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The Job market recovers at a slow pace

The number of Americans seeking unemployment benefits reached around 840,000 thousand last week. Texas Economist Dr. Ray Perryman says the numbers in Texas were better.

Dr. Perryman says, "We had a drop again this week. We've been dropping the past few weeks. That's certainly encouraging for the state."


But, he says we are not out of the woods yet.

Dr. Perryman says, "The bars are starting to open. That may stimulate some hiring. On the other hand, the airlines are a big industry in Texas and they are having massive layoffs. Theme parks are a big industry in Texas and they are having massive layoffs. We're really at that stage of a situation where we can come back from this and do quite well but we really need another stimulus package. "