, up from 4.4% in March.

• 51. (tie) Oxnard-Thousand Oaks, Calif.: 14.0% unemployment in April, up from 4.7% in March.

• 51. (tie) Portland, Ore.: 14.0% unemployment in April, up from 3.6% in March.

• 53. Jackson, Miss.: 13.8% unemployment in April, up from 4.3% in March.

• 54. Columbus: 13.7% unemployment in April, up from 4.2% in March.

• 55. Knoxville: 13.5% unemployment in April, up from 3.0% in March.

• 56. (tie) Harrisburg, Pa.: 13.4% unemployment in April, up from 4.7% in March.

• 56. (tie) Lakeland, Fla.: 13.4% unemployment in April, up from 4.9% in March.

• 58. (tie) Chattanooga: 13.3% unemployment in April, up from 3.3% in March.

• 58. (tie) Indianapolis: 13.3% unemployment in April, up from 2.8% in March.

• 60. (tie) Miami-Fort Lauderdale: 13.2% unemployment in April, up from 4.1% in March.

• 60. (tie) San Antonio: 13.2% unemployment in April, up from 4.5% in March.

• 60. (tie) San Francisco-Oakland: 13.2% unemployment in April, up from 3.5% in March.

• 63. Tampa-St. Petersburg: 13.1% unemployment in April, up from 4.3% in March.

• 64. Baton Rouge: 13.0% unemployment in April, up from 5.6% in March.

• 65. Palm Bay-Melbourne, Fla.: 12.9% unemployment in April, up from 4.4% in March.

• 66. Dallas-Fort Worth: 12.8% unemployment in April, up from 4.6% in March.

• 67. (tie) Atlanta: 12.7% unemployment in April, up from 4.4% in March.

• 67. (tie) Charlotte: 12.7% unemployment in April, up from 3.9% in March.

• 67. (tie) Memphis: 12.7% unemployment in April, up from 3.8% in March.

• 67. (tie) Winston-Salem, N.C.: 12.7% unemployment in April, up from 4.1% in March.

• 71. Tucson: 12.6% unemployment in April, up from 6.0% in March.

• 72. Albany, N.Y.: 12.5% unemployment in April, up from 3.9% in March.

• 73. Albuquerque: 12.4% unemployment in April, up from 5.7% in March.

• 74. (tie) Boise: 12.3% unemployment in April, up from 2.6% in March.

• 74. (tie) Colorado Springs: 12.3% unemployment in April, up from 6.2% in March.

• 74. (tie) Greenville, S.C.: 12.3% unemployment in April, up from 2.7% in March.

• 74. (tie) Phoenix: 12.3% unemployment in April, up from 5.4% in March.

• 78. Austin: 12.2% unemployment in April, up from 3.8% in March.

• 79. (tie) Charleston, S.C.: 12.1% unemployment in April, up from 2.6% in March.

• 79. (tie) Denver: 12.1% unemployment in April, up from 5.2% in March.

• 79. (tie) Virginia Beach-Norfolk: 12.1% unemployment in April, up from 3.6% in March.

• 82. San Jose: 12.0% unemployment in April, up from 3.5% in March.

• 83. Birmingham: 11.9% unemployment in April, up from 2.7% in March.

• 84. Madison, Wis.: 11.8% unemployment in April, up from 2.3% in March.


• 85. Des Moines: 11.5% unemployment in April, up from 3.4% in March.

• 86. Richmond: 11.3% unemployment in April, up from 3.4% in March.

• 87. (tie) Jacksonville: 11.2% unemployment in April, up from 4.3% in March.

• 87. (tie) Kansas City: 11.2% unemployment in April, up from 3.5% in March.

• 87. (tie) Salt Lake City: 11.2% unemployment in April, up from 4.0% in March.

• 90. Portland, Maine: 11.1% unemployment in April, up from 2.8% in March.

• 91. (tie) Raleigh: 11.0% unemployment in April, up from 3.7% in March.

