Texas manufacturing index plummeted from 16.4 to -35.3.https://www.dallasfed.org/research/surveys/tmos/2020/2003#tab-report …
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Three percent of firms noted net hiring, while 26 percent noted net layoffs. The hours worked index dropped to -22.4.
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Worth mentioning if the article doesn’t that this isn’t just covid. This is covid on top of amazingly cheap oil. Oil drives Texas manufacturing.
