By Sneha Dey | The Texas Tribune
The Texas labor market appears to have rebounded from the pandemic, with rapid population growth driving a demand for jobs.
The state ended 2021 with about 13.06 million nonagricultural jobs — about 89,600 more jobs than in February 2020, before the onset of the pandemic, according to the Texas Workforce Commission.
Unemployment levels have also been on a steady decline in the state and dropped to 5% in December. Data from the Federal Reserve Bank of Dallas shows that the state’s unemployment rate was at 3.7% in February 2020 before it skyrocketed when pandemic restrictions began. The rate climbed to a record high of 12.9% when Gov. Greg Abbott ordered shutdowns in April 2020 to curb the spread of COVID-19.
The economic rebound from the pandemic recession in Texas is now outpacing the rest of the country, which experts attribute to population growth as well as the diversification of the economy and the loosening of COVID-19 restrictions.
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