• 91. (tie) St. Louis: 11.0% unemployment in April, up from 3.5% in March.

• 93. Little Rock: 10.9% unemployment in April, up from 4.6% in March.

• 94. Augusta, Ga.: 10.6% unemployment in April, up from 4.2% in March.

• 95. Baltimore: 10.4% unemployment in April, up from 3.5% in March.

• 96. Omaha: 10.0% unemployment in April, up from 4.3% in March.

• 97. Washington: 9.9% unemployment in April, up from 3.3% in March.

• 98. Ogden, Utah: 9.7% unemployment in April, up from 4.0% in March.

• 99. Durham, N.C.: 9.5% unemployment in April, up from 3.7% in March.

• 100. Minneapolis-St. Paul: 9.2% unemployment in April, up from 3.1% in March.

• 101. Columbia, S.C.: 8.6% unemployment in April, up from 2.8% in March.

• 102. Fayetteville-Springdale, Ark.: 8.0% unemployment in April, up from 3.4% in March.

• 103. Bridgeport-Stamford, Conn.: 7.9% unemployment in April, up from 3.6% in March

• 104. Provo, Utah: 7.8% unemployment in April, up from 3.6% in March.

• 105. Hartford: 7.5% unemployment in April, up from 3.5% in March.

• 106. New Haven, Conn.: 7.2% unemployment in April, up from 3.4% in March.

[ParaguaneroSwag]

No surprise that Las Vegas leads the way. I remember my "Vegas will get hit much much harder than Houston" comment got a lot of slander.

This is what I've been saying. The more leisure based, the worst it'll get hit. COVID-19 is known for zeroing people out from going to leisure destinations. But people traveling less during a recession isn't new by any means. You can look into any major recession historically, and the more leisure based, the most impacted, while the most necessity based, the less impacted.

[CosmicAries]

Originally Posted by ParaguaneroSwag

No surprise that Las Vegas leads the way. I remember my "Vegas will get hit much much harder than Houston" comment got a lot of slander.

This is what I've been saying. The more leisure based, the worst it'll get hit. COVID-19 is known for zeroing people out from going to leisure destinations. But people traveling less during a recession isn't new by any means. You can look into any major recession historically, and the more leisure based, the most impacted, while the most necessity based, the less impacted.

I agree. Plus the entire city has been dead since mid March, but the Governor of Nevada stated last month that at midnight tonight PST that part of The Strip will be opening up to tourist. Several Casinos such as MGM Grand, The Bellagio, Ceasar Palace will open up later on Thursday. So Las Vegas can expect some improvement on unemployment.

[ParaguaneroSwag]

Originally Posted by CosmicAries

I agree. Plus the entire city has been dead since mid March, but the Governor of Nevada stated last month that at midnight tonight PST that part of The Strip will be opening up to tourist. Several Casinos such as MGM Grand, The Bellagio, Ceasar Palace will open up later on Thursday. So Las Vegas can expect some improvement on unemployment.

It will definitely help lower the unemployment numbers some. But since people are traveling so much less now, Vegas is oversupplied with entertainment and tourist attractions, there won't be near enough jobs to give compared to what the population is used to.

[SanJac]

Dallas Morning News in it's usual form bragging about Dallas (SHOCKER!!):

Decline in nonfarm employment for the largest metros, May 2019 to May 2020:

Phoenix -5.1%
DFW -6%
HOUSTON - 7.2%
Atlanta -9.2%


https://www.dallasnews.com/business/...f-the-country/

D-FW’s job losses are huge, but they’re only half as bad as the rest of the country North Texas even added 9,000 financial jobs in the 12 months ended in May — the only notable green shoots among the dozen largest metros

Economically, and in other ways, these are the worst of times, especially with the coronavirus surging in North Texas and statewide. That said, the jobs machine in Dallas-Fort Worth is holding up better than most, and that’s cause for guarded optimism.

For the 12 months ended in May, D-FW lost almost 227,000 jobs, a 6% drop in nonfarm employment. By far, that’s the deepest drop in at least 30 years, eclipsing the decline during the Great Recession and in the wake of 9/11.
But it’s only about half the decline for the entire United States.

