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COVID-19 Recession in Texas

As Texas’ unemployment rate hits record high 12.8%, experts say the ongoing public health crisis will hamper an economic rebound

Until now, the state’s worst-ever monthly unemployment rate was 9.2% in November 1986, as Texas reeled from the last big oil bust. A combination of the coronavirus pandemic and a contracting energy industry are expected to slow Texas' economic recovery.

Threadgill’s restaurant is closing permanently due to the coronavirus pandemic.
Envelope with money in it

The impact on Texas’ economy

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