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Monthly Review of the Texas Economy June 2009
By Ali Anari and Mark G. Dotzour
The Texas economy is sliding deeper into recession. The state's economy lost 222,400
jobs from May 2008 to May 2009, an annual job loss of 2.1 percent. Over the
same period, the U.S. economy lost more than 5.5 million jobs or 4 percent of its total
nonfarm jobs. The state's seasonally adjusted unemployment rate
rose from 4.7 percent in May 2008 to 7.1 percent in May 2009. The U.S.
seasonally adjusted unemployment rate rose from 5.5 percent to 9.4 percent during the
same period.
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