It’s also far less than double-digit declines in Chicago, Los Angeles, San Francisco, Boston and New York, according to data released last week by the U.S. Bureau of Labor Statistics. Among the 50 largest metros with over 1 million residents, only Phoenix had a smaller percentage decline in jobs over the year. “We’ll take small victories wherever we can get ‘em,” said Bruce Bullock, director of the Maguire Energy Institute.

There’s no sugar-coating the economic damage done by the pandemic. The 6% decline in employment from May to May actually represented some improvement from the month before as the economy began to reopen. The momentum likely continued into June, at least until COVID-19 cases started surging again.

Last week, the U.S. employment report showed a nationwide gain of 4.8 million jobs in June. Statewide numbers will be released later this month. With COVID-19 cases threatening to overwhelm some hospitals in the state, Gov. Greg Abbott has reimposed some restrictions, including closing bars and suspending elective surgeries in select counties.
Even if more measures are needed, Bullock said he doesn’t believe overall business activity will plunge as it did during the first shutdown. This time, he expects activity to plateau, depending on the spread of the virus.
“We’re figuring out how to do business with this plague around,” Bullock said. “I won’t say this is a good thing, but it’s a sign we’re resilient.”

In all the major job sectors, D-FW outperformed the national norms — losing ground (except in financial activities) but losing less. In leisure and hospitality, the hardest-hit industry, D-FW lost almost 117,000 jobs from May 2019 to May 2020. That’s a decline of 29%, but nationwide, leisure and hospitality jobs fell over 40%. In trade, transportation and utilities, D-FW lost 2.5% of jobs, but the U.S. lost 10%. That’s a sign of the region’s strength in warehousing, logistics and e-commerce. In professional and business services, D-FW job losses were almost half the rate of the nation’s. Over 600,000 people in North Texas work in professional services, making it one of the largest sectors. It includes many workers who can telecommute.

“We probably kept more people in these jobs because they were able to work remotely,” said Cheryl Abbot, regional economist for the U.S. Bureau of Labor Statistics. In financial activities, which include banking and insurance, the U.S. had a 1.5% decline in jobs — and D-FW had a gain of 2.8%. Among the 12 largest metros in America, D-FW had the only significant increase in any major job sector for the period. The finance segment is also the only local gainer for 2020, adding jobs from January through May, said Laila Assanie, senior business economist at the Federal Reserve Bank of Dallas.
“That’s a positive because D-FW is the business and financial services center for the state,” Assanie said. “That’s playing to our advantage.”

The financial sector has been helped by strong demand for small business loans from the Paycheck Protection Program, which is backed by the federal government and processed by local lenders. Home mortgages also have been in demand as interest rates have fallen during the pandemic.

In some previous downturns, such as following 9/11, the decline in D-FW jobs was deeper than the national decline. And it took longer for North Texas to dig out. “The sharper the decline, the longer it takes to climb up,” Assanie said. “It will take a while this time. But because our decline is less severe than in the rest of the nation, that should help us in the recovery.”

In normal times, about 70% of the economy is driven by consumer spending. And having fewer people out of work helps spur that growth factor, Waco economist Ray Perryman said.
He broke the job numbers into two periods, from May 2019 to February 2020, and since the pandemic. In both periods, D-FW outperformed the U.S. — gaining almost twice as much in the first and losing much less in the second.
“In other words,” Perryman wrote in an email, “the region went into the pandemic much stronger and has been affected much less.”

If D-FW can avoid a major delay in its recovery, he said, it’s well positioned to bounce back over the next few years and resume growing on a long-term basis. But Perryman couldn’t close without addressing the elephant in the room: the impact of COVID-19. As the crisis deepens and threatens to overwhelm health care workers, more restrictions on the economy may be necessary, especially with public schools scheduled to start next month. “If cases continue to spiral and more restrictive social distancing is required, everything changes,” Perryman said.