Deanna Watson, Wichita Falls Times Record News Published 3:21 p.m. CT June 19, 2020
Texas lost 1.24 million jobs in the two months ended in April, according to the Federal Reserve Bank of Dallas’ latest Economic Update.
The decline is historic, the Dallas Fed reported this week, with a nonannualized rate of 9.6 percent.
The leisure and hospitality sectors of the Texas economy were hit hard in the early months of the COVID-19 pandemic shutdown, according to the Federal Reserve of Dallas. (Photo: Federal Reserve of Dallas)
“Amid widespread lockdowns due to the COVID-19 pandemic, Texas employment declined sharply across all major industries in April, with leisure and hospitality, other services and